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Derek Avenue, Hove, BN3

South East

£900,000
Listed on 28/12/2025

Property Details

Bedrooms
3
Type
Semi Detached
Area
1240 sqft

Description

Nestled on a tranquil tree-lined street near Wish Park and the picturesque Hove Lagoon, this semi-detached 1930s family home presents a promising opportunity for both buyers and investors. With three spacious double bedrooms and two large reception rooms, there is ample room for modification or expansion, particularly into the inviting east-facing garden. While the property has been well-maintained over the years, it offers exciting potential for modernisation and personalisation to enhance its value in this sought-after location. The bright interiors feature high ceilings and fresh buttermilk cream walls that create an airy atmosphere throughout. The open-plan reception area is bathed in natural light from wide bay windows and sliding doors leading to a sunroom, which overlooks the well-kept garden. The kitchen retains a charming country feel with traditional wood cabinetry, though it remains fully functional. Upstairs are three comfortable double bedrooms ideal for a family setting, alongside a classic bathroom that could benefit from an update. Outside, the generous garden boasts a raised deck and manicured lawn, complemented by a large outhouse with potential for various uses after renovation. With off-street parking for three cars and close proximity to excellent local schools, parks, shops, and transport links including Portslade Station, this property embodies a wonderful blend of community feel and coastal living while presenting considerable potential for enhancement.

Investment Analysis

(BN3 area)

Above Market Value

This property is priced +37.7% above area average per sq ft

+37.7%
This Property
£726/sq ft
Area Average
£527/sq ft
Avg Rent (weekly)
£348
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£719,101
10% above area average per sq ft
Potential ROI
-26.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
84
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (BN3)

Area prices are rising by +7.8% over the last 12 months
3 year growth: +5.5%
5 year growth: +15.9%
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

Derek Avenue, Hove, BN3
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£3,188
Based on a loan of £675,000 over 30 years at 3.91% 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.

Stamp Duty Calculator

Price History

-5.6% since listed
£850,000£50,000(-5.6%)
01/01/2026
Current price
£900,000Initial listing
19/08/2025

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