According to the public record, 5B, Albert Mansions, Hove is a period leasehold apartment with 441 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 1-7, Albert Mansions, Hove, BN3.
Albert Mansions, Hove, BN3 is located within the BN3 postal district.
5B, Albert Mansions, Hove has 31 entries in the Land Registry database, most recently in October 2015 and a single entry in the EPC database dated March 2015.
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 5B Albert Mansions Hove as £289,320 and the rental value as £1,187 per month giving an expected gross yield of 4.9%.
Over the last 12 months the sale value of 5B Albert Mansions Hove has increased by £1,997 (0.7%) and its rental value has increased by £106 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 5B, Albert Mansions, Hove is in very good condition we estimate a sale value of £303,786 and rental value of £1,246 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £269,068 and a rental value of £1,104 per month.
If you were able to purchase this property for the estimated value of £289,320, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,422 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, 5B, Albert Mansions, Hove was last sold on 02 Oct 2015 for £220,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Oct 2015, the market for similar properties has risen 16.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5B, Albert Mansions, Hove within a radius of 250 metres over the last 2 years.
The most recent example is Flat 5, 9, Second Avenue, Hove, BN3 2LH, a Leasehold flat which sold for £356,000 in Nov 2023.
Read more about house prices in BN3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Albert Mansions, Hove, BN3 has a total of 9 addresses. According to our analysis of all the public data, 5B, Albert Mansions, Hove is the 9th largest and the 9th most expensive property on the street.
When compared to the postcode district it is £210k less expensive than the average property in BN3.
5B, Albert Mansions, Hove has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 02 Mar 2015.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to 5B, Albert Mansions, Hove is Hove station which is 900 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 5B, Albert Mansions, Hove, 65.1% of property is privately rented and 17.1% 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 5B, Albert Mansions, Hove, 15.8% of residents are recorded as possessing school level qualifications and 57.5% 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 5B, Albert Mansions, 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 5B, Albert Mansions, Hove, 2.6% 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 5B, Albert Mansions, 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.