Elliotts says ..
An affordable apartment with huge potential in Palmeira Avenue, ideal for FTB's or investors. Featuring a double bedroom and an open plan living room, this property is in need of modernisation. With a 145-year lease and no ongoing chain, it's a prime opportunity in a sought-after location
Property Oracle says ..
This one-bedroom apartment located on Palmeira Avenue in Hove, East Sussex presents a mixed bag of potential and challenges. The property’s location is a significant advantage, situated within a desirable residential neighbourhood characterised by its proximity to excellent schools such as Brunswick Primary School and The Montessori Place, and convenient transportation links to Brighton city center. Moreover, the location benefits from being near the vibrant Church Road which has many amenities. However, the property’s condition is a primary concern; the apartment needs comprehensive modernisation. The images show dated kitchen and bathroom fixtures and fittings, and several areas indicating the need for cosmetic repairs or updates. While the interior is spacious, the overall impression is that of a property requiring significant investment in order to reach its full potential. The lack of information on plot size and garden suggests it is a flat, lacking outdoor space. At £220,000, the price is possibly competitive for a property in this location, but the required renovation costs must be factored into any potential buyer’s assessment. Overall, the property offers potential but requires substantial upfront investment. Buyers should approach with realistic expectations, factoring in costs for refurbishment. The property is suitable for first-time buyers or investors willing to undertake renovations; a buyer must evaluate this before making a decision. More information on lease details would greatly aid in an accurate assessment.
Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 4
- Location
- 7
- Land
- 1
- Bedrooms
- 1
- Bathrooms
- 1
- Sqft (est)
- 598.47
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 454,808.00 £Decreased by 9.50 %
- Est sale value
- 378,831.51 £Increased by 10.47 %
- Average area rental value
- 1,996.00 £/moIncreased by 22.91 %
- Est letting value
- 1,196.94 £/moIncreased by 100.00 %
- Est rental Yield
- 5.27 %Increased by 35.82 %
- Crime Rate
- 3.00 %Unchanged by 0.00 %
Agent Activity
Elliotts created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Brunswick Primary School | Community School | Good | 0.49 KM |
| The Montessori Place | Other Independent School | Outstanding | 0.54 KM |
| Drive Preparatory School | Other Independent School | Good | 1.00 KM |
| Cottesmore St Mary'S Catholic Primary School | Voluntary Aided School | Good | 1.08 KM |
| Cardinal Newman Catholic School | Voluntary Aided School | Good | 1.19 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| St. Johns Road | £ 0 | 0 | 0.00 KM |
| Saint John's Road | £ 0 | 0 | 0.00 KM |
| St Johns Road | £ 0 | 0 | 0.00 KM |
| Church Road | £ 300,000 | 0 | 0.00 KM |
| Dudley Mews | £ 617,500 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Hove | 5273 | HOV | 1.16 KM |
| Preston Park | 5285 | PRP | 2.21 KM |
| Brighton | 5268 | BTN | 2.44 KM |
| Aldrington | 5280 | AGT | 2.46 KM |
| London Road (Brighton) | 5281 | LRB | 3.13 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Palmeira Avenue, Hove | £ 220,000 | BUY | 4 / 10 | 0.00 KM |
| Palmeira Avenue, Hove, East Sussex, BN3 | £ 315,000 | BUY | Unknown | 0.06 KM |
| Salisbury Road, Hove | £ 300,000 | BUY | Unknown | 0.06 KM |
| Palmeira Avenue, Hove, BN3 3GB | £ 500,000 | BUY | 6 / 10 | 0.06 KM |
| Palmeira Avenue, Hove | £ 280,000 | BUY | 5 / 10 | 0.06 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 1a Palmeira Avenue | £ 179,000 | 0.00 KM |
| 14 Palmeira Avenue | £ 152,500 | 0.06 KM |
| 18 Palmeira Avenue | £ 1,900,000 | 0.06 KM |
| 30 Salisbury Road | £ 667,000 | 0.07 KM |
| 24 Palmeira Avenue | £ 785,000 | 0.07 KM |