According to the public record, Basement, 48, First Avenue, Hove is a period leasehold apartment with 818 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
The apartment is in 48, First Avenue, Hove, BN3.
First Avenue, Hove, BN3 is located within the BN3 postal district.
Basement, 48, First Avenue, Hove has 51 entries in the Land Registry database, most recently in June 2018 and a single entry in the EPC database dated December 2022.
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 Basement 48 First Avenue Hove as £345,184 and the rental value as £1,598 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of Basement 48 First Avenue Hove has increased by £7,957 (2.3%) and its rental value has increased by £170 per month (10.7%).
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 Basement, 48, First Avenue, Hove is in very good condition we estimate a sale value of £362,443 and rental value of £1,678 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £321,021 and a rental value of £1,486 per month.
If you were able to purchase this property for the estimated value of £345,184, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,696 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, Basement, 48, First Avenue, Hove was last sold on 29 Jun 2018 for £347,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Jun 2018, the market for similar properties has risen 13.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Basement, 48, First Avenue, Hove within a radius of 250 metres over the last 2 years.
The most recent example is Flat 2, Malvern House 8, Second Avenue, Hove, BN3 2LH, a Leasehold flat which sold for £410,000 in Mar 2023.
Read more about house prices in BN3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
First Avenue, Hove, BN3 has a total of 298 addresses. According to our analysis of all the public data, Basement, 48, First Avenue, Hove is the 81st largest and the 167th most expensive property on the street.
When compared to the postcode district it is £154k less expensive than the average property in BN3.
Basement, 48, First Avenue, Hove has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 05 Dec 2022.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to Basement, 48, First Avenue, Hove is Hove station which is 1.1 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 Basement, 48, First Avenue, Hove, 71.1% of property is privately rented and 14.4% 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 Basement, 48, First Avenue, Hove, 9.7% of residents are recorded as possessing school level qualifications and 58.8% 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 Basement, 48, First Avenue, 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 Basement, 48, First Avenue, Hove, 2.1% 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 Basement, 48, First Avenue, Hove, there are an average of 0.7 cars per household.
See below for how this compares to South East and the rest of England & Wales.