3 Bed Flat, Single Let, Hove, BN3 2NB £550,000

3 COOMBE LEA, GRAND AVENUE, HOVE, BN3 2NB - 19 views - 2 years ago
Sold STC
BTL
~90 m²
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+3 photos

ValuationOvervalued

Sold Prices£235K - £1.0M
Sold Prices/m²£1.9K/m² - £34.8K/m²

 

 

Square Metres

~89.90 m²
Price/m²£6.1K/m²

Value Estimate

£508,181

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£137,500

Stamp Duty & Legal Fees

£32,700

Total Cash In

£170,200

 

 

Cash Out

 

Rent Range

£1,600 - £4,250

Rent Estimate

£1,694

Running Costs/mo

£2,078

Cashflow/mo

£-384

Cashflow/yr

£-4,603

Gross Yield

4%

Local Sold Prices

21 sold prices from £235K to £1.0M, average is £527.3K. £1.9K/m² to £34.8K/m², average is £5.7K/m².

Price
Date
Distance
Address
Beds
 
£397.5K01/250 miCoombe Lea, 48, Grand Avenue, Hove BN3 2NE3
£900K07/230.04 miFlat 23, Grand Avenue Mansions, Grand Avenue, Hove, Brighton And Hove BN3 2NA3
£1.0M04/250.13 miFlat 4, 8 Royal Court, Kings Gardens, Hove BN3 2PF3
£1.0M02/250.13 mi8 Royal Court, Flat 5, Kings Gardens, Hove BN3 2PF3
£705K05/250.24 miFlat 5, 36, Adelaide Crescent, Hove BN3 2JL3
£800K05/250.27 mi2, 1 Albemarle Mansions, Medina Terrace, Hove BN3 2WL3
£570K06/210.28 miSecond Floor Flat, 15, Palmeira Avenue, Hove, Brighton And Hove BN3 3GA3
£542K07/250.3 mi27a, Ventnor Villas, Hove BN3 3DE3
£1.0M01/250.34 miBath Court, Flat 38, Kings Esplanade, Hove BN3 2WP3
£455K06/250.37 miFlat 32, 68 70 Drive Lodge, The Drive, Hove BN3 3PS3
£672.5K11/230.45 mi30a, Brunswick Square, Hove, Brighton And Hove BN3 1ED3
£830K07/250.48 mi26, Sackville Road, Hove BN3 3FB3
£381.3K06/250.49 mi61, Denmark Villas, Hove BN3 3TD3
£235K05/230.55 miGround Floor Flat, 50, Livingstone Road, Hove, Brighton And Hove BN3 3WL3
£510K06/250.56 mi3, Wick Hall, Furze Hill, Hove BN3 1NF3
£527.3K06/230.56 miUpper Maisonette, 125, Livingstone Road, Hove, Brighton And Hove BN3 3WN3
£380K07/250.56 miFlat E, 10, Brunswick Terrace, Hove BN3 1HL3
£415K03/230.71 mi4a, Burton Villas, Hove, Brighton And Hove BN3 6FN3
£487.5K03/250.72 miGround Floor, 36, Temple Street, Brighton BN1 3BH3
£500K08/250.78 mi82a, Walsingham Road, Hove BN3 4FF3
£380K02/250.9 mi157a, Portland Road, Hove BN3 5QJ3

Local Rents

50 rents from £1.6K/mo to £4.3K/mo, average is £2.4K/mo.

