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Cambridge Grove, Hove BN3

South East

£475,000
Listed on 06/10/2025

Property Details

Bedrooms
5
Type
Detached house
Area
1076 sqft

Description

This spacious 5-bedroom terraced house in Central Hove presents a valuable opportunity for those looking to invest or renovate. Currently holding an HMO licence, it is well-suited for generating rental income, making it an attractive option for investors seeking stability in a desirable location. The property is conveniently located within easy walking distance of Hove Train Station, Church Road, and the scenic Hove Seafront. Additionally, nearby Hove Park offers green space for recreation and relaxation. The surrounding area features a variety of local shops and amenities that enhance its appeal as both a residential and rental location. While the house does require modernisation, this opens the door for creative renovation potential. Buyers have the chance to tailor the interiors to align with current market trends or personal preferences, increasing its value over time. The absence of a chain ensures a smoother acquisition process for prospective buyers. In summary, this property not only offers ample living space in a sought-after neighborhood but also invites innovation through refurbishment. It’s an investment opportunity that promises strong returns while allowing for customization in one of Central Hove's prime spots.

Investment Analysis

(BN3 area)

Below Market Value

This property is priced -17.1% below area average per sq ft

-17.1%
Potential saving
This Property
£441/sq ft
Area Average
£533/sq ft
Avg Rent (weekly)
£397
Avg Yield
4.2%

Renovation Potential

Est. Renovation Cost
£47,500 - £118,750
10-25% of property value
Target Value
£630,445
10% above area average per sq ft
Potential ROI
+6.2%
After renovation
Monthly Sales
47
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (BN3)

Area prices are rising by +4.0% over the last 12 months
3 year growth: 8.0%
5 year growth: 20.8%
Investment Disclaimer: Analysis based on BN3 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Cambridge Grove, Hove BN3
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