3 bed terraced house for sale in Clarendon Road, Hove BN3, £440,000

440,000.00

Offer Nr.:
62393294
Type of ad:
for Sale
Property type:
3 bed terraced house
Bedrooms:
3
Bathrooms:
2
Reception rooms:
1
Contact name:
Coapt
Phone(s):
01273 083242

* Unfurnished
* Freehold
* Large 3 story terraced house
* Freehold
* Currently split as two rental flats
* Basement studio apartment and 2 Bed Maisonette
* £1, 800 pcm total gross rental incomes
* Scope for large increase in rental with improvement
* Option to re - convert to a single large family home or rental
* Asking price £440, 000
Large Freehold property for sale in Central Hove, with huge potential as an
Investment property or a family home. The building is currently configured as
two flats. Both let to long term professional tenants, allowing for immediate
income to investment buyers, though there is the opportunity to greatly
increase rental yield with modernisation.
The lower flat is a well sized studio apartment with its own below street
level entrance. The bed/living room greets you right inside the door. To the
rear of the flat is the kitchen overlooking the garden, to which only the
basement flat has access. The bathroom lies off of the kitchen and hosts a
bath and shower. Within the kitchen remains the internal stairs that
previously connected the two flats. A plaster wall now splits them at the
ground floor level. This allows for easy reconfiguration into a single
dwelling, or kept as is, allows for separate rental of each unit.
The top flat is accessed at just above street level, with the large open plan
living and kitchen taking up most of the ground floor. To the first floor are
the two double bedrooms to the front and rear, as well as the family sized
bathroom.
Both flats are currently let to professional tenants, with the basement and
maisonette returning £800 and £1, 000 gross rental per month respectively.
This fantastic large town house is the perfect blank canvas for residential
buyers looking for the option to fully control a redesign to make their
perfect home, or a below market value investment, with the opportunity for a
large yield by improving the condition and therefore rental. The property
could be retained as two flats, or reconfigured as

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