According to the public record, 37A, Cromwell Road, Hove is a period leasehold apartment with 828 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 37, Cromwell Road, Hove, BN3.
Cromwell Road, Hove, BN3 is located within the BN3 postal district.
37A, Cromwell Road, Hove has a single entry in the Land Registry database from April 2021 and a single entry in the EPC database dated May 2020.
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 37A Cromwell Road Hove as £375,952 and the rental value as £1,677 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of 37A Cromwell Road Hove has increased by £8,038 (2.1%) and its rental value has increased by £177 per month (10.5%).
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 37A, Cromwell Road, Hove is in very good condition we estimate a sale value of £394,750 and rental value of £1,761 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £349,635 and a rental value of £1,560 per month.
If you were able to purchase this property for the estimated value of £375,952, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,848 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, 37A, Cromwell Road, Hove was last sold on 13 Apr 2021 for £270,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Apr 2021, the market for similar properties has risen 5.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 37A, Cromwell Road, Hove within a radius of 310 metres over the last 2 years.
The most recent example is Flat 2, 91, Cromwell Road, Hove, BN3 3EG, a Leasehold flat which sold for £390,000 in Feb 2024.
Read more about house prices in BN3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cromwell Road, Hove, BN3 has a total of 478 addresses. According to our analysis of all the public data, 37A, Cromwell Road, Hove is the 79th largest and the 141st most expensive property on the street.
When compared to the postcode district it is £123k less expensive than the average property in BN3.
37A, Cromwell Road, Hove has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 11 May 2020.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 37A, Cromwell Road, Hove is Hove station which is 500 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 37A, Cromwell Road, Hove, 60.5% of property is privately rented and 27.6% 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 37A, Cromwell Road, Hove, 7.5% of residents are recorded as possessing school level qualifications and 59.9% 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 37A, Cromwell Road, Hove, the average age was 39.1 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 37A, Cromwell 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 37A, Cromwell Road, Hove, there are an average of 0.6 cars per household.
See below for how this compares to South East and the rest of England & Wales.