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Spencer Avenue, Hangleton BN3 - Image 1
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Spencer Avenue, Hangleton BN3

South East

£400,000
Listed on 13/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
864 sqft

Description

This three-bedroom semi-detached house in a desirable part of Hove presents a valuable opportunity for renovation-minded buyers. Offered with no onward chain, the property spans two floors and features a layout that can be reimagined to suit modern tastes. The ground floor boasts a generous through lounge and dining area, benefitting from ample natural light through large front and rear windows. The kitchen, located at the rear, connects seamlessly to a conservatory, creating potential for enhanced living space and direct access to the garden. Upstairs, you will find three bedrooms: two spacious doubles and a versatile single room ideal for guests or as a home office. The wetroom, equipped with essential amenities, is functional yet ripe for updates. Outdoor features include a shared driveway leading to a garage—providing off-street parking or storage—and both low-maintenance front and rear gardens that could be transformed into lovely outdoor retreats. While the house is generally well-kept, it does require some general updating throughout, allowing future owners to personalize it fully. Located near local schools, parks, and shops with excellent transport links to Brighton and London, this property offers not just a home but also an investment opportunity in a location that continues to develop.

Investment Analysis

(BN3 area)

Below Market Value

This property is priced -12.4% below area average per sq ft

-12.4%
Potential saving
This Property
£463/sq ft
Area Average
£528/sq ft
Avg Rent (weekly)
£362
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£502,096
10% above area average per sq ft
Potential ROI
+14.1%
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

Spencer Avenue, Hangleton BN3
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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
£1,465
Based on a loan of £300,000 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE