According to the public record, Flat 1, Somerset Court 4, Hove is a mid-century leasehold apartment with 452 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in Somerset Court, Wilbury Villas, Hove, BN3.
Wilbury Villas, Hove, BN3 is located within the BN3 postal district.
Flat 1, Somerset Court 4, Hove has 21 entries in the Land Registry database, most recently in March 2016 and a single entry in the EPC database dated June 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 Somerset Court 4 Hove as £205,578 and the rental value as £1,062 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of Flat 1 Somerset Court 4 Hove has increased by £1,925 (0.9%) and its rental value has increased by £95 per month (8.9%).
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 Flat 1, Somerset Court 4, Hove is in very good condition we estimate a sale value of £215,857 and rental value of £1,115 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £191,187 and a rental value of £988 per month.
If you were able to purchase this property for the estimated value of £205,578, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,010 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, Somerset Court 4, Hove was last sold on 07 Mar 2016 for £187,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Mar 2016, the market for similar properties has risen 12.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, Somerset Court 4, Hove within a radius of 330 metres over the last 2 years.
The most recent example is 9, Janeston Court 1-3, Wilbury Crescent, Hove, BN3 6FT, a Leasehold flat which sold for £245,000 in May 2022.
Read more about house prices in BN3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wilbury Villas, Hove, BN3 has a total of 119 addresses. According to our analysis of all the public data, Flat 1, Somerset Court 4, Hove is the 79th largest and the 95th most expensive property on the street.
When compared to the postcode district it is £294k less expensive than the average property in BN3.
Flat 1, Somerset Court 4, Hove has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 07 Jun 2013.
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, Somerset Court 4, Hove is Hove station which is 500 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, Somerset Court 4, Hove, 38.7% of property is privately rented and 32.0% 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, Somerset Court 4, Hove, 15.3% of residents are recorded as possessing school level qualifications and 54.4% 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, Somerset Court 4, 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, Somerset Court 4, Hove, 2.9% 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, Somerset Court 4, Hove, there are an average of 1.0 cars per household.
See below for how this compares to South East and the rest of England & Wales.