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The Droveway, Hove

South East

£950,000
Listed on 06/05/2026

Property Details

Bedrooms
2
Type
House
Area
1680 sqft

Description

Located in the desirable Hove Park area, this distinctive chalet bungalow presents an exciting opportunity for those looking to invest in a property with significant renovation potential. One of the few bungalows available in this esteemed location, it features two generous double bedrooms, including a master suite that boasts a walk-in wardrobe and an en-suite bathroom, providing comfort and privacy. The expansive living and dining areas are bathed in natural light thanks to large windows, offering a welcoming environment suitable for both relaxing and entertaining. The kitchen is functional with ample storage and modern appliances, making it well-equipped for everyday cooking or special gatherings. What sets this property apart is the considerable scope for expansion; the sizeable plot allows for customization to meet your specific needs or increase the property's value through extension or redevelopment. Additionally, it includes a large double garage for secure parking and storage, alongside plenty of off-street parking. The outdoor space complements the home beautifully, providing a serene garden area ideal for leisure or social events. Overall, this property not only offers immediate comforts but also represents a solid investment opportunity due to its potential for development in an attractive location.

Investment Analysis

(BN3 area)

Above Market Value

This property is priced +7.3% above area average per sq ft

+7.3%
This Property
£565/sq ft
Area Average
£527/sq ft
Avg Rent (weekly)
£354
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£974,173
10% above area average per sq ft
Potential ROI
-3.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
87
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (BN3)

Area prices are rising by +6.7% over the last 12 months
3 year growth: +4.6%
5 year growth: +15.0%
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

The Droveway, Hove
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£3,389
Based on a loan of £712,500 over 30 years at 3.97% 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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