Summary - GROUND FLOOR SURGERY, 49, PORTLAND ROAD BN3 5DQ
1 bed 1 bath Detached
Auction opportunity with consented conversion for seven flats close to seafront and station.
Freehold detached building approaching 5,000 sq ft
This substantial detached property on Portland Road offers a clear investor route: vacant freehold approaching 5,000 sq ft with Permitted Development Rights consented for conversion into seven self‑contained flats (4 x 1-bed, 3 x 2-bed). Its double‑fronted Victorian façade and high ceilings give genuine scope for attractive residential layouts close to Hove town centre, seafront and the mainline station.
The site is being sold at auction with a Guide Price of £1,250,000. It is already vacant, so refurbishment and conversion works can begin without tenancy complications. The seller has indicated no CIL payment or affordable housing requirement under the PD consent and has suggested there may be VAT savings on conversion works; buyers must obtain independent professional confirmation of both claims.
There are practical limits: the plot is small with only a forecourt and no substantial rear garden, so outside space will be constrained. The consent requires conversion works and investment to create the approved flats; alternative upgraded layouts are the subject of a further planning application. Auction sale means additional fees apply and the sale process is time‑sensitive — legal and planning due diligence is essential before bidding.
For investors or developers seeking a central Hove site with permitted flats and strong rental/demand fundamentals, this property represents a high‑potential project provided you factor in refurbishment costs, planning risk for any amended scheme, and auction‑related fees.
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