According to the public record, Flat 38, 189, Kingsway, Hove is a modern Leasehold apartment with 602 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in 189, Kingsway, Hove, BN3.
Kingsway, Hove, BN3 is located within the BN3 postal district.
Flat 38, 189, Kingsway, Hove has a single entry in the Land Registry database from May 2022 and a single entry in the EPC database dated November 2021.
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 good condition, we estimate the current sale value for Flat 38 189 Kingsway Hove as £491,047 and the rental value as £1,942 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of Flat 38 189 Kingsway Hove has decreased by £2,103 (0.4%) and its rental value has increased by £150 per month (7.7%).
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 38, 189, Kingsway, Hove is in very good condition we estimate a sale value of £515,600 and rental value of £2,039 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £456,674 and a rental value of £1,806 per month.
If you were able to purchase this property for the estimated value of £491,047, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,413 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 38, 189, Kingsway, Hove was last sold on 18 May 2022 for £360,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since May 2022, the market for similar properties has dropped 2.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 38, 189, Kingsway, Hove within a radius of 450 metres over the last 2 years.
The most recent example is Flat 42, 189, Kingsway, Hove, BN3 4GU, a Leasehold flat which sold for £460,000 in Dec 2022.
Read more about house prices in BN3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Kingsway, Hove, BN3 has a total of 955 addresses. According to our analysis of all the public data, Flat 38, 189, Kingsway, Hove is the 698th largest and the 189th most expensive property on the street.
When compared to the postcode district it is £8k less expensive than the average property in BN3.
Flat 38, 189, Kingsway, Hove has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 17 Nov 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using a community scheme.
The closest station to Flat 38, 189, Kingsway, Hove is Aldrington station which is 1.2 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 38, 189, Kingsway, Hove, 40.0% of property is privately rented and 29.2% 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 38, 189, Kingsway, Hove, 11.8% of residents are recorded as possessing school level qualifications and 56.2% 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 38, 189, Kingsway, Hove, the average age was 43.8 and the most common age was 32.
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 38, 189, Kingsway, Hove, 1.5% 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 38, 189, Kingsway, Hove, there are an average of 0.8 cars per household.
See below for how this compares to South East and the rest of England & Wales.