Basement, 51, York Road, HOVE, East Sussex, BN3 1DJ

Description

Leasehold lower ground floor one bedroom flat. Full vacant possession. Accommodation approximately 56m2 / 607 sq ft: one bedroom, reception room, kitchen, bathroom/WC.

Accommodation

One bedroom, reception room, kitchen, bathroom/WC. Approximately 56m2 / 607 sq ft.

Location

The property is situated on York Road midway between Brighton and Hove. This residential street has the benefit of easy access to both Brighton and Hove centres whilst Hove Lawns and Beach is within approximately 10 minute walk. This popular coastal location offers wide ranging recreational pursuits, has great communication links including local bus services and rail connections at both Brighton and Hove stations.

Tenure / Property Information

Investment Analysis

The strongest evidence is the same-address HM Land Registry sale at £175,000 on 18 November 2025. This supports a base GDV of £175,000, although the evidence does not confirm whether the sold property had identical lease terms, condition or specification. The £159,000 guide is £16,000 below that sale, before the known £1,800 buyer administration charge and any seller-charged completion fees. Other York Road sales are materially higher and their size, accommodation and specification are not supplied, so they are not reliable direct comparables.

Investment Snapshot

Strategy Recommendation

Do not bid without reviewing the legal pack and confirming the new lease terms, service charge, ground rent, parking/heating position and any seller-charged fees. The guide appears below the only directly matching sale, but the margin is too small and the evidence too incomplete to justify an investment bid.

Works Required

No physical defects or refurbishment requirements are evidenced. Allow for inspection and any works identified by survey, but no refurbishment budget can be supported from the supplied information. Legal review is required for the new lease, service charge, ground rent, review provisions and other lease terms.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A 75% refinance of the £175,000 base GDV is £131,250. However, refurbishment cost, lease terms, service charge, ground rent, finance costs and total acquisition costs are unavailable, so cash left in and refinance viability cannot be calculated.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Lease length, service charge and ground rent are also awaited, preventing a reliable net-cost assessment.

Flip Analysis

At the £159,000 guide, the indicative gross difference against the £175,000 same-address sale is £16,000 before the £1,800 buyer administration charge, any seller-charged fees, legal costs, finance, selling costs and works. The comparable's exact specification and lease terms are unconfirmed, so a reliable flip surplus or maximum bid cannot be established.

Investor Risks & Due Diligence

• New lease terms, remaining term, ground rent, review provisions and service charge are not supplied.

• Additional seller-charged completion fees may apply.

• No sufficiently specific rental evidence is available.

• No condition report or refurbishment budget is supplied.

• The same-address comparable's exact accommodation, condition and lease terms are unconfirmed.

• Parking and heating details are not supplied.

Recommendation

Do not bid without reviewing the legal pack and confirming the new lease terms, service charge, ground rent, parking/heating position and any seller-charged fees. The guide appears below the only directly matching sale, but the margin is too small and the evidence too incomplete to justify an investment bid.

Strategy Rating

Analysis Confidence

A recent same-address completed sale and the guide price are available, but there is no rental evidence, refurbishment information, confirmed lease detail, service charge, ground rent, parking information or full fee schedule.