According to the public record, Flat 1, 15, Third Avenue, Hove is a period Leasehold apartment with 1,668 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
The apartment is in 15, Third Avenue, Hove, BN3.
Third Avenue, Hove, BN3 is located within the BN3 postal district.
Flat 1, 15, Third Avenue, Hove has a single entry in the Land Registry database from January 2024 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 15 Third Avenue Hove as £918,309 and the rental value as £3,387 per month giving an expected gross yield of 4.4%.
Over the last 12 months the sale value of Flat 1 15 Third Avenue Hove has increased by £21,439 (2.3%) and its rental value has increased by £364 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 Flat 1, 15, Third Avenue, Hove is in very good condition we estimate a sale value of £964,225 and rental value of £3,557 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £854,027 and a rental value of £3,150 per month.
If you were able to purchase this property for the estimated value of £918,309, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,513 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, 15, Third Avenue, Hove was last sold on 10 Jan 2024 for £1,175,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jan 2024, the market for similar properties has risen 3.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, 15, Third Avenue, Hove within a radius of 270 metres over the last 2 years.
The most recent example is Flat 2, 9, Third Avenue, Hove, BN3 2PB, a Leasehold flat which sold for £810,000 in Jun 2024.
Read more about house prices in BN3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Third Avenue, Hove, BN3 has a total of 136 addresses. According to our analysis of all the public data, Flat 1, 15, Third Avenue, Hove is the 11th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £419k more expensive than the average property in BN3.
Flat 1, 15, Third Avenue, Hove has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 11 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, 15, Third 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 Flat 1, 15, Third Avenue, Hove, 41.6% of property is privately rented and 23.5% 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, 15, Third Avenue, Hove, 10.3% of residents are recorded as possessing school level qualifications and 62.6% 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, 15, Third Avenue, Hove, the average age was 43.8 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, 15, Third Avenue, Hove, 0.4% 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, 15, Third Avenue, 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.