According to the public record, First & Second, 46, Lower Market Street, Hove is a period apartment with 745 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 46, Lower Market Street, Hove, BN3.
Lower Market Street, Hove, BN3 is located within the BN3 postal district.
First & Second, 46, Lower Market Street, Hove has no recent1 records in the Land Registry database and a single entry in the EPC database dated October 2010.
We combine this information with public data 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 First & Second 46 Lower Market Street Hove as £332,308 and the rental value as £1,558 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of First & Second 46 Lower Market Street Hove has increased by £8,218 (2.5%) and its rental value has increased by £165 per month (10.6%).
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 & Second, 46, Lower Market Street, Hove is in very good condition we estimate a sale value of £348,923 and rental value of £1,636 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £309,046 and a rental value of £1,449 per month.
If you were able to purchase this property for the estimated value of £332,308, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,633 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 & Second, 46, Lower Market Street, Hove was last sold on 28 Feb 1997 for £45,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to First & Second, 46, Lower Market Street, Hove within a radius of 220 metres over the last 2 years.
The most recent example is 7B, Brunswick Road, Hove, BN3 1DG, a Leasehold flat which sold for £378,174 in Sep 2021.
Read more about house prices in BN3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lower Market Street, Hove, BN3 has a total of 59 addresses. According to our analysis of all the public data, First & Second, 46, Lower Market Street, Hove is the 28th largest and the 30th most expensive property on the street.
When compared to the postcode district it is £167k less expensive than the average property in BN3.
First & Second, 46, Lower Market Street, Hove has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 07 Oct 2010.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to First & Second, 46, Lower Market Street, Hove is Brighton station which is 1.3 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 & Second, 46, Lower Market Street, Hove, 47.4% of property is privately rented and 25.6% 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 & Second, 46, Lower Market Street, Hove, 15.2% of residents are recorded as possessing school level qualifications and 56.1% 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 First & Second, 46, Lower Market Street, Hove, the average age was 38.2 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 & Second, 46, Lower Market Street, Hove, 1.1% 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 & Second, 46, Lower Market Street, 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.