Clarendon Road, Hove

The Details

EPC Floorplans Fees apply: Our fees Council tax band: B Property ref: 10512224

• Large 3 story terraced house
• Freehold
• Currently split as two rental flats
• Basement studio apartment and 2 Bed Maisonette
• £1,800 pcm total gross rental incomes
• Scope for large increase in rental with improvement
• Option to re-convert to a single large family home or rental
• Asking price £440,000

Large Freehold property for sale in Central Hove, with huge potential as an Investment property or a family home. The building is currently configured as two flats. Both let to long term professional tenants, allowing for immediate income to investment buyers, though there is the opportunity to greatly increase rental yield with modernisation.

The lower flat is a well sized studio apartment with its own below street level entrance. The bed/living room greets you right inside the door. To the rear of the flat is the kitchen overlooking the garden, to which only the basement flat has access. The bathroom lies off of the kitchen and hosts a bath and shower. Within the kitchen remains the internal stairs that previously connected the two flats. a plaster wall now splits them at the ground floor level. This allows for easy reconfiguration into a single dwelling, or kept as is, allows for separate rental of each unit.

The top flat is accessed at just above street level, with the large open plan living and kitchen taking up most of the ground floor. To the first floor are the two double bedrooms to the front and rear, as well as the family sized bathroom.

Both flats are currently let to professional tenants, with the basement and maisonette returning £800 and £1,000 gross rental per month respectively.

This fantastic large town house is the perfect blank canvas for residential buyers looking for the option to fully control a redesign to make their perfect home, or a below market value investment, with the opportunity for a large yield by improving the condition and therefore rental. The property could be retained as two flats, or reconfigured as a single dwelling, with potential options as a HMO (dependant on relevant permissions and licensing.)