New Church Road, Hove
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
6
- BATHROOMS
4
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Freehold residential investment opportunity
- Four self-contained flats
- Three one-bedroom flats
- One three-bedroom flat
- Combined rental income of £5,200 PCM
- Gross annual rental income of £62,400
- Four allocated driveway parking spaces
- Substantial semi-detached building
- Approx. 2,644 sq ft / 245.8 sq m combined internal area
- Located on New Church Road, Hove – investment buyers only
Description
An excellent opportunity to acquire the freehold of a substantial semi-detached property at 232 New Church Road, Hove, arranged as four self-contained residential units.
The accommodation comprises three one-bedroom flats and one three-bedroom flat, providing a varied rental portfolio in a sought-after Hove location.
The current combined rental income is £5,200 per calendar month, equivalent to £62,400 per annum gross, based on the individual rents provided:
Flat 1 – £1,200 PCM
Flat 2 – £1,300 PCM
Flat 3 – £1,600 PCM
Flat 4 – £1,100 PCM
Council Tax: Flats 1, 2 and 4 are in Band B, while Flat 3 is in Band C.
The property further benefits from four allocated parking spaces on the driveway, providing off-road parking for the individual flats.
The floor plans indicate a substantial combined internal area of approximately 2,644 sq ft (245.8 sq m), although all measurements should be treated as approximate.
This property is being marketed specifically towards landlords and investment purchasers seeking a freehold residential investment with four separate units and an established rental income.
Please Note: All descriptions, photographs, and floorplans are provided as a general guide and do not form part of any offer or contract.
Money Laundering Regulations: Prospective purchasers will be required to provide identification and proof of funds as part of the due diligence process.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Driveway,Allocated
- GARDENA property has access to an outdoor space, which could be private or shared.
- Back garden
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ground floor
New Church Road, Hove
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Visit our security centre to find out moreDisclaimer - Property reference ZGF-80306852. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Prominence Property, Hove. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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