According to the public record, Basement Flat, 34, Magdalen Road, St. Leonards-On-Sea is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 579 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 34, Magdalen Road, St. Leonards-On-Sea, TN37.
Magdalen Road, St. Leonards-On-Sea, TN37 is located in the borough of Hastings within the TN37 postal district.
Basement Flat, 34, Magdalen Road, St. Leonards-On-Sea has 21 entries in the Land Registry database, most recently in November 2021 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Basement Flat 34 Magdalen Road St. Leonards-On-Sea as £158,665 and the rental value as £878 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of Basement Flat 34 Magdalen Road St. Leonards-On-Sea has increased by £3,937 (2.5%) and its rental value has increased by £53 per month (6.0%).
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 Basement Flat, 34, Magdalen Road, St. Leonards-On-Sea is in very good condition we estimate a sale value of £166,598 and rental value of £921 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £147,558 and a rental value of £816 per month.
If you were able to purchase this property for the estimated value of £158,665, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £780 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 Flat, 34, Magdalen Road, St. Leonards-On-Sea was last sold on 19 Nov 2021 for £164,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Nov 2021, the market for similar properties has risen 4.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Basement Flat, 34, Magdalen Road, St. Leonards-On-Sea within a radius of 380 metres over the last 2 years.
The most recent example is Flat 2, 4, Warrior Gardens, St. Leonards-On-Sea, TN37 6EB, a Leasehold flat which sold for £187,500 in Jan 2024.
Read more about house prices in TN37.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Magdalen Road, St. Leonards-On-Sea, TN37 has a total of 200 addresses. According to our analysis of all the public data, Basement Flat, 34, Magdalen Road, St. Leonards-On-Sea is the 134th largest and the 128th most expensive property on the street.
When compared to the postcode district it is £124k less expensive than the average property in TN37.
The closest station to Basement Flat, 34, Magdalen Road, St. Leonards-On-Sea is St Leonards Warrior Square station which is 300 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 Basement Flat, 34, Magdalen Road, St. Leonards-On-Sea, 48.5% of property is privately rented and 26.9% 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 Flat, 34, Magdalen Road, St. Leonards-On-Sea, 12.4% of residents are recorded as possessing school level qualifications and 33.5% 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 Basement Flat, 34, Magdalen Road, St. Leonards-On-Sea, the average age was 42.4 and the most common age was 52.
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 Flat, 34, Magdalen Road, St. Leonards-On-Sea, 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 Basement Flat, 34, Magdalen Road, St. Leonards-On-Sea, 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.