According to the public record, Flat 3, Park Life Apartments 168A, Hove is a modern leasehold apartment with 398 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in Park Life Apartments, Old Shoreham Road, Hove, BN3.
Old Shoreham Road, Hove, BN3 is located within the BN3 postal district.
Flat 3, Park Life Apartments 168A, Hove has 2 entries in the Land Registry database, most recently in May 2016 and a single entry in the EPC database dated September 2015.
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 Park Life Apartments 168A Hove as £213,504 and the rental value as £1,103 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of Flat 3 Park Life Apartments 168A Hove has increased by £1,523 (0.7%) and its rental value has increased by £98 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, Park Life Apartments 168A, Hove is in very good condition we estimate a sale value of £224,179 and rental value of £1,158 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £198,559 and a rental value of £1,026 per month.
If you were able to purchase this property for the estimated value of £213,504, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,049 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, Park Life Apartments 168A, Hove was last sold on 11 May 2016 for £212,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since May 2016, the market for similar properties has risen 10.7%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to Flat 3, Park Life Apartments 168A, Hove within a radius of 510 metres over the last 2 years.
The most recent example is Flat 2, Park Life Apartments 168A, Old Shoreham Road, Hove, BN3 7AP, a Leasehold flat which sold for £200,000 in Jul 2022.
Read more about house prices in BN3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Old Shoreham Road, Hove, BN3 has a total of 357 addresses. According to our analysis of all the public data, Flat 3, Park Life Apartments 168A, Hove is the 349th largest and the 352nd 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, Park Life Apartments 168A, Hove has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 15 Sep 2015.
The property is connected to mains gas and has fully double glazed windows. It is heated using an electric boiler and radiators.
The closest station to Flat 3, Park Life Apartments 168A, Hove is Aldrington station which is 300 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, Park Life Apartments 168A, Hove, 38.9% of property is privately owned with a mortgage and 31.1% is privately rented.
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, Park Life Apartments 168A, Hove, 18.2% of residents are recorded as possessing school level qualifications and 57.9% 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, Park Life Apartments 168A, Hove, the average age was 36.8 and the most common age was 47.
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, Park Life Apartments 168A, 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, Park Life Apartments 168A, Hove, there are an average of 0.9 cars per household.
See below for how this compares to South East and the rest of England & Wales.