According to the public record, 516B, Old London Road, Hastings is a mid-century leasehold apartment with 602 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 516, Old London Road, Hastings, TN35.
Old London Road, Hastings, TN35 is located in the borough of Hastings within the TN35 postal district.
516B, Old London Road, Hastings has 21 entries in the Land Registry database, most recently in November 2014 and a single entry in the EPC database dated May 2012.
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 516B Old London Road Hastings as £146,954 and the rental value as £872 per month giving an expected gross yield of 7.1%.
Over the last 12 months the sale value of 516B Old London Road Hastings has increased by £4,899 (3.3%) and its rental value has increased by £50 per month (5.7%).
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 516B, Old London Road, Hastings is in very good condition we estimate a sale value of £154,302 and rental value of £915 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £136,667 and a rental value of £811 per month.
If you were able to purchase this property for the estimated value of £146,954, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £722 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, 516B, Old London Road, Hastings was last sold on 17 Nov 2014 for £84,950 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Nov 2014, the market for similar properties has risen 51.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 516B, Old London Road, Hastings within a radius of 540 metres over the last 2 years.
The most recent example is 526C, Old London Road, Hastings, TN35 5BN, a Leasehold flat which sold for £143,000 in Aug 2020.
Read more about house prices in TN35.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Old London Road, Hastings, TN35 has a total of 421 addresses. According to our analysis of all the public data, 516B, Old London Road, Hastings is the 348th largest and the 374th most expensive property on the street.
When compared to the postcode district it is £218k less expensive than the average property in TN35.
516B, Old London Road, Hastings has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 09 May 2012.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 516B, Old London Road, Hastings is Ore station which is 1.4 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 516B, Old London Road, Hastings, 36.4% of property is privately owned outright and 35.7% 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 516B, Old London Road, Hastings, 18.1% of residents are recorded as possessing school level qualifications and 19.1% 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 516B, Old London Road, Hastings, the average age was 39.6 and the most common age was 32.
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 516B, Old London Road, Hastings, 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 516B, Old London Road, Hastings, there are an average of 1.1 cars per household.
See below for how this compares to South East and the rest of England & Wales.