According to the public record, Flat 1, 55, Addison Road, Hove is a period leasehold apartment with 462 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a garden.
The apartment is in 55, Addison Road, Hove, BN3.
Addison Road, Hove, BN3 is located within the BN3 postal district.
Flat 1, 55, Addison Road, Hove has 3 entries in the Land Registry database, most recently in May 2021 and a single entry in the EPC database dated March 2013.
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 55 Addison Road Hove as £321,921 and the rental value as £1,308 per month giving an expected gross yield of 4.9%.
Over the last 12 months the sale value of Flat 1 55 Addison Road Hove has increased by £5,638 (1.8%) and its rental value has increased by £121 per month (9.2%).
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, 55, Addison Road, Hove is in very good condition we estimate a sale value of £338,017 and rental value of £1,373 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £299,386 and a rental value of £1,216 per month.
If you were able to purchase this property for the estimated value of £321,921, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,582 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, 55, Addison Road, Hove was last sold on 07 May 2021 for £296,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since May 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 Flat 1, 55, Addison Road, Hove within a radius of 320 metres over the last 2 years.
The most recent example is 46B, Highdown Road, Hove, BN3 6ED, a Leasehold flat which sold for £297,500 in Jan 2024.
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, 55, Addison Road, Hove is the 145th largest and the 132nd most expensive property on the street.
When compared to the postcode district it is £177k less expensive than the average property in BN3.
Flat 1, 55, Addison Road, Hove has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 05 Mar 2013.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to Flat 1, 55, Addison Road, Hove is Brighton station which is 800 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, 55, Addison Road, Hove, 37.1% of property is privately rented and 30.7% 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, 55, Addison Road, Hove, 21.6% of residents are recorded as possessing school level qualifications and 61.1% 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 Flat 1, 55, 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, 55, 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, 55, 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.