According to the public record, 2 Cranley Court, Hove is a early-century leasehold apartment with 914 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
The apartment is in Cranley Court, Aldrington Close, Hove, BN3.
Aldrington Close, Hove, BN3 is located within the BN3 postal district.
2 Cranley Court, Hove has 31 entries in the Land Registry database, most recently in August 2020 and a single entry in the EPC database dated August 2013.
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 2 Cranley Court Hove as £366,953 and the rental value as £1,830 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 2 Cranley Court Hove has increased by £7,850 (2.1%) and its rental value has increased by £189 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 2 Cranley Court, Hove is in very good condition we estimate a sale value of £385,301 and rental value of £1,922 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £341,267 and a rental value of £1,702 per month.
If you were able to purchase this property for the estimated value of £366,953, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,803 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, 2 Cranley Court, Hove was last sold on 05 Aug 2020 for £335,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Aug 2020, the market for similar properties has risen 10.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2 Cranley Court, Hove within a radius of 470 metres over the last 2 years.
The most recent example is 5, Mornington Mansions, Hove, BN3 4JS, a Leasehold flat which sold for £325,000 in Oct 2023.
Read more about house prices in BN3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Aldrington Close, Hove, BN3 has a total of 39 addresses. According to our analysis of all the public data, 2 Cranley Court, Hove is the largest and the most expensive property on the street.
When compared to the postcode district it is £132k less expensive than the average property in BN3.
2 Cranley Court, Hove has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 16 Aug 2013.
The property is not connected to mains gas and has fully double glazed windows. It is heated using a community scheme.
The closest station to 2 Cranley Court, Hove is Portslade station which is 500 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 2 Cranley Court, Hove, 37.6% of property is privately rented and 29.9% 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 2 Cranley Court, Hove, 24.9% of residents are recorded as possessing school level qualifications and 54.7% 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 2 Cranley Court, Hove, the average age was 38.8 and the most common age was 47.
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 2 Cranley Court, 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 2 Cranley Court, Hove, there are an average of 0.9 cars per household.
See below for how this compares to South East and the rest of England & Wales.