According to the public record, Flat 16, St. Nicholas Place, Shoreham-By-Sea is a modern leasehold apartment with 645 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in St. Nicholas Place, Emerald Quay, Shoreham-By-Sea, BN43.
Emerald Quay, Shoreham-By-Sea, BN43 is located in the borough of Adur within the BN43 postal district.
Flat 16, St. Nicholas Place, Shoreham-By-Sea has 31 entries in the Land Registry database, most recently in October 2022 and a single entry in the EPC database dated October 2021.
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 16 St. Nicholas Place Shoreham-By-Sea as £267,682 and the rental value as £1,205 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of Flat 16 St. Nicholas Place Shoreham-By-Sea has decreased by £3,525 (1.3%) and its rental value has increased by £43 per month (3.6%).
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 16, St. Nicholas Place, Shoreham-By-Sea is in very good condition we estimate a sale value of £281,066 and rental value of £1,265 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £248,945 and a rental value of £1,120 per month.
If you were able to purchase this property for the estimated value of £267,682, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,316 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 16, St. Nicholas Place, Shoreham-By-Sea was last sold on 28 Oct 2022 for £275,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Oct 2022, the market for similar properties has dropped 5.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 16, St. Nicholas Place, Shoreham-By-Sea within a radius of 560 metres over the last 2 years.
The most recent example is Flat 22, Marys Place, Emerald Quay, Shoreham-By-Sea, BN43 5JS, a Leasehold flat which sold for £275,000 in Apr 2023.
Read more about house prices in BN43.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Emerald Quay, Shoreham-By-Sea, BN43 has a total of 200 addresses. According to our analysis of all the public data, Flat 16, St. Nicholas Place, Shoreham-By-Sea is the 78th largest and the 86th most expensive property on the street.
When compared to the postcode district it is £184k less expensive than the average property in BN43.
Flat 16, St. Nicholas Place, Shoreham-By-Sea has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 28 Oct 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to Flat 16, St. Nicholas Place, Shoreham-By-Sea is Shoreham-by-Sea 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 16, St. Nicholas Place, Shoreham-By-Sea, 55.2% of property is privately rented and 22.4% is privately owned outright.
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 16, St. Nicholas Place, Shoreham-By-Sea, 11.5% of residents are recorded as possessing school level qualifications and 44.0% 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 16, St. Nicholas Place, Shoreham-By-Sea, the average age was 44.9 and the most common age was 47.
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 16, St. Nicholas Place, Shoreham-By-Sea, 0.8% 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 16, St. Nicholas Place, Shoreham-By-Sea, there are an average of 1.1 cars per household.
See below for how this compares to South East and the rest of England & Wales.