According to the public record, Flat 1A, 62, The Drive, Hove is a period leasehold apartment with 914 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 62, The Drive, Hove, BN3.
The Drive, Hove, BN3 is located within the BN3 postal district.
Flat 1A, 62, The Drive, Hove has 4 entries in the Land Registry database, most recently in December 2023 and a single entry in the EPC database dated March 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 1A 62 The Drive Hove as £410,217 and the rental value as £1,836 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of Flat 1A 62 The Drive Hove has increased by £10,110 (2.5%) and its rental value has increased by £200 per month (10.9%).
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 1A, 62, The Drive, Hove is in very good condition we estimate a sale value of £430,728 and rental value of £1,928 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £381,502 and a rental value of £1,708 per month.
If you were able to purchase this property for the estimated value of £410,217, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,016 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 1A, 62, The Drive, Hove was last sold on 14 Dec 2023 for £725,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Dec 2023, 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 1A, 62, The Drive, Hove within a radius of 250 metres over the last 2 years.
The most recent example is Flat 4, 57-59, Wilbury Road, Hove, BN3 3PB, a Leasehold flat which sold for £400,000 in Aug 2023.
Read more about house prices in BN3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Drive, Hove, BN3 has a total of 907 addresses. According to our analysis of all the public data, Flat 1A, 62, The Drive, Hove is the 188th largest and the 181st most expensive property on the street.
When compared to the postcode district it is £89k less expensive than the average property in BN3.
Flat 1A, 62, The Drive, Hove has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 07 Mar 2023.
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 1A, 62, The Drive, 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 1A, 62, The Drive, Hove, 63.5% of property is privately rented and 15.9% 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 1A, 62, The Drive, Hove, 17.2% of residents are recorded as possessing school level qualifications and 51.4% 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 1A, 62, The Drive, Hove, the average age was 39.1 and the most common age was 27.
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 1A, 62, The Drive, Hove, 2.0% 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 1A, 62, The Drive, 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.