Cromwell Road, Hove
- PROPERTY TYPE
House
- BEDROOMS
8
- BATHROOMS
4
- SIZE
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- 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
- For Sale By Auction 20th November 2026 ** Pre Auction Offers Welcome **
- Just Under 4,300 Sq Ft. (400 Sq M) Of Internal Space - Approx £235 Per Sq Ft.
- Significant Potential To Add Value Through Redevelopment - GDV Of £2,225,000
- Huge Rear Garden & Potential Building Plot (STPP)
- Previously Approved Planning Permission & Very Desirable Location
- Suitable For Developers, Investors And Residential Conversion Specialists
Description
A rare and exciting opportunity to acquire an entire substantial building in a highly desirable central location, currently configured and fully licensed as an 8-bedroom HMO, but offering significant potential as a residential development opportunity.
The property is fully available for viewings, with a comprehensive legal pack to follow, allowing prospective purchasers to undertake their own due diligence ahead of the auction.
The proposed scheme would provide a self-contained two-bedroom apartment on each of the five floors, creating a potential scheme of five generously proportioned two-bedroom apartments.
Importantly, the top floor previously benefited from approved planning permission for this form of residential development under planning reference BH2009/02134. Whilst this permission has subsequently lapsed, it provides valuable planning precedent and an indication of the building's potential. Purchasers should make their own enquiries with the local planning authority regarding any future proposals.
Based upon the proposed five-apartment scheme, the property has an estimated Gross Development Value (GDV) of approximately £2,225,000, subject to planning, specification, market conditions and purchaser due diligence.
There is also further potential to create an additional dwelling within the substantial rear garden, subject to planning permission (STPP), offering the opportunity to unlock even greater value.
The combination of the building's scale, existing HMO use, planning precedent, central location and redevelopment potential makes this a particularly compelling proposition for developers and investors.
At approximately £235 per sq ft, this is a genuinely rare opportunity to acquire a fantastic freehold site with significant potential to add value through redevelopment in a highly desirable central location.
Brochures
Cromwell Road, Hove- 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.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Cromwell Road, Hove
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Visit our security centre to find out moreDisclaimer - Property reference 34976189. 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 Lextons Auctions, Sussex. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Lextons Auctions, Sussex on 01273 109874.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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