According to the public record, 1 Lorraine Court, Osborne Villas, Hove is a period leasehold apartment with 667 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 1, Osborne Villas, Hove, BN3.
Osborne Villas, Hove, BN3 is located within the BN3 postal district.
1 Lorraine Court, Osborne Villas, Hove has 31 entries in the Land Registry database, most recently in September 2007 and a single entry in the EPC database dated October 2022.
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 Lorraine Court Osborne Villas Hove as £279,302 and the rental value as £1,424 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of 1 Lorraine Court Osborne Villas Hove has increased by £5,868 (2.1%) and its rental value has increased by £150 per month (10.5%).
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 Lorraine Court, Osborne Villas, Hove is in very good condition we estimate a sale value of £293,267 and rental value of £1,495 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £259,751 and a rental value of £1,324 per month.
If you were able to purchase this property for the estimated value of £279,302, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,373 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 Lorraine Court, Osborne Villas, Hove was last sold on 27 Sep 2007 for £205,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Sep 2007, the market for similar properties has risen 49.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1 Lorraine Court, Osborne Villas, Hove within a radius of 270 metres over the last 2 years.
The most recent example is Flat 3, Osborne Mansions 17, St. Catherines Terrace, Hove, BN3 2RH, a Leasehold flat which sold for £280,000 in Nov 2023.
Read more about house prices in BN3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Osborne Villas, Hove, BN3 has a total of 153 addresses. According to our analysis of all the public data, 1 Lorraine Court, Osborne Villas, Hove is the 75th largest and the 138th most expensive property on the street.
When compared to the postcode district it is £220k less expensive than the average property in BN3.
1 Lorraine Court, Osborne Villas, Hove has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 04 Oct 2022.
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 Lorraine Court, Osborne Villas, Hove is Hove station which is 900 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 Lorraine Court, Osborne Villas, Hove, 70.6% of property is privately rented and 14.3% 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 Lorraine Court, Osborne Villas, Hove, 9.7% of residents are recorded as possessing school level qualifications and 54.8% 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 Lorraine Court, Osborne Villas, Hove, the average age was 39.7 and the most common age was 27.
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 Lorraine Court, Osborne Villas, Hove, 0.5% 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 Lorraine Court, Osborne Villas, Hove, there are an average of 0.6 cars per household.
See below for how this compares to South East and the rest of England & Wales.