According to the public record, Flat 3, Palmeira Plaza 63, Hove is a modern leasehold apartment with 785 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Palmeira Plaza, Holland Road, Hove, BN3.
Holland Road, Hove, BN3 is located within the BN3 postal district.
Flat 3, Palmeira Plaza 63, Hove has 2 entries in the Land Registry database, most recently in September 2019 and a single entry in the EPC database dated June 2022.
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 Palmeira Plaza 63 Hove as £626,824 and the rental value as £2,389 per month giving an expected gross yield of 4.6%.
Over the last 12 months the sale value of Flat 3 Palmeira Plaza 63 Hove has decreased by £2,966 (0.5%) and its rental value has increased by £183 per month (7.6%).
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, Palmeira Plaza 63, Hove is in very good condition we estimate a sale value of £658,166 and rental value of £2,508 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £582,947 and a rental value of £2,222 per month.
If you were able to purchase this property for the estimated value of £626,824, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,081 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, Palmeira Plaza 63, Hove was last sold on 27 Sep 2019 for £520,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Sep 2019, the market for similar properties has risen 8.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, Palmeira Plaza 63, Hove within a radius of 210 metres over the last 2 years.
The most recent example is Flat 4, Palmeira Plaza 63, Holland Road, Hove, BN3 1BA, a Leasehold flat which sold for £540,000 in May 2021.
Read more about house prices in BN3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Holland Road, Hove, BN3 has a total of 603 addresses. According to our analysis of all the public data, Flat 3, Palmeira Plaza 63, Hove is the 169th largest and the 57th most expensive property on the street.
When compared to the postcode district it is £128k more expensive than the average property in BN3.
Flat 3, Palmeira Plaza 63, Hove has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 17 Jun 2022.
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, Palmeira Plaza 63, Hove is Hove station which is 1.1 kilometres 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, Palmeira Plaza 63, Hove, 57.2% of property is privately rented and 23.3% 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, Palmeira Plaza 63, Hove, 9.7% of residents are recorded as possessing school level qualifications and 64.3% 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, Palmeira Plaza 63, 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, Palmeira Plaza 63, Hove, 0.4% 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 3, Palmeira Plaza 63, 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.