Phillips & Still says ..

Property Oracle says ..

This property in Hove, located on Sackville Road, is presented as a superb investment opportunity. The listing highlights its status as a freehold property comprising eight units—seven studios and one one-bedroom flat—all currently tenanted, generating an annual rental income of £76,800. This suggests a strong return on investment, though detailed financial analysis would be necessary to confirm this. The property’s location in Westbourne, Hove, is a significant advantage, given the area’s popularity and proximity to amenities such as the seafront, shops, and transport links.

The photographs reveal a range of interior conditions. Some rooms appear well-maintained, others show evidence of wear and tear and potential maintenance needs such as carpets and paint. The kitchen, for instance, is relatively simple. Furnishing is somewhat sparse in some spaces, and the overall aesthetic gives an impression of rooms ready for new tenants. It’s vital to undertake a comprehensive survey to assess the property’s structural condition and potential repair costs accurately. The information about private outdoor space (e.g., garden) is lacking, potentially limiting the appeal for some buyers.

The absence of square footage data for individual units complicates a thorough assessment of the list price’s reasonableness on a per-square-foot basis. The stated rental income, however, forms a substantial basis for justification. The prospective investor should consider factors such as void periods (time when units are vacant between tenancies), potential repair costs, and future rental market fluctuations. A potential buyer should conduct thorough due diligence, including obtaining professional valuations and scrutinizing the tenancy agreements before making any purchase decision.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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