According to the public record, 55 House, Hove is a mid-century leasehold apartment with 570 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Furze Hill House, Furze Hill, Hove, BN3.
Furze Hill, Hove, BN3 is located within the BN3 postal district.
55 House, Hove has 2 entries in the Land Registry database, most recently in October 2023 and a single entry in the EPC database dated May 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 55 House Hove as £299,172 and the rental value as £1,423 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 55 House Hove has decreased by £636 (0.2%) and its rental value has increased by £103 per month (7.2%).
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 55 House, Hove is in very good condition we estimate a sale value of £314,131 and rental value of £1,494 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £278,230 and a rental value of £1,323 per month.
If you were able to purchase this property for the estimated value of £299,172, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,470 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, 55 House, Hove was last sold on 09 Oct 2023 for £338,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Oct 2023, the market for similar properties has risen 0.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 55 House, Hove within a radius of 300 metres over the last 2 years.
The most recent example is 16, Furze Hill House, Furze Hill, Hove, BN3 1PU, a Leasehold flat which sold for £340,000 in Aug 2022.
Read more about house prices in BN3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Furze Hill, Hove, BN3 has a total of 440 addresses. According to our analysis of all the public data, 55 House, Hove is the 324th largest and the 324th most expensive property on the street.
When compared to the postcode district it is £200k less expensive than the average property in BN3.
55 House, Hove has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 24 May 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 55 House, Hove is Brighton station which is 1.0 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 55 House, Hove, 41.1% of property is privately rented and 30.1% 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 55 House, Hove, 14.8% of residents are recorded as possessing school level qualifications and 63.6% 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 55 House, 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 55 House, Hove, 1.4% 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 55 House, Hove, 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.