According to the public record, Flat 3, 40, Norton Road, Hove is a period leasehold apartment with 1,367 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 40, Norton Road, Hove, BN3.
Norton Road, Hove, BN3 is located within the BN3 postal district.
Flat 3, 40, Norton Road, Hove has 31 entries in the Land Registry database, most recently in April 2018 and a single entry in the EPC database dated February 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 3 40 Norton Road Hove as £532,471 and the rental value as £2,264 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of Flat 3 40 Norton Road Hove has increased by £13,444 (2.5%) and its rental value has increased by £248 per month (11.0%).
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, 40, Norton Road, Hove is in very good condition we estimate a sale value of £559,094 and rental value of £2,377 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £495,198 and a rental value of £2,106 per month.
If you were able to purchase this property for the estimated value of £532,471, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,617 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, 40, Norton Road, Hove was last sold on 06 Apr 2018 for £475,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Apr 2018, the market for similar properties has risen 12.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, 40, Norton Road, Hove within a radius of 260 metres over the last 2 years.
The most recent example is Flat 14, 65, The Drive, Hove, BN3 3PF, a Leasehold flat which sold for £790,000 in Jan 2024.
Read more about house prices in BN3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Norton Road, Hove, BN3 has a total of 198 addresses. According to our analysis of all the public data, Flat 3, 40, Norton Road, Hove is the 7th largest and the 16th most expensive property on the street.
When compared to the postcode district it is £33k more expensive than the average property in BN3.
Flat 3, 40, Norton Road, Hove has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 09 Feb 2023.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to Flat 3, 40, Norton Road, Hove is Hove station which is 600 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, 40, Norton Road, Hove, 65.6% of property is privately rented and 22.8% 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, 40, Norton Road, Hove, 11.1% of residents are recorded as possessing school level qualifications and 60.4% 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, 40, Norton Road, Hove, the average age was 39.7 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 3, 40, Norton 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, 40, Norton Road, 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.