Rent
Date
Distance
Address
Beds
 
£2,20011/250 miCoombe Lea, Grand Ave - P18303
£2,60003/240.03 miGrand Avenue, Hove3
£1,85007/250.03 miKings Mews - P12913
£2,65006/250.05 miGrand Avenue - P18303
£2,90009/250.05 miGrand Avenue, Hove, East Sussex, BN33
£2,69507/250.05 miGrand Avenue - P18303
£2,45009/250.06 miAlbert Mansions, Church Road, Hove, East Sussex, BN33
£3,76212/240.06 mi-3
£2,25008/250.08 miGrand Avenue, Hove, East Sussex, BN33
£3,00011/250.09 miGrand Avenue, Hove BN33
£2,25004/240.09 miGrand Avenue Hove BN33
£2,25007/250.09 miGrand Avenue Hove BN33
£2,85003/240.09 miAshley Court, Grand Avenue, Hove, East Sussex, BN3 2NN3
£2,95006/250.09 miSecond Avenue, Hove, BN33
£1,80012/240.1 miEaton Grove, Hove3
£2,00009/250.12 miSecond Avenue, Hove3
£3,50004/240.13 miKings Gardens, Hove, BN33
£3,50003/240.13 miKings Gardens, Hove, BN33
£1,95005/250.13 miAlbany Villas, Hove3
£1,97512/240.13 miAlbany Villas, Flat 4, BN33
£1,95006/250.13 miAlbany Villas, Flat 4, BN33
£1,95011/250.13 miAlbany Villas, Flat 4, BN33
£1,95005/250.13 mi-3
£4,25010/250.14 miKings Gardens, Hove3
£3,25005/250.14 miKings Gardens, Hove3
£4,00010/250.14 miKings Gardens, Hove3
£3,25004/240.15 miFirst Avenue, Hove3
£3,20009/250.15 miFirst Avenue, Hove3
£2,75009/250.16 miHamilton Mansions, 17-19 Kings Gardens, BN33
£2,25008/250.16 miFlat 7 Princes Court, 11 First Avenue, Hove3
£2,49503/240.16 miFourth Avenue, Hove3
£2,40010/250.16 miFirst Avenue, Hove3
£2,40003/240.17 miFirst Avenue, Hove, BN3 2FF3
£1,60003/240.17 miWilbury Road, HOVE3
£3,00010/250.17 miMedina Villas, Hove3
£2,40010/250.17 miFirst Avenue, Hove3
£3,10003/240.19 mi10 first avenue, HOVE , BN3 2FE3
£3,10003/240.19 mi10 first avenue, BN3 2FE3
£2,40011/250.19 miFirst Avenue, Hove, BN33
£2,90011/250.19 miFirst Avenue, Hove, BN33
£3,00008/250.19 miQueens Gardens, Hove3
£1,99510/250.2 miMedina Villas, Hove, Hove, BN33
£1,65004/240.2 miVentnor Villas, Hove, East Sussex, BN33
£2,15010/250.2 miMedina Villas, Hove3
£2,40003/240.21 miAdelaide Mansions, Hove, East Sussex, BN33
£2,19703/240.22 miAdelaide Crescent, Hove, East Sussex, BN33
£2,35012/240.22 miSt. Johns Road, Hove, BN33
£2,20012/240.22 mi-3
£3,25012/240.23 mi-3
£2,60009/250.23 mi-3

Local Area Statistics

Population in BN3

79,564

Population in Hove

79,573

Town centre distance

1.04 miles away

Nearest school

0.40 miles away

Nearest train station

0.60 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £550,000

February 16, 2024

Floor Plans

Property image

Description

  • Three Double Bedrooms +
  • Balcony +
  • Private Garage +
  • Replacement Boiler & Radiator System (2021) +
  • Extremely Well Presented +
  • Communal Bike storage +
  • Share Of Freehold (970 Years Remaining on Flat) +
  • Communal Vehicle Parking +

Fantastic apartment occupying part of the first floor of this popular, well managed building in one of the City's most sought after locations.

This superb apartment has been modernised in recent years, providing beautifully presented, bright and spacious accommodation comprising; three double bedrooms, modern bathroom and sociable living room. The kitchen has a mutli-purpose breakfast bar with solid oak worktops- having two south facing windows providing sunlight throughout the day.

All principle rooms have delightful views over one of Hove's largest, best kept front gardens and beyond including attractive Listed Buildings and oblique sea view. The balcony itself is covered and provides the perfect spot to enjoy your surroundings.

The property is sold with a private garage positioned under the building, having electric lighting. There is also unallocated parking available to residents. Additional benefits include a replacement (2021) combi-condensing boiler and radiators, replacement kitchen and bathroom, uPVC double glazing throughout, a resident caretaker, two passenger lifts, communal key access bike storage, CCTV within external areas and entrances. Share of Freehold.

Flat's Service Charge & Reserve Payment for 2023 = £2,550 (this includes water fees – no bill from Southern Water to the flat itself). With a considerable building reserve pot already in place. Subject to potential future change.

Garage Service Charge & Reserve Payment for 2023 = £150. Subject to potential future change.

Agent Details

Nicholas James, Hove

01273 109721

Next Steps?

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