According to the public record, Flat 3, 16, Silverdale Avenue, Hove is a early-century leasehold apartment with 458 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a garden.
The apartment is in 16, Silverdale Avenue, Hove, BN3.
Silverdale Avenue, Hove, BN3 is located within the BN3 postal district.
Flat 3, 16, Silverdale Avenue, Hove has 2 entries in the Land Registry database, most recently in July 2021 and a single entry in the EPC database dated September 2011.
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 3 16 Silverdale Avenue Hove as £268,576 and the rental value as £1,289 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of Flat 3 16 Silverdale Avenue Hove has increased by £2,404 (0.9%) and its rental value has increased by £115 per month (8.9%).
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 3, 16, Silverdale Avenue, Hove is in very good condition we estimate a sale value of £282,004 and rental value of £1,353 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £249,775 and a rental value of £1,199 per month.
If you were able to purchase this property for the estimated value of £268,576, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,320 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 3, 16, Silverdale Avenue, Hove was last sold on 30 Jul 2021 for £245,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jul 2021, the market for similar properties has risen 3.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, 16, Silverdale Avenue, Hove within a radius of 380 metres over the last 2 years.
The most recent example is 10 Beresford Court, Somerhill Road, Hove, BN3 1RH, a Leasehold flat which sold for £350,000 in Apr 2024.
Read more about house prices in BN3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Silverdale Avenue, Hove, BN3 has a total of 20 addresses. According to our analysis of all the public data, Flat 3, 16, Silverdale Avenue, Hove is the 18th largest and the 15th most expensive property on the street.
When compared to the postcode district it is £231k less expensive than the average property in BN3.
Flat 3, 16, Silverdale Avenue, Hove has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 15 Sep 2011.
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 3, 16, Silverdale Avenue, Hove is Hove station which is 800 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 3, 16, Silverdale Avenue, Hove, 47.9% of property is privately owned outright and 34.2% 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 3, 16, Silverdale Avenue, Hove, 22.4% of residents are recorded as possessing school level qualifications and 63.6% 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 3, 16, Silverdale Avenue, Hove, the average age was 40.7 and the most common age was 32.
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 3, 16, Silverdale Avenue, Hove, 1.3% 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 3, 16, Silverdale Avenue, Hove, 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.