According to the public record, 56, Channings 215, Hove is a mid-century leasehold apartment with 839 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Channings, Kingsway, Hove, BN3.
Kingsway, Hove, BN3 is located within the BN3 postal district.
56, Channings 215, Hove has 41 entries in the Land Registry database, most recently in December 2021 and a single entry in the EPC database dated May 2014.
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 56 Channings 215 Hove as £350,422 and the rental value as £1,656 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 56 Channings 215 Hove has decreased by £1,550 (0.4%) and its rental value has increased by £127 per month (7.7%).
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 56, Channings 215, Hove is in very good condition we estimate a sale value of £367,943 and rental value of £1,738 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £325,892 and a rental value of £1,540 per month.
If you were able to purchase this property for the estimated value of £350,422, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,722 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, 56, Channings 215, Hove was last sold on 17 Dec 2021 for £330,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Dec 2021, the market for similar properties has risen 0.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 56, Channings 215, Hove within a radius of 470 metres over the last 2 years.
The most recent example is 14, Channings 215, Kingsway, Hove, BN3 4FT, a Leasehold flat which sold for £360,000 in Feb 2022.
Read more about house prices in BN3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Kingsway, Hove, BN3 has a total of 955 addresses. According to our analysis of all the public data, 56, Channings 215, Hove is the 395th largest and the 548th most expensive property on the street.
When compared to the postcode district it is £149k less expensive than the average property in BN3.
56, Channings 215, Hove has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 07 May 2014.
The property is connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 56, Channings 215, Hove is Aldrington station which is 1.2 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 56, Channings 215, Hove, 48.7% of property is privately rented and 29.6% 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 56, Channings 215, Hove, 10.4% of residents are recorded as possessing school level qualifications and 53.5% 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 56, Channings 215, Hove, the average age was 43 and the most common age was 52.
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 56, Channings 215, Hove, 0.8% 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 56, Channings 215, Hove, there are an average of 0.7 cars per household.
See below for how this compares to South East and the rest of England & Wales.