According to the public record, 15, Grove Court 37-39, Hove is a mid-century leasehold apartment with 721 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Grove Court, The Drive, Hove, BN3.
The Drive, Hove, BN3 is located within the BN3 postal district.
15, Grove Court 37-39, Hove has 31 entries in the Land Registry database, most recently in May 2021 and a single entry in the EPC database dated January 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 15 Grove Court 37-39 Hove as £333,721 and the rental value as £1,578 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 15 Grove Court 37-39 Hove has decreased by £2,248 (0.7%) and its rental value has increased by £118 per month (7.5%).
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 15, Grove Court 37-39, Hove is in very good condition we estimate a sale value of £350,408 and rental value of £1,657 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £310,361 and a rental value of £1,468 per month.
If you were able to purchase this property for the estimated value of £333,721, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,640 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, 15, Grove Court 37-39, Hove was last sold on 21 May 2021 for £275,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since May 2021, the market for similar properties has risen 2.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 15, Grove Court 37-39, Hove within a radius of 240 metres over the last 2 years.
The most recent example is 21, Bowen Court 31-35, The Drive, Hove, BN3 3JF, a Leasehold flat which sold for £330,000 in Sep 2023.
Read more about house prices in BN3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Drive, Hove, BN3 has a total of 907 addresses. According to our analysis of all the public data, 15, Grove Court 37-39, Hove is the 425th largest and the 445th most expensive property on the street.
When compared to the postcode district it is £166k less expensive than the average property in BN3.
15, Grove Court 37-39, Hove has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 06 Jan 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to 15, Grove Court 37-39, Hove is Hove station which is 600 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 15, Grove Court 37-39, Hove, 61.3% of property is privately rented and 18.8% 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 15, Grove Court 37-39, Hove, 15.9% of residents are recorded as possessing school level qualifications and 58.3% 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 15, Grove Court 37-39, 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 15, Grove Court 37-39, Hove, 1.8% 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 15, Grove Court 37-39, 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.