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Third Avenue, Hove, East Sussex, BN3

South East

£475,000
Listed on 28/02/2026

Property Details

Bedrooms
4
Type
Flat
Area
1119 sqft

Description

Located in the desirable Windsor Lodge, this spacious four-bedroom apartment is positioned on the top floor and accessible by lift. It showcases a significant opportunity for those looking to undertake a renovation project in the vibrant heart of Hove. The apartment includes four generously sized bedrooms, a large reception area that opens onto an expansive private balcony, a separate kitchen, and a family bathroom. While it currently requires modernisation throughout, this property offers great potential for buyers keen to transform it into a comfortable and contemporary family home. The building itself is well-maintained and benefits from allocated parking, making it an appealing investment. With the seafront just moments away and local amenities close at hand, this property represents a solid chance to create substantial value in an attractive central location.

Investment Analysis

(BN3 area)

Below Market Value

This property is priced -19.5% below area average per sq ft

-19.5%
Potential saving
This Property
£424/sq ft
Area Average
£527/sq ft
Avg Rent (weekly)
£342
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£648,869
10% above area average per sq ft
Potential ROI
+21.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
82
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (BN3)

Area prices are rising by +4.3% over the last 12 months
3 year growth: +3.9%
5 year growth: +16.6%
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

Third Avenue, Hove, East Sussex, BN3
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,713
Based on a loan of £356,250 over 30 years at 4.06% 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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