According to the public record, Flat 12, 3, Third Avenue, Hove is a period leasehold apartment with 269 ft2 of internal area.
Apartments of this size in this area are normally studios with a balcony.
The apartment is in 3, Third Avenue, Hove, BN3.
Third Avenue, Hove, BN3 is located within the BN3 postal district.
Flat 12, 3, Third Avenue, Hove has a single entry in the Land Registry database from October 2009 and a single entry in the EPC database dated July 2019.
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 12 3 Third Avenue Hove as £169,266 and the rental value as £881 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of Flat 12 3 Third Avenue Hove has decreased by £2,905 (1.7%) and its rental value has increased by £56 per month (6.3%).
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 12, 3, Third Avenue, Hove is in very good condition we estimate a sale value of £177,729 and rental value of £925 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £157,417 and a rental value of £819 per month.
If you were able to purchase this property for the estimated value of £169,266, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £832 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 12, 3, Third Avenue, Hove was last sold on 26 Oct 2009 for £78,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Oct 2009, the market for similar properties has risen 62.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 12, 3, Third Avenue, Hove within a radius of 270 metres over the last 2 years.
The most recent example is Flat 16, 3, Third Avenue, Hove, BN3 2PB, a Leasehold flat which sold for £190,000 in Feb 2021.
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 12, 3, Third Avenue, Hove is the 134th largest and the 134th most expensive property on the street.
When compared to the postcode district it is £330k less expensive than the average property in BN3.
Flat 12, 3, Third Avenue, Hove has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 01 Jul 2019.
The property is not connected to mains gas and has single glazed windows. It is heated using Room heaters, electric.
The closest station to Flat 12, 3, 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 12, 3, 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 12, 3, 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 12, 3, 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 12, 3, 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 12, 3, 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.