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Coleridge Street, Hove

South East

£350,000
Listed on 04/10/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

Situated in the sought-after Poets Corner of Hove, this two-bedroom mews house offers both charm and significant renovation potential. Tucked away in a secure gated community off Coleridge Street, the property provides a peaceful retreat while being conveniently close to the energetic lifestyle that Hove has to offer. The location is notable for its accessibility, with Hove mainline railway station just a short walk away, providing direct links to both Brighton and London. The vibrant George Street, known for its eclectic mix of shops and bistros, is easily reachable on foot, as are the popular restaurants along Church Road. For those who appreciate coastal living, Hove's renowned seafront and Lawns are merely a 15-minute stroll from your doorstep. Upon entering the property through the recently upgraded front door, you are welcomed by an inviting entrance hallway that connects to all ground-floor rooms. The living room features abundant natural light thanks to its sash window and offers ample space for relaxation or entertaining. Adjacent is a well-appointed kitchen designed for functionality and style, complete with integrated appliances and a skylight that enhances its brightness. The layout includes two bedrooms on the upper floor. The master bedroom boasts generous dimensions and good natural light, providing ample room for furniture arrangements. Complementing this space is an en-suite bathroom equipped with essential amenities. The second bedroom also benefits from thoughtful design and storage solutions. While currently comfortable, there exists considerable scope for enhancement—such as potential extensions above the kitchen—subject to applicable planning permissions. This flexibility opens avenues for personalization or increased rental yield, making it an appealing prospect for investors; current estimates suggest rental opportunities around £1,500 per month could yield approximately 4.5%. The mews itself is well-kept with space outside your front door suitable for personal touches like potted plants. Additional features include gas central heating managed by a digital thermostat and a management company overseeing communal area maintenance. This freehold property comes with vacant possession and no onward chain, presenting an ideal scenario for those looking to move in right away or explore renovation possibilities while enjoying all that Hove has to offer. Buyers are encouraged to assess local regulations regarding any proposed renovations or extensions independently.

Investment Analysis

(BN3 area)
Area Average
£528/sq ft
Avg Rent (weekly)
£362
Avg Yield
4.4%

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £10,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
70
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (BN3)

Area prices are rising by +4.4% over the last 12 months
3 year growth: 5.3%
5 year growth: 17.0%
Investment Disclaimer: Analysis based on BN3 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Coleridge Street, Hove
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,282
Based on a loan of £262,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE