37 Vernon Terrace
Brighton
Sussex
BN1 3JH
Selborne Road, Hove
£1,150,000
7 Bedroom Investments Residential
- Unbroken Residential Freehold Investment
- Central Hove Location
- Arranged as 6 x Self-Contained Flats
- 1 x 2 Bed Flat
- 1 x 1 Bed Flat
- 4 x Studio
- Vacant Lower Ground Floor Flat
Unbroken Residential Freehold Investment Arranged As 6 x Self-Contained Flats.
Description
An opportunity to purchase this semi-detached unbroken freehold investment property in the heart of central Hove. The accommodation is configured over 4 main floors, including lower ground, ground, first and second floors, arranged as 6 self-contained flats. The property is currently producing an annual income of approximately £61,680 per annum exclusive, however, the annual income will increase once the lower ground floor flat is tenanted.
Situation
The property is located within a conservation area and on the sought-after Selbourne Road, Hove. Church Road, one of the main commercial thoroughfares in Hove, is close by with its numerous amenities including, various cafes, restaurants and bars. The County Ground, home to Sussex Cricket is a short walk north, Hove railway station is approximately 0.7miles away and Hove seafront is within walking distance.
Accommodation
Lower Ground - 73.52sqm / 791.36sq ft
Ground - 61.65sqm / 663.60sq ft
First - 73.44sqm / 790.50sq ft
Second - 68.36sqm / 736.14sq ft
Total - 277sqm / 2,981.60sq ft
Tenancies
Lower Ground - 2 bed, vacant and recently refurbished.
Ground - £1,200pcm - £14,400pax – 1 bed let on an assured periodic tenancy.
Flat 1 - £995pcm - £11,940pax – Studio let on an assured periodic tenancy.
Flat 2 - £1,050pcm - £12,600pax – Studio let on an assured periodic tenancy.
Flat 3 - £900pcm - £10,800pax – Studio let on an assured periodic tenancy.
Flat 4 - £995pcm - £11,940pax – Studio let on an assured periodic tenancy.
EPC's
Lower Ground - C
Ground Floor - D
Flat 1 - E
Flat 2 - E
Flat 3 - D
Flat 4 - E
Council Tax
Lower Ground - B
Ground - B
Flat 1 - A
Flat 2 - A
Flat 3 - A
Flat 4 - A
Agent Notes
Annual income to increase once the lower ground floor flat is tenanted.
From 1st May 2026 fixed term Assured Shorthold Tenancies (AST) will automatically convert to rolling Periodic Tenancies.
VAT & Legal Fees
We understand the property is not elected for VAT. Each party is to bear their own legal costs incurred.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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