# 1 bedroom flat for sale (BN3 1FR) ## Property Details | Key | Value | |-----|-------| | Address | FIRST FLOOR FLAT, 38 LANSDOWNE STREET, HOVE, BRIGHTON AND HOVE BN3 1FR | | Price | £150,000 | | Bedrooms | 1 | | Bathrooms | 1 | | Council tax | A | | Last sold | £165,000 Jan 2026 | ## Description **SUMMARY** AUCTION SALE 16 December 2025 - Long Leasehold First Floor Flat Requires Updating and Modernisation Full Vacant Possession TO SELL YOUR PROPERTY IN OUR NEXT AUCTION CALL US NOW **DESCRIPTION** IMPORTANT ANNOUNCEMENT UPLOADED THERE IS AN ANNOUNCEMENT RELATING TO THIS LOT THIS HAS BEEN ADDED TO THE LEGAL PACK. IF YOU ARE BIDDING YOU ARE DEEMED TO HAVE KNOWLEDGE OF THIS ANNOUNCEMENT TOGETHER WITH ALL OTHER LEGAL DOCUMENTS AND SPECIAL CONDITIONS OF SALE. Announcement Please see the “ANNOUNCEMENT” on the Legal Docs. There are revised special conditions of sale for this lot, copies of which are available from the Auctioneers website and a copy will be attached to the contract Long Leasehold First Floor Flat Requires Updating and Modernisation Full Vacant Possession 3D Tour: Click Here Location: Set a little way back from the seafront, Lansdowne Street runs parallel to part of Lansdowne Place 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. Description: The property forms part of this traditional mid terrace house and comprises a first floor self-contained flat accessed off the communal entrance, hallways and stairs. Internally it is offered in dated condition and now requires refurbishment and modernisation but, has the benefit of a long lease and a peppercorn ground rent. Accommodation: Entrance Hallway, One Bedroom, Reception Room, Kitchen, Bathroom/wc EPC Rating: E Council Tax Band: A Tenure: Held on an extended lease for a term of 189 years from 25/12/1982 (approx. 147 years unexpired) at a peppercorn ground rent. To view: 5/12, 10/12, 13/12, 15/12 at 10am No booking required - Please arrive at the time stated Important Notice: For each Lot, a contract documentation fee of £1,500 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this. The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price. Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at. When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this. Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers. Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk. 1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale. 2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property. 3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture. 4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase. 5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY. 1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale. 2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property. 3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture. 4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase. 5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY. ## Property Photos - ![Photo](/listings/photos/169809680/254815) - ![Photo](/listings/photos/169809680/254816) - ![Photo](/listings/photos/169809680/254817) - ![Photo](/listings/photos/169809680/254818) - ![Photo](/listings/photos/169809680/254819) ## Floorplans - ![Floorplan 1](/listings/photos/169809680/254820) - Floorplan 1 ## EPC Graphs - ![EPC](/listings/photos/169809680/254821) - EPC ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | 38 FIRST FLOOR FLAT LANSDOWNE STREET, HOVE, BRIGHTON AND HOVE, BN3 1FR | £165,000 | 16/01/2026 | Flat | | 38 FIRST FLOOR FLAT LANSDOWNE STREET, HOVE, BRIGHTON AND HOVE, BN3 1FR | £82,000 | 11/03/2011 | 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 | |---------|-------|------|------| | 14 FLAT 1 PALMEIRA AVENUE, HOVE, BRIGHTON AND HOVE, BN3 3GB | £515,000 | 18/12/2025 | Flat | | 59 BASEMENT FLAT BRUNSWICK PLACE, HOVE, BRIGHTON AND