According to the public record, 7, Merlin Close, Hove is a mid-century freehold house with 1,313 ft2 of internal area and sits on a 184 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Merlin Close, Hove, BN3 is located within the BN3 postal district.
7, Merlin Close, Hove has 2 entries in the Land Registry database, most recently in March 2022 and a single entry in the EPC database dated July 2017.
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 7 Merlin Close Hove as £662,532 and the rental value as £2,925 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of 7 Merlin Close Hove has increased by £9,458 (1.4%) and its rental value has increased by £262 per month (9.0%).
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 7, Merlin Close, Hove is in very good condition we estimate a sale value of £695,658 and rental value of £3,071 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £616,154 and a rental value of £2,720 per month.
If you were able to purchase this property for the estimated value of £662,532, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,256 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 data from HM Land Registry, 7, Merlin Close, Hove sits on a plot of 184m2.
We have plot size data on 10 out of 12 other houses in the postcode and 7, Merlin Close, Hove sits on the 5th largest plot.
According to HM Land Registry, 7, Merlin Close, Hove was last sold on 21 Mar 2022 for £675,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Mar 2022, the market for similar properties has dropped 2.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Merlin Close, Hove within a radius of 530 metres over the last 2 years.
The most recent example is 6, Merlin Close, Hove, BN3 6NU, a Freehold house which sold for £732,000 in Oct 2023.
Read more about house prices in BN3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Merlin Close, Hove, BN3 has a total of 12 addresses. According to our analysis of all the public data, 7, Merlin Close, Hove is the 5th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £163k more expensive than the average property in BN3.
7, Merlin Close, Hove has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 24 Jul 2017.
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 7, Merlin Close, Hove is Preston Park station which is 800 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 7, Merlin Close, Hove, 39.1% of property is privately owned outright and 33.1% 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 7, Merlin Close, Hove, 20.8% of residents are recorded as possessing school level qualifications and 53.0% 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 7, Merlin Close, Hove, the average age was 40.3 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 7, Merlin Close, Hove, 0.4% 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 7, Merlin Close, Hove, there are an average of 1.1 cars per household.
See below for how this compares to South East and the rest of England & Wales.