For Sale: Long leasehold, income-producing, HMO investment in prime Hove location
Summary
- High yielding residential investment producing £38,040 per annum
- Fully let HMO with diversified income stream
- Prime Hove location close to station and amenities
- Asset management and rental growth potential
Accommodation
The accommodation is arranged over the upper floors and comprises a number of individually let bedsit-style units with shared facilities, configured to operate as an HMO. The layout provides a practical and efficient multi-let setup, catering to strong local rental demand.
| Description | sq ft | sq m |
| Residential | 1,032 | 95.88 |
| Total | 1,032 | 95.88 |
Location
Hove Park Villas is a well-established and sought-after residential address in Hove, conveniently positioned close to Hove mainline railway station and within easy reach of the amenities of both Church Road and Goldstone Villas.
The surrounding area is characterised by attractive period properties, a strong residential community and a range of local shops, cafés and everyday amenities, making it a popular location for tenants. Hove Park is also within close proximity, providing extensive green space and leisure facilities.
Hove Station lies within a short walking distance, offering regular rail services to Brighton, Gatwick Airport and London Victoria, making the area particularly appealing to commuting professionals. Excellent bus services operate nearby, while the A27 and A23 provide convenient road links to the wider region.
Overall, the property benefits from a highly accessible and desirable location, supporting strong and consistent residential rental demand.
Get directions from Google Maps
Mainline Stations
-
Hove1 min
-
Aldrington11 mins
-
Preston Park19 mins
-
Brighton26 mins
Underground Station
-
Caterham601 mins
-
Tadworth611 mins
-
Kingswood613 mins
-
Whyteleafe South629 mins
Further Information
Price Offers in the region of £375,000
Service Charge n/a
Estate Charge n/a
Description
A well-located and income-producing long leasehold residential investment situated within the established and highly regarded Hove Park Villas, moments from Hove mainline railway station and the amenities of central Hove.
The property comprises an upper maisonette arranged over the first and second floors above commercial premises, forming part of an attractive mid-terrace period building understood to date from circa 1896. The accommodation is configured as a multi-let HMO, providing a number of individually let units with shared facilities and producing a current gross income of £38,040 per annum.
The asset is professionally managed and provides a proven, consistent income stream, with potential for future rental growth and asset management, subject to the necessary consents and statutory requirements. There is also an opportunity to enhance lettable space by reconfiguring the adjacent toilet facilities to enlarge a currently unlettable room.
Positioned within a strong residential letting location, benefiting from excellent transport links, local amenities and sustained tenant demand, the property represents an attractive opportunity for investors seeking a high yielding asset with scope for active management and longer-term income and capital growth.
Viewings
Strictly via prior appointment through Sole Agent Graves Jenkins (01273 70 10 70).
Terms
Guide Price: £375,000 for the long leasehold interest, subject to contract.
Tenure: A new 999-year lease granted in 2025 at a ground rent of £75 per annum. Copies of the lease, together with maintenance and building insurance details, are available upon request.
Managing Agents: The property is professionally managed, with management fees understood to be approximately 12% inclusive of VAT.
Tenancy Information: The accommodation is let on individual tenancies with rents payable monthly in advance, producing a current gross income of £3,170 per calendar month (£38,040 per annum). The electricity is recharged to occupants via coin-operated meters. Further tenancy documentation is available upon request.
Anti Money Laundering
In accordance with the Anti-Money Laundering Regulations, Graves Jenkins is required to verify the identity of all parties involved in the transaction. Prospective purchasers or tenants will be required to provide satisfactory proof of identity and address before solicitors are instructed.
Documents will be required from all relevant parties, and a charge of £40 per person will be payable where electronic identity searches are carried out.
Gallery
