According to the public record, Apartment 7, Tate Residences 1, Hove is a mid-century apartment with 882 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Tate Residences, Eaton Road, Hove, BN3.
Eaton Road, Hove, BN3 is located within the BN3 postal district.
Apartment 7, Tate Residences 1, Hove has no records in the Land Registry database and a single entry in the EPC database dated March 2023.
We combine this information with public data 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 Apartment 7 Tate Residences 1 Hove as £640,062 and the rental value as £2,468 per month giving an expected gross yield of 4.6%.
Over the last 12 months the sale value of Apartment 7 Tate Residences 1 Hove has increased by £15,729 (2.5%) and its rental value has increased by £269 per month (10.9%).
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 7, Tate Residences 1, Hove is in very good condition we estimate a sale value of £672,065 and rental value of £2,592 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £595,258 and a rental value of £2,296 per month.
If you were able to purchase this property for the estimated value of £640,062, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,146 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 7, Tate Residences 1, Hove within a radius of 270 metres over the last 2 years.
The most recent example is Apartment 8, Tate Residences 1, Eaton Road, Hove, BN3 3NA, a Leasehold flat which sold for £525,000 in Dec 2023.
Read more about house prices in BN3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Eaton Road, Hove, BN3 has a total of 285 addresses. According to our analysis of all the public data, Apartment 7, Tate Residences 1, Hove is the 113th largest and the 29th most expensive property on the street.
When compared to the postcode district it is £141k more expensive than the average property in BN3.
Apartment 7, Tate Residences 1, Hove has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 17 Mar 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and underfloor heating.
The closest station to Apartment 7, Tate Residences 1, Hove is Hove station which is 700 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 7, Tate Residences 1, Hove, 52.0% of property is privately rented and 33.1% 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 Apartment 7, Tate Residences 1, Hove, 16.1% of residents are recorded as possessing school level qualifications and 56.3% 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 7, Tate Residences 1, 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 Apartment 7, Tate Residences 1, 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 Apartment 7, Tate Residences 1, Hove, there are an average of 0.8 cars per household.
See below for how this compares to South East and the rest of England & Wales.