# High street retail property to lease (BN3 5QN)

## Property Details

| Key | Value |
|-----|-------|
| Address | FLAT 4, 186 - 188, PORTLAND ROAD, HOVE, BRIGHTON AND HOVE BN3 5QN |
| Price | £1,667 pcm |
| Construction age | England and Wales: 2007-2011 |
| Floor area | 42 m² |
| Last sold | £180,000 Aug 2011 |

## EPC Rating & Upgrade Cost

- **Current rating:** C
- **Potential rating:** C
- **Expiry date:** 23/11/2030
- **Current heating cost:** £201/year

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/2549-3901-4209-1500-7200)

## Description

Description

A chance to occupy this large E class premises within Portland Road, one of the main commercial thoroughfares of Hove.  The premises benefits from a 44ft return frontage and is configured as mostly open plan with front reception area and main trading space behind, alongside w/c facilities.  To the rear is an enclosed yard with roller shutter access from both the property and Titian Road.

Location

Situated on the southern side of Portland Road, Hove.  Aldrington and Portslade Station are close by, and local traders include Ackerman Music, The Stoneham, Quaff Wine, Danny’s Restaurant, Kamsons Pharmacy and Hove Dental Clinic.

Terms

Available by way of a lease assignment with the property held on an effective full repairing and insuring lease for term of 12 years dated June 2021, expiring June 2033.  The current passing rent is £20,000 per annum exclusive.  There is a tenant only break dated 2 June 2029.

## Property Photos

- ![Details Main.jpeg](/listings/photos/168421040/265467) - Details Main.jpeg
- ![Internal 1.jpeg](/listings/photos/168421040/265469) - Internal 1.jpeg
- ![Internal 2.jpeg](/listings/photos/168421040/265471) - Internal 2.jpeg
- ![IMG_8486.jpeg](/listings/photos/168421040/265473) - IMG_8486.jpeg
- ![IMG_8487.jpeg](/listings/photos/168421040/265475) - IMG_8487.jpeg
- ![IMG_8491.jpeg](/listings/photos/168421040/265477) - IMG_8491.jpeg
- ![IMG_8492.jpeg](/listings/photos/168421040/265479) - IMG_8492.jpeg
- ![IMG_8494.jpeg](/listings/photos/168421040/265482) - IMG_8494.jpeg
- ![IMG_8495.jpeg](/listings/photos/168421040/265484) - IMG_8495.jpeg
- ![IMG_8498.jpeg](/listings/photos/168421040/265487) - IMG_8498.jpeg
- ![IMG_8499.jpeg](/listings/photos/168421040/265490) - IMG_8499.jpeg

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 186 - 188 FLAT 4 PORTLAND ROAD, HOVE, BRIGHTON AND HOVE, BN3 5QN | £180,000 | 30/08/2011 | Flat |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 178A PORTLAND ROAD, HOVE, BRIGHTON AND HOVE, BN3 5QN | £365,000 | 31/03/2025 | Other |
| 190 PORTLAND ROAD, HOVE, BRIGHTON AND HOVE, BN3 5QN | £110,000 | 18/05/2022 | Other |
| 179 GARAGES TO THE NORTH OF PORTLAND ROAD, HOVE, BRIGHTON AND HOVE, BN3 5QJ | £50,000 | 22/09/2021 | Other |

**Area average:** £175,000 (3 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £423,846 (13 Other, BN3, 2024–2026)
- **Deviation:** -99.6%

## Rental Range

*ONS Price Index of Private Rents (Brighton and Hove). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £1,640/mo
- **Realistic:** £1,822/mo
- **Optimistic:** £2,004/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Brighton and Hove (Apr 2025 – Mar 2026).*

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area. Bedroom counts vary — use the Beds column to compare like-for-like lets. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 2 Bed Flat, The Priory, BN3 | £1,450/mo | 2 | 0.8 miles | OpenRent |

**Average rent: £1,450/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 86.98% (strong)
- **Max investor price (0.8%):** £181,250
- **Target investor price (1%):** £145,000

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £1,450/mo).*

- **Gross yield:** 1043.8%
- **Cost-to-rent:** 0.1×
- **Monthly cashflow:** £1,273/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 3161%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Price per Square Metre

- **£/m²:** £40/m²

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** 17.8%
- **10y growth:** -51.5%

## House Price Index (HM Land Registry)

*Official index for Brighton and Hove; All dwelling types series; as of March 2026.*

- **1y growth (index):** -3.4%
- **5y growth (index):** 5.4%
- **10y growth (index):** 23.1%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)