According to the public record, Flat 3A, 48, First Avenue, Hove is a period leasehold apartment with 193 ft2 of internal area.
Apartments of this size in this area are normally studios.
The apartment is in 48, First Avenue, Hove, BN3.
First Avenue, Hove, BN3 is located within the BN3 postal district.
Flat 3A, 48, First Avenue, Hove has a single entry in the Land Registry database from April 2012 and a single entry in the EPC database dated April 2018.
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 3A 48 First Avenue Hove as £149,479 and the rental value as £729 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of Flat 3A 48 First Avenue Hove has increased by £1,100 (0.7%) and its rental value has increased by £65 per month (9.0%).
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 3A, 48, First Avenue, Hove is in very good condition we estimate a sale value of £156,952 and rental value of £766 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £139,015 and a rental value of £678 per month.
If you were able to purchase this property for the estimated value of £149,479, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £735 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 3A, 48, First Avenue, Hove was last sold on 19 Apr 2012 for £80,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Apr 2012, the market for similar properties has risen 55.5%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 250 metres radius of Flat 3A, 48, First Avenue, Hove over the last 2 years.
The most recent example is Basement, 48, First Avenue, Hove, BN3 2FF, a Leasehold flat which sold for £347,000 in Jun 2018.
Read more about house prices in BN3.
First Avenue, Hove, BN3 has a total of 298 addresses. According to our analysis of all the public data, Flat 3A, 48, First Avenue, Hove is the 295th largest and the 291st most expensive property on the street.
When compared to the postcode district it is £350k less expensive than the average property in BN3.
Flat 3A, 48, First Avenue, Hove has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 25 Apr 2018.
The property is not connected to mains gas and has single glazed windows. It is heated using electric storage heaters.
The closest station to Flat 3A, 48, First Avenue, 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 3A, 48, First Avenue, Hove, 71.1% of property is privately rented and 14.4% 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 3A, 48, First Avenue, Hove, 9.7% of residents are recorded as possessing school level qualifications and 58.8% 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 3A, 48, First Avenue, 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 3A, 48, First Avenue, Hove, 2.1% 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 3A, 48, First Avenue, Hove, there are an average of 0.7 cars per household.
See below for how this compares to South East and the rest of England & Wales.