HOVE, BN3 1NE | £480,000 | 12/12/2025 | Flat | | GWYDYR MANSIONS FLAT 30 HOLLAND ROAD, HOVE, BRIGHTON AND HOVE, BN3 1JW | £235,000 | 02/12/2025 | Flat | | GWYDYR MANSIONS FLAT 33B HOLLAND ROAD, HOVE, BRIGHTON AND HOVE, BN3 1JW | £290,000 | 25/11/2025 | Flat | | 88 LANSDOWNE PLACE, HOVE, BRIGHTON AND HOVE, BN3 1FH | £250,000 | 24/10/2025 | Flat | | 8 FLAT 1 PALMEIRA AVENUE, HOVE, BRIGHTON AND HOVE, BN3 3GB | £512,000 | 12/09/2025 | Flat | | 24 FLAT 2 LANSDOWNE STREET, HOVE, BRIGHTON AND HOVE, BN3 1FQ | £225,000 | 22/08/2025 | Flat | | 99A LANSDOWNE PLACE, HOVE, BRIGHTON AND HOVE, BN3 1FN | £382,500 | 11/08/2025 | Flat | | 82 - 84 FLAT 5 LANSDOWNE PLACE, HOVE, BRIGHTON AND HOVE, BN3 1FH | £330,000 | 15/12/2023 | Flat | | [Same street] 36 FLAT 3 LANSDOWNE STREET, HOVE, BRIGHTON AND HOVE, BN3 1FR | £225,000 | 15/11/2023 | Flat | | GWYDYR MANSIONS FLAT 33A HOLLAND ROAD, HOVE, BRIGHTON AND HOVE, BN3 1JW | £420,000 | 31/10/2023 | Flat | | 12 FLAT 3 PALMEIRA AVENUE, HOVE, BRIGHTON AND HOVE, BN3 3GB | £425,000 | 25/10/2023 | Flat | | PALMEIRA PLAZA, 63 FLAT 2 HOLLAND ROAD, HOVE, BRIGHTON AND HOVE, BN3 1BA | £565,000 | 19/10/2023 | Flat | | 49 THIRD & FOURTH FLOOR FLAT 4 BRUNSWICK PLACE, HOVE, BRIGHTON AND HOVE, BN3 1NE | £538,500 | 15/09/2023 | Flat | | PALMEIRA YARD, 75 3 HOLLAND ROAD, HOVE, BRIGHTON AND HOVE, BN3 1JN | £450,000 | 05/06/2023 | Flat | | 5 LANSDOWNE STREET, HOVE, BRIGHTON AND HOVE, BN3 1FS | £716,000 | 24/01/2023 | Flat | | LANSDOWNE MANSIONS, 110 - 112 FLAT 11 LANSDOWNE PLACE, HOVE, BRIGHTON AND HOVE, BN3 1FJ | £366,000 | 22/12/2022 | Flat | | SOMERHILL LODGE FLAT 3 SOMERHILL ROAD, HOVE, BRIGHTON AND HOVE, BN3 1RU | £270,000 | 19/12/2022 | Flat | | 29 FLAT 1 LANSDOWNE STREET, HOVE, BRIGHTON AND HOVE, BN3 1FS | £310,000 | 19/12/2022 | Flat | | 93 FLAT 3 LANSDOWNE PLACE, HOVE, BRIGHTON AND HOVE, BN3 1FN | £435,000 | 15/12/2022 | Flat | | 99 FLAT 4 LANSDOWNE PLACE, HOVE, BRIGHTON AND HOVE, BN3 1FN | £375,000 | 13/12/2022 | Flat | | [Same street] 64 FIRST FLOOR FLAT LANSDOWNE STREET, HOVE, BRIGHTON AND HOVE, BN3 1FR | £235,000 | 18/08/2022 | Flat | | [Same street] 60 FLAT 4 LANSDOWNE STREET, HOVE, BRIGHTON AND HOVE, BN3 1FR | £390,000 | 01/04/2022 | Flat | | [Same street] 64A LANSDOWNE STREET, HOVE, BRIGHTON AND HOVE, BN3 1FR | £275,000 | 10/12/2021 | Flat | **Street average:** £281,250 (4 sales) **Area average:** £404,500 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £356,353 (179 Flat, BN3, 2024–2026) - **Deviation:** -57.9% ## 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).* - **LHA floor (this property size):** £918/mo ## Rental Comparables *Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.* | Title | Rent | Beds | Distance | As seen on | |------|------|------|------|------| | Studio Flat, Holland Road, BN3 | £1,000/mo | 1 | 0.06 miles | OpenRent | | Studio Flat, Lansdowne Place, BN3 | £900/mo | 1 | 0.16 miles | OpenRent | | 1 Bed Flat, Deluxe Hotel Rooms, BN3 | £1,095/mo | 1 | 0.24 miles | OpenRent | | Studio Flat, Cross Street, BN3 | £1,040/mo | 1 | 0.29 miles | OpenRent | **Average rent: £1,009/mo (4 listings)** ## 1% Rule - **Rent ratio:** 0.68% (weak for cashflow) - **Max investor price (0.8%):** £127,500 - **Target investor price (1%):** £102,000 *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 £1,020/mo).* - **Gross yield:** 8.2% - **Cost-to-rent:** 12.3× - **Monthly cashflow:** £302/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 8.3% *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).* ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** 2.8% - **10y growth:** 19.5% ## House Price Index (HM Land Registry) *Official index for Brighton and Hove; Flats and maisonettes series; as of March 2026.* - **1y growth (index):** -6% - **5y growth (index):** -1.3% - **10y growth (index):** 13.6% ## 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)