According to the public record, Flat 3, 41, Tisbury Road, Hove is a period leasehold apartment with 344 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 41, Tisbury Road, Hove, BN3.
Tisbury Road, Hove, BN3 is located within the BN3 postal district.
Flat 3, 41, Tisbury Road, Hove has 41 entries in the Land Registry database, most recently in December 2023 and a single entry in the EPC database dated June 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 41 Tisbury Road Hove as £256,959 and the rental value as £1,030 per month giving an expected gross yield of 4.8%.
Over the last 12 months the sale value of Flat 3 41 Tisbury Road Hove has increased by £1,744 (0.7%) and its rental value has increased by £92 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, 41, Tisbury Road, Hove is in very good condition we estimate a sale value of £269,807 and rental value of £1,081 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £238,972 and a rental value of £958 per month.
If you were able to purchase this property for the estimated value of £256,959, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,263 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, 41, Tisbury Road, Hove was last sold on 08 Dec 2023 for £250,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Dec 2023, the market for similar properties has risen 2.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, 41, Tisbury Road, Hove within a radius of 240 metres over the last 2 years.
The most recent example is Flat 7, 49, Norton Road, Hove, BN3 3BF, a Leasehold flat which sold for £250,000 in Jul 2022.
Read more about house prices in BN3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Tisbury Road, Hove, BN3 has a total of 325 addresses. According to our analysis of all the public data, Flat 3, 41, Tisbury Road, Hove is the 264th largest and the 206th most expensive property on the street.
When compared to the postcode district it is £242k less expensive than the average property in BN3.
Flat 3, 41, Tisbury Road, Hove has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 30 Jun 2023.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 3, 41, Tisbury 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, 41, Tisbury 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, 41, Tisbury 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, 41, Tisbury 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, 41, Tisbury 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, 41, Tisbury 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.