Flat 5, 72 The Drive, Hove, BN3 3PE

Description

1 Bed Apartment at Flat 5, 72 The Drive, Hove, BN3 3PE. Offered in the Auction House Sussex & Hampshire live-stream auction on 9 September 2026 at 2.30pm. Current catalogue status: For Sale.

Location

Flat 5, 72 The Drive, Hove, BN3 3PE. Latitude and longitude use the full BN3 3PE postcode location rather than a broad postcode-district centre.

Investment Analysis

Investment Snapshot

Strategy Recommendation

Initial strategy: Buy-to-Let. The guide price is only the starting point; establish a maximum bid after checking legal pack, tenure, condition, finance, local rent and resale evidence.

Works Required

Obtain a property-specific survey and contractor quotations. Allow for services testing, compliance, decoration and any structural, roofing, damp, kitchen, bathroom, common-parts or external works identified.

Rental & Market Context

HB rent and value ranges are indicative appraisal estimates. Verify achievable rent, lease/service-charge exposure where relevant, local demand and current comparable evidence before bidding.

Sold within approximately 5 miles

Check recent HM Land Registry transactions and closely matched local comparables for property type, size, tenure, condition and micro-location before fixing GDV.

Potential BRRR Position

Refinance potential depends on completed condition, lender valuation, tenure and rental stress testing. Commercial and unusual assets may require specialist lending.

Flip Analysis

Indicative gross spread before transaction and finance costs is approximately £16,500–£118,750. This is not profit and excludes SDLT, auction/legal fees, finance, holding costs, professional fees, contingency, selling costs and tax.

Investor Risks & Due Diligence

• Read the complete legal pack and special conditions

• Verify tenure, occupancy, planning and title restrictions

• Inspect condition and obtain contractor quotations

• Confirm finance and insurance availability

• Verify current rents and sold comparables

• Allow for administration charges, buyer premiums and disbursements

Recommendation

Proceed only where verified total project cost supports the intended buy-to-let strategy with adequate contingency and margin.

Strategy Rating

Buy-to-Let: ★★★★☆ | BRRR: ★★★★☆ | Flip: ★★★☆☆