Auction sale with immediate rental income and central seafront access.
Third-floor studio, 24 sq.m. (EPC data)
A compact third-floor studio in central Hove offered for sale at auction with immediate rental income. The flat sits in a Victorian mixed-use conversion close to the seafront, Hove station and local amenities, and is currently producing £9,000 per annum from a tenant who is holding over.
The 24 sq.m. studio is practical and straightforward: open-plan living with a small modern-style kitchenette, shower room and double glazing. Heating is by electric room heaters and the building’s solid-brick walls are assumed uninsulated, so running costs may be higher than newer stock; EPC rating D.
Leasehold specifics and costs are important: approximately 106 years remain on a 125-year lease, ground rent starts low but doubles periodically (see legal pack). The property will be sold at auction and buyers must review the legal pack for special conditions and additional charges.
This is a clear short-let or buy-to-let opportunity for an investor seeking central Hove stock with immediate yield, but budget for possible energy upgrades and be aware of the wider area’s high crime and deprivation statistics which may affect long-term capital growth and tenancy risk.
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