According to the public record, 1, Cheyne Court 29, Shoreham-By-Sea is a mid-century leasehold apartment with 592 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Cheyne Court, Rectory Road, Shoreham-By-Sea, BN43.
Rectory Road, Shoreham-By-Sea, BN43 is located in the borough of Adur within the BN43 postal district.
1, Cheyne Court 29, Shoreham-By-Sea has 41 entries in the Land Registry database, most recently in May 2022 and a single entry in the EPC database dated September 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Cheyne Court 29 Shoreham-By-Sea as £224,557 and the rental value as £1,099 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 1 Cheyne Court 29 Shoreham-By-Sea has increased by £1,249 (0.6%) and its rental value has increased by £68 per month (6.1%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 1, Cheyne Court 29, Shoreham-By-Sea is in very good condition we estimate a sale value of £235,784 and rental value of £1,154 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £208,838 and a rental value of £1,022 per month.
If you were able to purchase this property for the estimated value of £224,557, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,104 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 1, Cheyne Court 29, Shoreham-By-Sea was last sold on 19 May 2022 for £231,235 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since May 2022, the market for similar properties has dropped 6.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Cheyne Court 29, Shoreham-By-Sea within a radius of 590 metres over the last 2 years.
The most recent example is 3 Montague Court, Rectory Road, Shoreham-By-Sea, BN43 6EL, a Leasehold flat which sold for £237,000 in Jun 2021.
Read more about house prices in BN43.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Rectory Road, Shoreham-By-Sea, BN43 has a total of 62 addresses. According to our analysis of all the public data, 1, Cheyne Court 29, Shoreham-By-Sea is the 60th largest and the 58th most expensive property on the street.
When compared to the postcode district it is £227k less expensive than the average property in BN43.
1, Cheyne Court 29, Shoreham-By-Sea has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 19 Sep 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 1, Cheyne Court 29, Shoreham-By-Sea is Southwick station which is 700 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 1, Cheyne Court 29, Shoreham-By-Sea, 45.1% of property is privately owned outright and 36.1% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 1, Cheyne Court 29, Shoreham-By-Sea, 22.0% of residents are recorded as possessing school level qualifications and 30.4% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 1, Cheyne Court 29, Shoreham-By-Sea, the average age was 40.9 and the most common age was 7.
The graph below shows how this compares to South East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 1, Cheyne Court 29, Shoreham-By-Sea, 0.0% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 1, Cheyne Court 29, Shoreham-By-Sea, there are an average of 1.3 cars per household.
See below for how this compares to South East and the rest of England & Wales.