According to the public record, 2 Mercury House, Shoreham-By-Sea is a modern leasehold apartment with 624 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Mercury House, Ham Road, Shoreham-By-Sea, BN43.
Ham Road, Shoreham-By-Sea, BN43 is located in the borough of Adur within the BN43 postal district.
2 Mercury House, Shoreham-By-Sea has 2 entries in the Land Registry database, most recently in March 2021 and a single entry in the EPC database dated April 2019.
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 Mercury House Shoreham-By-Sea as £251,725 and the rental value as £1,176 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 2 Mercury House Shoreham-By-Sea has decreased by £2,488 (1.0%) and its rental value has increased by £46 per month (3.9%).
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 2 Mercury House, Shoreham-By-Sea is in very good condition we estimate a sale value of £264,311 and rental value of £1,235 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £234,104 and a rental value of £1,094 per month.
If you were able to purchase this property for the estimated value of £251,725, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,237 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 Mercury House, Shoreham-By-Sea was last sold on 12 Mar 2021 for £227,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Mar 2021, the market for similar properties has risen 3.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2 Mercury House, Shoreham-By-Sea within a radius of 510 metres over the last 2 years.
The most recent example is 4 Mercury House, Ham Road, Shoreham-By-Sea, BN43 6EW, a Leasehold flat which sold for £262,500 in Nov 2021.
Read more about house prices in BN43.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Ham Road, Shoreham-By-Sea, BN43 has a total of 70 addresses. According to our analysis of all the public data, 2 Mercury House, Shoreham-By-Sea is the 43rd largest and the 45th most expensive property on the street.
When compared to the postcode district it is £200k less expensive than the average property in BN43.
2 Mercury House, Shoreham-By-Sea has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 24 Apr 2019.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to 2 Mercury House, Shoreham-By-Sea is Shoreham-by-Sea station which is 200 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 Mercury House, Shoreham-By-Sea, 39.8% of property is socially rented and 37.8% is privately rented.
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 Mercury House, Shoreham-By-Sea, 11.6% of residents are recorded as possessing school level qualifications and 34.0% 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 Mercury House, Shoreham-By-Sea, the average age was 44.9 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 Mercury House, Shoreham-By-Sea, 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 Mercury House, Shoreham-By-Sea, there are an average of 0.8 cars per household.
See below for how this compares to South East and the rest of England & Wales.