According to the public record, Flat 2, Gainsborough House 4-6, Hove is a mid-century leasehold apartment with 990 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony and garden.
The apartment is in Gainsborough House, Eaton Gardens, Hove, BN3.
Eaton Gardens, Hove, BN3 is located within the BN3 postal district.
Flat 2, Gainsborough House 4-6, Hove has a single entry in the Land Registry database from February 2011 and a single entry in the EPC database dated August 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 2 Gainsborough House 4-6 Hove as £492,776 and the rental value as £1,889 per month giving an expected gross yield of 4.6%.
Over the last 12 months the sale value of Flat 2 Gainsborough House 4-6 Hove has increased by £11,606 (2.4%) and its rental value has increased by £204 per month (10.8%).
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 2, Gainsborough House 4-6, Hove is in very good condition we estimate a sale value of £517,415 and rental value of £1,984 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £458,282 and a rental value of £1,757 per month.
If you were able to purchase this property for the estimated value of £492,776, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,422 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 2, Gainsborough House 4-6, Hove was last sold on 02 Feb 2011 for £224,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Feb 2011, the market for similar properties has risen 63.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, Gainsborough House 4-6, Hove within a radius of 250 metres over the last 2 years.
The most recent example is Flat 26, Veric 16-18, Eaton Gardens, Hove, BN3 3UB, a Leasehold flat which sold for £518,500 in Nov 2022.
Read more about house prices in BN3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Eaton Gardens, Hove, BN3 has a total of 377 addresses. According to our analysis of all the public data, Flat 2, Gainsborough House 4-6, Hove is the 63rd largest and the 89th most expensive property on the street.
When compared to the postcode district it is £6k less expensive than the average property in BN3.
Flat 2, Gainsborough House 4-6, Hove has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 01 Aug 2023.
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 2, Gainsborough House 4-6, 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 2, Gainsborough House 4-6, Hove, 44.7% of property is privately rented and 36.8% 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 2, Gainsborough House 4-6, Hove, 15.9% of residents are recorded as possessing school level qualifications and 60.0% 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 2, Gainsborough House 4-6, 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 2, Gainsborough House 4-6, 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 2, Gainsborough House 4-6, 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.