According to the public record, Apartment 20, The Pinnacle 8, Hove is a modern leasehold apartment with 602 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in The Pinnacle, School Road, Hove, BN3.
School Road, Hove, BN3 is located within the BN3 postal district.
Apartment 20, The Pinnacle 8, Hove has a single entry in the Land Registry database from November 2022 and a single entry in the EPC database dated September 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 good condition, we estimate the current sale value for Apartment 20 The Pinnacle 8 Hove as £349,362 and the rental value as £1,512 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of Apartment 20 The Pinnacle 8 Hove has increased by £4,455 (1.3%) and its rental value has increased by £144 per month (9.5%).
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 Apartment 20, The Pinnacle 8, Hove is in very good condition we estimate a sale value of £366,830 and rental value of £1,587 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £324,907 and a rental value of £1,406 per month.
If you were able to purchase this property for the estimated value of £349,362, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,717 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, Apartment 20, The Pinnacle 8, Hove was last sold on 25 Nov 2022 for £290,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Nov 2022, the market for similar properties has dropped 1.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 20, The Pinnacle 8, Hove within a radius of 410 metres over the last 2 years.
The most recent example is Flat 5, 188A , Portland Road, Hove, BN3 5QN, a Leasehold flat which sold for £295,000 in Jun 2022.
Read more about house prices in BN3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
School Road, Hove, BN3 has a total of 71 addresses. According to our analysis of all the public data, Apartment 20, The Pinnacle 8, Hove is the 23rd largest and the 18th most expensive property on the street.
When compared to the postcode district it is £150k less expensive than the average property in BN3.
Apartment 20, The Pinnacle 8, Hove has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 24 Sep 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using Room heaters, electric.
The closest station to Apartment 20, The Pinnacle 8, Hove is Aldrington 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 Apartment 20, The Pinnacle 8, Hove, 45.6% of property is privately owned with a mortgage and 32.5% 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 Apartment 20, The Pinnacle 8, Hove, 23.7% of residents are recorded as possessing school level qualifications and 54.6% 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 Apartment 20, The Pinnacle 8, Hove, the average age was 36.8 and the most common age was 47.
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 Apartment 20, The Pinnacle 8, Hove, 0.2% 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 Apartment 20, The Pinnacle 8, 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.