According to the public record, 18 Somerhill Lodge, Hove is a mid-century apartment with 538 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Somerhill Lodge, Somerhill Road, Hove, BN3.
Somerhill Road, Hove, BN3 is located within the BN3 postal district.
18 Somerhill Lodge, Hove has no records in the Land Registry database and a single entry in the EPC database dated December 2014.
We combine this information with public data 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 18 Somerhill Lodge Hove as £270,938 and the rental value as £1,349 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 18 Somerhill Lodge Hove has increased by £5,990 (2.2%) and its rental value has increased by £139 per month (10.3%).
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 18 Somerhill Lodge, Hove is in very good condition we estimate a sale value of £284,485 and rental value of £1,416 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £251,973 and a rental value of £1,254 per month.
If you were able to purchase this property for the estimated value of £270,938, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,332 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 18 Somerhill Lodge, Hove within a radius of 230 metres over the last 2 years.
The most recent example is 133A Furze Croft, Furze Hill, Hove, BN3 1PF, a Leasehold flat which sold for £207,500 in Aug 2023.
Read more about house prices in BN3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Somerhill Road, Hove, BN3 has a total of 134 addresses. According to our analysis of all the public data, 18 Somerhill Lodge, Hove is the 111th largest and the 126th most expensive property on the street.
When compared to the postcode district it is £228k less expensive than the average property in BN3.
18 Somerhill Lodge, Hove has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 01 Dec 2014.
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 18 Somerhill Lodge, Hove is Hove station which is 1.1 kilometres 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 18 Somerhill Lodge, Hove, 47.6% of property is privately rented and 23.0% 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 18 Somerhill Lodge, Hove, 15.8% of residents are recorded as possessing school level qualifications and 55.6% 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 18 Somerhill Lodge, Hove, the average age was 40.7 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 18 Somerhill Lodge, Hove, 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 18 Somerhill Lodge, 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.