According to the public record, Flat 29, Grasshoppers 87, Hove is a early-century leasehold apartment with 710 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Grasshoppers, The Drive, Hove, BN3.
The Drive, Hove, BN3 is located within the BN3 postal district.
Flat 29, Grasshoppers 87, Hove has a single entry in the Land Registry database from August 2012 and a single entry in the EPC database dated December 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 29 Grasshoppers 87 Hove as £293,473 and the rental value as £1,483 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of Flat 29 Grasshoppers 87 Hove has increased by £124 (0.0%) and its rental value has increased by £122 per month (8.2%).
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 29, Grasshoppers 87, Hove is in very good condition we estimate a sale value of £308,146 and rental value of £1,557 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £272,929 and a rental value of £1,379 per month.
If you were able to purchase this property for the estimated value of £293,473, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,442 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 29, Grasshoppers 87, Hove was last sold on 01 Aug 2012 for £209,950 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Aug 2012, the market for similar properties has risen 51.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 29, Grasshoppers 87, Hove within a radius of 360 metres over the last 2 years.
The most recent example is Flat 5, Grasshoppers 87, The Drive, Hove, BN3 6FY, a Leasehold flat which sold for £275,000 in Dec 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 29, Grasshoppers 87, Hove is the 444th largest and the 584th most expensive property on the street.
When compared to the postcode district it is £206k less expensive than the average property in BN3.
Flat 29, Grasshoppers 87, Hove has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 01 Dec 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 29, Grasshoppers 87, Hove is Hove station which is 300 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 29, Grasshoppers 87, Hove, 46.3% of property is privately owned outright and 33.9% is privately rented.
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 29, Grasshoppers 87, Hove, 11.4% of residents are recorded as possessing school level qualifications and 36.9% 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 29, Grasshoppers 87, 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 29, Grasshoppers 87, Hove, 1.4% 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 29, Grasshoppers 87, Hove, there are an average of 0.5 cars per household.
See below for how this compares to South East and the rest of England & Wales.