Tisbury Road, Hove

Milestone Group are delighted to bring to market this freehold block of eight self-contained flats, comprising 2 x two-bedroom apartments, 1 x studio apartment, and 5 x one-bedroom apartments, situated on the highly desirable Tisbury Road in the heart of Hove.

This well-presented period building is located in one of the city's most sought-after residential and investment locations. Tisbury Road enjoys a central position just moments from Church Road, Hove's main commercial thoroughfare, where you'll find a vibrant mix of independent boutiques, restaurants, cafes, and supermarkets including Tesco, Sainsbury's, and Waitrose. The area offers strong year-round rental demand due to its proximity to key amenities and its appealing lifestyle.

The property is also within easy walking distance of Hove seafront, the famous Hove Lawns, and Hove Station, which provides regular services to London Victoria and Brighton, making it ideal for commuters and city professionals. Excellent local schools, gyms, medical practices, and public transport links are all nearby, reinforcing the attractiveness of this location for both tenants and future owner-occupiers.

The building currently generates an annual rental income of £106,380, with an Estimated Rental Value (ERV) of £121,200, presenting an opportunity for both immediate income and future uplift. We believe the asset is priced below market value, with a break-up valuation of £2,250,000, representing an estimated 20% discount on bricks-and-mortar value. This offers potential investors the flexibility of long-term income retention or capital appreciation through resale of individual units.

This is a rare chance to acquire a high-yielding, centrally located freehold in one of the South East's most established and resilient rental markets.

Tenure: Freehold