Western Road, Hove

South East

£2,500,000

Listed on 18/12/2025

Property Details

Bedrooms

Type

Detached house

Description

This substantial freehold property presents a unique mixed-use investment opportunity, featuring two retail units, nine residential flats, and an unoccupied garage/workshop. Currently generating an annual income of £194,900, there is immediate potential to enhance this revenue by leasing the vacant garage/workshop. Additionally, the flat roof area at the rear offers exciting development possibilities for further residential units, pending necessary planning permissions. The existing tenancy schedule showcases a variety of well-let residential flats with monthly rents ranging from £1,050 to £1,600 per month. This property is strategically positioned in a central location near Brunswick Square and Hove seafront, surrounded by a mix of independent and national businesses, making it an attractive prospect for future growth and enhancement. It’s important to note that some details on the floor plan may not depict the full extent of ownership for the ground floor and basement areas.

Investment Analysis

(BN3 area)

Area Average

£528/sq ft

Avg Rent (weekly)

£362

Avg Yield

4.4%

Renovation Potential

Medium Refurb

Est. Renovation Cost

£150,000 - £250,000

Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.

Monthly Sales

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

Western Road, Hove

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Mortgage Calculator

Property Price

Household Income

Deposit

Deposit %

Interest Rate

Repayment Period

years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments

£9,158

Based on a loan of £1,875,000 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.