According to the public record, 7 Parham House, Hove is a modern leasehold apartment with 753 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Parham House, Chatsworth Square, Hove, BN3.
Chatsworth Square, Hove, BN3 is located within the BN3 postal district.
7 Parham House, Hove has 41 entries in the Land Registry database, most recently in September 2017 and a single entry in the EPC database dated June 2021.
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 Parham House Hove as £365,655 and the rental value as £1,635 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of 7 Parham House Hove has decreased by £2,016 (0.6%) and its rental value has increased by £122 per month (7.5%).
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 Parham House, Hove is in very good condition we estimate a sale value of £383,938 and rental value of £1,717 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £340,059 and a rental value of £1,521 per month.
If you were able to purchase this property for the estimated value of £365,655, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,797 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, 7 Parham House, Hove was last sold on 20 Sep 2017 for £350,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Sep 2017, the market for similar properties has risen 7.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7 Parham House, Hove within a radius of 340 metres over the last 2 years.
The most recent example is Flat 3, Petworth House, Davigdor Road, Hove, BN3 1WG, a Leasehold flat which sold for £360,000 in Apr 2023.
Read more about house prices in BN3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Chatsworth Square, Hove, BN3 has a total of 56 addresses. According to our analysis of all the public data, 7 Parham House, Hove is the 29th largest and the 26th most expensive property on the street.
When compared to the postcode district it is £134k less expensive than the average property in BN3.
7 Parham House, Hove has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 03 Jun 2021.
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 Parham House, Hove is Hove station which is 900 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 Parham House, Hove, 59.2% of property is privately rented and 22.5% 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 7 Parham House, Hove, 18.9% of residents are recorded as possessing school level qualifications and 59.6% 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 7 Parham 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 7 Parham House, Hove, 1.9% 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 7 Parham House, Hove, there are an average of 0.9 cars per household.
See below for how this compares to South East and the rest of England & Wales.