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The Upper Drive, Hove

South East

£1,000,000
Listed on 20/04/2026

Property Details

Bedrooms
3
Type
Flat
Area
1136 sqft

Description

This three-bedroom penthouse apartment presents a unique opportunity for investment and renovation in a prime central Hove location. Occupying the entire top floor, this spacious property extends to approximately 1,135 sq ft and boasts impressive outdoor areas, including a substantial private roof terrace offering sweeping views of the sea and surrounding rooftops. The purchase also includes ownership of the freehold for the entire building, enhancing its appeal for future development or investment potential. The open plan kitchen, living, and dining area serves as the heart of the home, providing ample space for everyday living and entertaining. While the contemporary kitchen features granite worktops and excellent storage solutions, there is room for personal touches or modernisation to further enhance functionality. Three well-proportioned bedrooms ensure privacy, with the principal bedroom benefiting from an en suite shower room and direct access to the terrace. The existing family bathroom serves the remaining bedrooms but could benefit from updates to meet contemporary standards. A standout aspect is the extensive private roof terrace which offers an ideal space for outdoor activities; however, it's worth noting that improvements could significantly elevate its usability and aesthetic appeal. Furthermore, there is significant investment potential given that neighbouring properties have secured planning permission to develop additional apartments in airspace — indicating possibilities to extend or convert this penthouse into a duplex or enlarge it further. Additional highlights include two covered allocated parking spaces with EV charging capabilities, access to well-maintained communal gardens, and secure storage areas in the basement. Located conveniently near Hove Station and local amenities on Church Road, this property stands out not just as a home but as a promising investment opportunity.

Investment Analysis

(BN3 area)

Above Market Value

This property is priced +67.0% above area average per sq ft

+67.0%
This Property
£880/sq ft
Area Average
£527/sq ft
Avg Rent (weekly)
£348
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £70,000
Target Value
£658,789
10% above area average per sq ft
Potential ROI
-38.4%
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

The Upper Drive, Hove
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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
£3,542
Based on a loan of £750,000 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

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