According to the public record, Flat 3, 29, Lorna Road, Hove is a period leasehold apartment with 362 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 29, Lorna Road, Hove, BN3.
Lorna Road, Hove, BN3 is located within the BN3 postal district.
Flat 3, 29, Lorna Road, Hove has 31 entries in the Land Registry database, most recently in June 2012 and a single entry in the EPC database dated August 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 29 Lorna Road Hove as £213,179 and the rental value as £1,053 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of Flat 3 29 Lorna Road Hove has increased by £1,728 (0.8%) and its rental value has increased by £94 per month (9.0%).
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, 29, Lorna Road, Hove is in very good condition we estimate a sale value of £223,838 and rental value of £1,105 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £198,257 and a rental value of £979 per month.
If you were able to purchase this property for the estimated value of £213,179, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,048 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, 29, Lorna Road, Hove was last sold on 25 Jun 2012 for £163,500 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jun 2012, the market for similar properties has risen 55.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, 29, Lorna Road, Hove within a radius of 320 metres over the last 2 years.
The most recent example is 30 Goodwood Court, Cromwell Road, Hove, BN3 3DX, a Leasehold flat which sold for £175,050 in Jun 2023.
Read more about house prices in BN3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lorna Road, Hove, BN3 has a total of 203 addresses. According to our analysis of all the public data, Flat 3, 29, Lorna Road, Hove is the 187th largest and the 188th most expensive property on the street.
When compared to the postcode district it is £286k less expensive than the average property in BN3.
Flat 3, 29, Lorna Road, Hove has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 11 Aug 2011.
The property is not connected to mains gas and has partial double glazing. It is heated using electric storage heaters.
The closest station to Flat 3, 29, Lorna Road, 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, 29, Lorna Road, Hove, 45.5% of property is privately rented and 37.5% 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, 29, Lorna Road, Hove, 12.9% of residents are recorded as possessing school level qualifications and 54.1% 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, 29, Lorna Road, 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, 29, Lorna Road, Hove, 0.0% 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 3, 29, Lorna Road, Hove, there are an average of 0.8 cars per household.
See below for how this compares to South East and the rest of England & Wales.