According to the public record, 14A, Farm Road, Hove is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 444 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 14, Farm Road, Hove, BN3.
Farm Road, Hove, BN3 is located within the BN3 postal district.
14A, Farm Road, Hove has a single entry in the Land Registry database from February 2020 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 14A Farm Road Hove as £272,911 and the rental value as £1,198 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of 14A Farm Road Hove has increased by £2,302 (0.8%) and its rental value has increased by £107 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 14A, Farm Road, Hove is in very good condition we estimate a sale value of £286,557 and rental value of £1,258 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £253,807 and a rental value of £1,114 per month.
If you were able to purchase this property for the estimated value of £272,911, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,341 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, 14A, Farm Road, Hove was last sold on 13 Feb 2020 for £180,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Feb 2020, the market for similar properties has risen 9.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 14A, Farm Road, Hove within a radius of 200 metres over the last 2 years.
The most recent example is Flat 7, 70, Brunswick Place, Hove, BN3 1NB, a Leasehold flat which sold for £240,000 in Jun 2023.
Read more about house prices in BN3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Farm Road, Hove, BN3 has a total of 137 addresses. According to our analysis of all the public data, 14A, Farm Road, Hove is the 118th largest and the 119th most expensive property on the street.
When compared to the postcode district it is £226k less expensive than the average property in BN3.
The closest station to 14A, Farm Road, 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 14A, Farm Road, Hove, 63.1% of property is privately rented and 21.6% 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 14A, Farm Road, Hove, 24.5% of residents are recorded as possessing school level qualifications and 46.6% 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 14A, Farm Road, Hove, the average age was 39.7 and the most common age was 27.
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 14A, Farm Road, Hove, 0.0% 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 14A, Farm Road, Hove, there are an average of 0.4 cars per household.
See below for how this compares to South East and the rest of England & Wales.