According to the public record, 8, Medina Terrace, Hove is a leasehold house.
By comparing it to neighbours, we estimate that it is a period house with 2,960 ft2 of internal area and a garden.
Houses of this size in this area normally have 6 bedrooms.
Medina Terrace, Hove, BN3 is located within the BN3 postal district.
8, Medina Terrace, Hove has 31 entries in the Land Registry database, most recently in January 2022 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 8 Medina Terrace Hove as £1,142,743 and the rental value as £5,001 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of 8 Medina Terrace Hove has increased by £4,286 (0.4%) and its rental value has increased by £431 per month (8.6%).
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 8, Medina Terrace, Hove is in very good condition we estimate a sale value of £1,199,880 and rental value of £5,251 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,062,751 and a rental value of £4,651 per month.
If you were able to purchase this property for the estimated value of £1,142,743, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £5,616 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, 8, Medina Terrace, Hove was last sold on 10 Jan 2022 for £4,550,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Jan 2022, the market for similar properties has dropped 0.7%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 330 metres radius of 8, Medina Terrace, Hove over the last 2 years.
The most recent example is Basement Flat, 7, Medina Terrace, Hove, BN3 2WL, a Leasehold flat which sold for £450,000 in Jan 2022.
Read more about house prices in BN3.
Medina Terrace, Hove, BN3 has a total of 40 addresses. According to our analysis of all the public data, 8, Medina Terrace, Hove is the largest and the most expensive property on the street.
When compared to the postcode district it is £643k more expensive than the average property in BN3.
The closest station to 8, Medina Terrace, Hove is Hove 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 8, Medina Terrace, Hove, 39.7% of property is privately owned outright and 32.8% is privately 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 8, Medina Terrace, Hove, 8.3% of residents are recorded as possessing school level qualifications and 52.2% 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 8, Medina Terrace, Hove, the average age was 43.8 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 8, Medina Terrace, Hove, 0.9% 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 8, Medina Terrace, 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.