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Normandy House, The Drive, Hove

South East

£385,000
Listed on 27/11/2025

Property Details

Bedrooms
2
Type
Flat
Area
926 sqft

Description

This fifth-floor flat in the sought-after Normandy House on The Drive, Hove, presents a compelling opportunity for renovation enthusiasts and investors. Offering two spacious double bedrooms with built-in wardrobes, this apartment maximizes storage while allowing for efficient use of space. The expansive living room serves as a central hub for relaxation and dining, complemented by a west-facing balcony that provides breathtaking views of the sea and coastline. The kitchen is in need of modernization, presenting an ideal chance to customize it to your liking. The property also includes a separate bathroom and toilet for added convenience. Additional secure storage is available in the lower ground floor locker. With no onward chain and a share of freehold ownership, this property offers flexibility for both homeowners and investors looking to add value through refurbishment. Situated within easy reach of local amenities, transport links, and Hove's scenic coastline, this flat is well-positioned to benefit from the vibrant lifestyle that Hove has to offer. The location boasts proximity to Hove mainline station for convenient commuter access as well as an array of cafés, shops, bars, and restaurants nearby. Open green spaces such as St Ann's Wells Park and Hove Lawns are just a stroll away, enhancing the appeal of this residence. With modernisation required throughout the flat, it provides an exceptional canvas to realize your vision in one of the South East's most desirable areas.

Investment Analysis

(BN3 area)

Below Market Value

This property is priced -21.3% below area average per sq ft

-21.3%
Potential saving
This Property
£416/sq ft
Area Average
£528/sq ft
Avg Rent (weekly)
£362
Avg Yield
4.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£538,126
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
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

Normandy House, The Drive, 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
£1,410
Based on a loan of £288,750 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