According to the public record, Flat 1, 14, Addison Road, Hove is a period leasehold apartment with 419 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a garden.
The apartment is in 14, Addison Road, Hove, BN3.
Addison Road, Hove, BN3 is located within the BN3 postal district.
Flat 1, 14, Addison Road, Hove has 31 entries in the Land Registry database, most recently in August 2017 and a single entry in the EPC database dated October 2023.
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 Flat 1 14 Addison Road Hove as £257,384 and the rental value as £1,235 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of Flat 1 14 Addison Road Hove has increased by £4,878 (1.9%) and its rental value has increased by £117 per month (9.5%).
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 Flat 1, 14, Addison Road, Hove is in very good condition we estimate a sale value of £270,253 and rental value of £1,297 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £239,367 and a rental value of £1,148 per month.
If you were able to purchase this property for the estimated value of £257,384, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,265 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, Flat 1, 14, Addison Road, Hove was last sold on 07 Aug 2017 for £265,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Aug 2017, the market for similar properties has risen 12.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, 14, Addison Road, Hove within a radius of 290 metres over the last 2 years.
The most recent example is 6A , Granville Road, Hove, BN3 1TG, a Leasehold flat which sold for £264,500 in Dec 2023.
Read more about house prices in BN3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Addison Road, Hove, BN3 has a total of 161 addresses. According to our analysis of all the public data, Flat 1, 14, Addison Road, Hove is the 152nd largest and the 156th most expensive property on the street.
When compared to the postcode district it is £242k less expensive than the average property in BN3.
Flat 1, 14, Addison Road, Hove has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 12 Oct 2023.
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 Flat 1, 14, Addison Road, Hove is Brighton station which is 600 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 Flat 1, 14, Addison Road, Hove, 56.3% of property is privately rented and 26.4% 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 Flat 1, 14, Addison Road, Hove, 23.6% of residents are recorded as possessing school level qualifications and 52.8% 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 Flat 1, 14, Addison Road, Hove, the average age was 40.7 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 Flat 1, 14, Addison Road, 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 Flat 1, 14, Addison Road, 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.