According to the public record, Flat 38, Petworth House, Hove is a modern leasehold apartment with 678 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Petworth House, Davigdor Road, Hove, BN3.
Davigdor Road, Hove, BN3 is located within the BN3 postal district.
Flat 38, Petworth House, Hove has 31 entries in the Land Registry database, most recently in August 2017 and a single entry in the EPC database dated April 2017.
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 38 Petworth House Hove as £338,783 and the rental value as £1,554 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of Flat 38 Petworth House Hove has decreased by £1,868 (0.6%) and its rental value has increased by £116 per month (7.5%).
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 38, Petworth House, Hove is in very good condition we estimate a sale value of £355,722 and rental value of £1,632 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £315,068 and a rental value of £1,445 per month.
If you were able to purchase this property for the estimated value of £338,783, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,665 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, Petworth House, Hove was last sold on 18 Aug 2017 for £345,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Aug 2017, the market for similar properties has risen 7.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 38, Petworth House, Hove within a radius of 350 metres over the last 2 years.
The most recent example is Flat 21, Petworth House, Davigdor Road, Hove, BN3 1WG, a Leasehold flat which sold for £330,000 in Feb 2023.
Read more about house prices in BN3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Davigdor Road, Hove, BN3 has a total of 436 addresses. According to our analysis of all the public data, Flat 38, Petworth House, Hove is the 257th largest and the 260th most expensive property on the street.
When compared to the postcode district it is £160k less expensive than the average property in BN3.
Flat 38, Petworth House, Hove has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 18 Apr 2017.
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 38, Petworth House, Hove is Hove station which is 900 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 38, Petworth House, Hove, 59.2% of property is privately rented and 22.5% 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 38, Petworth House, Hove, 18.9% of residents are recorded as possessing school level qualifications and 59.6% 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, Petworth House, Hove, the average age was 40.7 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, Petworth House, Hove, 1.9% 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, Petworth House, 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.