Nicholas James says ..
A rare opportunity to acquire a freehold block of 32 garages situated in a prime central Hove location. The garages are served by a driveway from Rutland Gardens and accessed via a secure electric gate. Each is of standard size with its own up and over door. The garages are let and producing £57,...
Property Oracle says ..
This property comprises a freehold block of 32 garages located on Rutland Gardens, off New Church Road in Hove, East Sussex. The garages are accessed via a secure electric gate and are currently let, generating rental income. The location is highly desirable, situated in the Westbourne area of Hove, known for its excellent amenities, proximity to good schools (like St Christopher’s School and Brighton And Hove Clinic School) and convenient transport links (Aldrington station is under a kilometer away). The garages themselves appear structurally sound from the provided photos, although some minor cosmetic maintenance or updates might be needed. While the listing price of £1,000,000 appears significant, it needs to be considered within the context of the location, the existing rental income, and the lack of comparable sales data in the immediate vicinity. The potential for long-term appreciation in this prime Hove location could justify the investment, especially for a buyer seeking a portfolio investment rather than a primary residence. However, the lack of specific information regarding the property (such as individual garage dimensions and the precise legal status of each let) should be clarified during due diligence. The lack of gardens is a noteworthy aspect, and this is reflected in the analysis.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 6
- Location
- 7
- Land
- 2
- Bedrooms
- 0
- Bathrooms
- 0
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Metrics Year-on-Year
- Average area value
- 689,089.00 £Decreased by 2.95 %
- Average area rental value
- 2,316.00 £/moIncreased by 5.08 %
- Est rental Yield
- 4.03 %Increased by 8.33 %
- Crime Rate
- 6.00 %Unchanged by 0.00 %
Agent Activity
Nicholas James marked this listing as sold.
Nicholas James created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| St Christopher'S School | Other Independent School | 0.20 KM | |
| Brighton And Hove Clinic School | Other Independent Special School | Good | 0.54 KM |
| The Lioncare School | Other Independent Special School | Good | 0.74 KM |
| West Hove Children'S Centre | Children's Centre Linked Site | 0.82 KM | |
| Hove Junior School | Community School | Good | 0.84 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Lion Mews | £ 0 | 0 | 0.00 KM |
| Titian Road | £ 250,000 | 0 | 0.00 KM |
| Molesworth Street | £ 0 | 0 | 0.00 KM |
| Hove Promenade | £ 0 | 0 | 0.00 KM |
| Park Avenue | £ 1,325,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Aldrington | 5280 | AGT | 0.69 KM |
| Hove | 5273 | HOV | 1.68 KM |
| Portslade | 5276 | PLD | 2.32 KM |
| Preston Park | 5285 | PRP | 3.74 KM |
| Fishersgate | 5284 | FSG | 3.82 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| New Church Road, Hove, BN3 | £ 325,000 | BUY | Unknown | 0.00 KM |
| New Church Road, Hove | £ 1,000,000 | BUY | 5 / 10 | 0.00 KM |
| New Church Road, Hove, BN3 | £ 275,000 | BUY | 6 / 10 | 0.00 KM |
| New Church Road, Hove, BN3 | £ 315,000 | BUY | 7 / 10 | 0.00 KM |
| New Church Road, Hove, BN3 | £ 280,000 | BUY | 6 / 10 | 0.00 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 8 Rutland Gardens | £ 835,000 | 0.06 KM |
| 14 Rutland Gardens | £ 950,000 | 0.06 KM |
| 3 Courtyard Lane | £ 2,125,000 | 0.17 KM |
| 58b New Church Road | £ 385,000 | 0.17 KM |
| 26a Westbourne Gardens | £ 175,000 | 0.18 KM |