According to the public record, 40 Homedane House, Hastings is a modern leasehold apartment with 484 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Homedane House, Denmark Place, Hastings, TN34.
Denmark Place, Hastings, TN34 is located in the borough of Hastings within the TN34 postal district.
40 Homedane House, Hastings has 31 entries in the Land Registry database, most recently in October 2022 and a single entry in the EPC database dated November 2016.
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 40 Homedane House Hastings as £123,106 and the rental value as £749 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of 40 Homedane House Hastings has increased by £48 (0.0%) and its rental value has increased by £23 per month (3.0%).
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 40 Homedane House, Hastings is in very good condition we estimate a sale value of £129,262 and rental value of £786 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £114,489 and a rental value of £696 per month.
If you were able to purchase this property for the estimated value of £123,106, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £605 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, 40 Homedane House, Hastings was last sold on 25 Oct 2022 for £80,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Oct 2022, the market for similar properties has dropped 6.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40 Homedane House, Hastings within a radius of 480 metres over the last 2 years.
The most recent example is 6 Homedane House, Denmark Place, Hastings, TN34 1PQ, a Leasehold flat which sold for £115,000 in Jul 2023.
Read more about house prices in TN34.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Denmark Place, Hastings, TN34 has a total of 57 addresses. According to our analysis of all the public data, 40 Homedane House, Hastings is the 20th largest and the 17th most expensive property on the street.
When compared to the postcode district it is £193k less expensive than the average property in TN34.
40 Homedane House, Hastings has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 01 Nov 2016.
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 40 Homedane House, Hastings is Hastings 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 40 Homedane House, Hastings, 44.3% of property is privately owned outright and 40.9% 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 40 Homedane House, Hastings, 5.6% of residents are recorded as possessing school level qualifications and 33.8% 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 40 Homedane House, Hastings, the average age was 40.9 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 40 Homedane House, Hastings, 0.9% 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 40 Homedane House, Hastings, there are an average of 0.4 cars per household.
See below for how this compares to South East and the rest of England & Wales.