Affordable Housing Options in Hove: Guide for First-Time Buyers
Hove is a sought-after location for homebuyers, thanks to its coastal charm, strong community, and excellent transport links. However, affordability remains a concern for many first-time buyers. Fortunately, there are affordable housing options and government schemes that can help you get on the property ladder in Hove.
🏡 What Is the Average Property Price in Hove?
As of 2025, the average property price in Hove is £450,000. First-time buyers may find it challenging to purchase without financial support.
💡 Tip: Areas like Portslade, West Hove, and Aldrington tend to offer more affordable options than central Hove.
🔹 Government Schemes for First-Time Buyers
1. First Homes Scheme
- Offers 30-50% discounts on new-build homes.
- Available to first-time buyers with incomes below £80,000 (£90,000 in London).
2. Shared Ownership
- Buy 25-75% of a property, pay rent on the rest.
- Option to increase ownership over time.
3. Mortgage Guarantee Scheme
- Enables 95% mortgages (only 5% deposit required).
- Available for homes under £600,000.
🏘️ Most Affordable Areas in Hove for First-Time Buyers
📍 Portslade – Offers lower property prices with easy train access to Brighton & London.
📍 West Hove – Growing in popularity with affordable flats and modern developments.
📍 Aldrington – Close to good schools and transport links, with semi-detached homes at lower prices.
💡 Next Step: Speak to a local mortgage broker to explore affordable options that suit your budget.