Nicholas James says ..

Property Oracle says ..

This property is a studio apartment located on Cambridge Road in Hove, East Sussex. The listing indicates it’s being sold by auction with a guide price of £115,000-£125,000. The apartment is currently tenanted, generating a rental income of £700pcm. The photos reveal a modest-sized studio with a compact kitchen and bathroom. The fixtures and fittings appear dated and may require modernisation. The property benefits from a central location in Hove, close to amenities and transportation, and is within reasonable distance of several schools including those rated ‘Good’ and ‘Outstanding’ by Ofsted. However, the property lacks outdoor space and is small in size. The selling price falls within the general range for similar properties in the area, especially considering it is being sold at auction, which typically sees a range of bids. The current rental income suggests it may be suitable as a buy-to-let investment, although potential buyers should factor in the necessary investment to modernise the property and to account for any potential future rental decreases. While it offers a convenient location and reasonable price, the dated condition and lack of space limit its overall appeal compared to more modern and larger apartments in the area. The building itself appears to be undergoing external renovation judging by the scaffolding. This may be beneficial to the building and the apartment’s value over time.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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