According to the public record, First Floor Flat, 54, First Avenue, Hove is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 947 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 54, First Avenue, Hove, BN3.
First Avenue, Hove, BN3 is located within the BN3 postal district.
First Floor Flat, 54, First Avenue, Hove has 21 entries in the Land Registry database, most recently in April 2011 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 First Floor Flat 54 First Avenue Hove as £392,615 and the rental value as £1,825 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of First Floor Flat 54 First Avenue Hove has increased by £9,879 (2.5%) and its rental value has increased by £199 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 First Floor Flat, 54, First Avenue, Hove is in very good condition we estimate a sale value of £412,246 and rental value of £1,917 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £365,132 and a rental value of £1,698 per month.
If you were able to purchase this property for the estimated value of £392,615, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,930 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, First Floor Flat, 54, First Avenue, Hove was last sold on 20 Apr 2011 for £282,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Apr 2011, the market for similar properties has risen 59.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to First Floor Flat, 54, First Avenue, Hove within a radius of 240 metres over the last 2 years.
The most recent example is Flat 4, 12, Salisbury Road, Hove, BN3 3AD, a Leasehold flat which sold for £385,000 in Dec 2021.
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, First Floor Flat, 54, First Avenue, Hove is the 45th largest and the 128th most expensive property on the street.
When compared to the postcode district it is £107k less expensive than the average property in BN3.
The closest station to First Floor Flat, 54, 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 First Floor Flat, 54, 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 First Floor Flat, 54, 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 First Floor Flat, 54, 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 First Floor Flat, 54, 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 First Floor Flat, 54, 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.