According to the public record, Flat 36, Philip Court 74A, Hove is a mid-century leasehold apartment with 581 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Philip Court, The Drive, Hove, BN3.
The Drive, Hove, BN3 is located within the BN3 postal district.
Flat 36, Philip Court 74A, Hove has 2 entries in the Land Registry database, most recently in December 2010 and a single entry in the EPC database dated May 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 36 Philip Court 74A Hove as £254,243 and the rental value as £1,318 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of Flat 36 Philip Court 74A Hove has increased by £5,436 (2.1%) and its rental value has increased by £139 per month (10.5%).
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 36, Philip Court 74A, Hove is in very good condition we estimate a sale value of £266,955 and rental value of £1,384 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £236,446 and a rental value of £1,226 per month.
If you were able to purchase this property for the estimated value of £254,243, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,250 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 36, Philip Court 74A, Hove was last sold on 10 Dec 2010 for £157,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Dec 2010, the market for similar properties has risen 60.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 36, Philip Court 74A, Hove within a radius of 280 metres over the last 2 years.
The most recent example is Flat 22, Philip Court 74A, The Drive, Hove, BN3 3EY, a Leasehold flat which sold for £220,000 in Aug 2019.
Read more about house prices in BN3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Drive, Hove, BN3 has a total of 907 addresses. According to our analysis of all the public data, Flat 36, Philip Court 74A, Hove is the 644th largest and the 677th most expensive property on the street.
When compared to the postcode district it is £245k less expensive than the average property in BN3.
Flat 36, Philip Court 74A, Hove has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 04 May 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to Flat 36, Philip Court 74A, Hove is Hove station which is 400 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 36, Philip Court 74A, Hove, 70.4% of property is socially rented and 14.8% is privately owned outright.
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 36, Philip Court 74A, Hove, 11.3% of residents are recorded as possessing school level qualifications and 17.8% 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 36, Philip Court 74A, Hove, the average age was 39.1 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 36, Philip Court 74A, 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 36, Philip Court 74A, Hove, there are an average of 0.3 cars per household.
See below for how this compares to South East and the rest of England & Wales.