According to the public record, 5 Westmoreland Court, Hove is a early-century leasehold apartment with 753 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Westmoreland Court, Goldsmid Road, Hove, BN3.
Goldsmid Road, Hove, BN3 is located within the BN3 postal district.
5 Westmoreland Court, Hove has 51 entries in the Land Registry database, most recently in July 2018 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 5 Westmoreland Court Hove as £304,570 and the rental value as £1,519 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 5 Westmoreland Court Hove has increased by £7,910 (2.6%) and its rental value has increased by £151 per month (9.9%).
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 5 Westmoreland Court, Hove is in very good condition we estimate a sale value of £319,798 and rental value of £1,595 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £283,250 and a rental value of £1,413 per month.
If you were able to purchase this property for the estimated value of £304,570, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,497 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, 5 Westmoreland Court, Hove was last sold on 13 Jul 2018 for £320,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Jul 2018, the market for similar properties has risen 10.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5 Westmoreland Court, Hove within a radius of 260 metres over the last 2 years.
The most recent example is 7 Westmoreland Court, Goldsmid Road, Hove, BN3 1QE, a Leasehold flat which sold for £312,500 in Sep 2021.
Read more about house prices in BN3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Goldsmid Road, Hove, BN3 has a total of 109 addresses. According to our analysis of all the public data, 5 Westmoreland Court, Hove is the 40th largest and the 94th most expensive property on the street.
When compared to the postcode district it is £195k less expensive than the average property in BN3.
5 Westmoreland Court, Hove has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 19 Aug 2013.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to 5 Westmoreland Court, Hove is Brighton 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 5 Westmoreland Court, Hove, 45.5% of property is privately rented and 36.4% is socially 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 5 Westmoreland Court, Hove, 9.5% 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 5 Westmoreland Court, Hove, the average age was 37.5 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 5 Westmoreland 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 5 Westmoreland Court, Hove, there are an average of 0.3 cars per household.
See below for how this compares to South East and the rest of England & Wales.