According to the public record, 1 Valverde House, Hove is a mid-century leasehold apartment with 581 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Valverde House, Eaton Gardens, Hove, BN3.
Eaton Gardens, Hove, BN3 is located within the BN3 postal district.
1 Valverde House, Hove has 31 entries in the Land Registry database, most recently in November 2017 and a single entry in the EPC database dated May 2018.
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 Valverde House Hove as £285,541 and the rental value as £1,418 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 1 Valverde House Hove has decreased by £770 (0.3%) and its rental value has increased by £112 per month (7.9%).
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 Valverde House, Hove is in very good condition we estimate a sale value of £299,818 and rental value of £1,489 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £265,553 and a rental value of £1,319 per month.
If you were able to purchase this property for the estimated value of £285,541, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,403 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 Valverde House, Hove was last sold on 20 Nov 2017 for £255,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Nov 2017, 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 Valverde House, Hove within a radius of 260 metres over the last 2 years.
The most recent example is 16 Bramber Court, Eaton Gardens, Hove, BN3 3TS, a Leasehold flat which sold for £260,100 in Feb 2022.
Read more about house prices in BN3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Eaton Gardens, Hove, BN3 has a total of 377 addresses. According to our analysis of all the public data, 1 Valverde House, Hove is the 306th largest and the 323rd most expensive property on the street.
When compared to the postcode district it is £214k less expensive than the average property in BN3.
1 Valverde House, Hove has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 01 May 2018.
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 Valverde House, Hove is Hove station which is 400 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 Valverde House, Hove, 47.9% of property is privately rented and 30.1% is privately owned outright.
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 Valverde House, Hove, 9.3% of residents are recorded as possessing school level qualifications and 59.3% 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 Valverde House, Hove, the average age was 39.1 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 Valverde House, Hove, 1.4% 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 Valverde House, Hove, there are an average of 0.7 cars per household.
See below for how this compares to South East and the rest of England & Wales.