According to the public record, Flat 24, Gainsborough House 4-6, Hove is a mid-century leasehold apartment with 1,034 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in Gainsborough House, Eaton Gardens, Hove, BN3.
Eaton Gardens, Hove, BN3 is located within the BN3 postal district.
Flat 24, Gainsborough House 4-6, Hove has a single entry in the Land Registry database from May 2010 and a single entry in the EPC database dated February 2010.
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 24 Gainsborough House 4-6 Hove as £529,520 and the rental value as £2,010 per month giving an expected gross yield of 4.6%.
Over the last 12 months the sale value of Flat 24 Gainsborough House 4-6 Hove has increased by £234 (0.0%) and its rental value has increased by £166 per month (8.3%).
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 24, Gainsborough House 4-6, Hove is in very good condition we estimate a sale value of £555,996 and rental value of £2,111 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £492,453 and a rental value of £1,870 per month.
If you were able to purchase this property for the estimated value of £529,520, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,602 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 24, Gainsborough House 4-6, Hove was last sold on 20 May 2010 for £250,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since May 2010, the market for similar properties has risen 56.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 24, 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 24, Gainsborough House 4-6, Hove is the 46th largest and the 54th most expensive property on the street.
When compared to the postcode district it is £30k more expensive than the average property in BN3.
Flat 24, Gainsborough House 4-6, Hove has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 03 Feb 2010.
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 24, 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 24, 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 24, 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 24, 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 24, 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 24, 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.