According to the public record, 1, Madeira Avenue, Horsham is a period Leasehold apartment with 527 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 1, Madeira Avenue, Horsham, RH12.
Madeira Avenue, Horsham, RH12 is located in the borough of Horsham within the RH12 postal district.
1, Madeira Avenue, Horsham has a single entry in the Land Registry database from November 2016 and a single entry in the EPC database dated January 2023.
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 Madeira Avenue Horsham as £369,125 and the rental value as £1,587 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 1 Madeira Avenue Horsham has increased by £11,059 (3.0%) and its rental value has increased by £99 per month (6.2%).
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, Madeira Avenue, Horsham is in very good condition we estimate a sale value of £387,581 and rental value of £1,666 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £343,286 and a rental value of £1,476 per month.
If you were able to purchase this property for the estimated value of £369,125, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,814 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, Madeira Avenue, Horsham was last sold on 29 Nov 2016 for £340,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Nov 2016, the market for similar properties has risen 7.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Madeira Avenue, Horsham within a radius of 530 metres over the last 2 years.
The most recent example is Corner Mews, Chichester Terrace, Horsham, RH12 1DB, a Leasehold flat which sold for £350,000 in May 2024.
Read more about house prices in RH12.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Madeira Avenue, Horsham, RH12 has a total of 23 addresses. According to our analysis of all the public data, 1, Madeira Avenue, Horsham is the 23rd largest and the 22nd most expensive property on the street.
When compared to the postcode district it is £89k less expensive than the average property in RH12.
1, Madeira Avenue, Horsham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 13 Jan 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 1, Madeira Avenue, Horsham is Horsham station which is 500 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 1, Madeira Avenue, Horsham, 35.4% of property is socially rented and 24.8% 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, Madeira Avenue, Horsham, 15.9% of residents are recorded as possessing school level qualifications and 33.5% 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, Madeira Avenue, Horsham, the average age was 42.1 and the most common age was 32.
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, Madeira Avenue, Horsham, 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, Madeira Avenue, Horsham, there are an average of 1.1 cars per household.
See below for how this compares to South East and the rest of England & Wales.