According to the public record, Flat 4, 3, Third Avenue, Hove is a period leasehold apartment with 312 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a balcony and garden.
The apartment is in 3, Third Avenue, Hove, BN3.
Third Avenue, Hove, BN3 is located within the BN3 postal district.
Flat 4, 3, Third Avenue, Hove has a single entry in the Land Registry database from October 2009 and a single entry in the EPC database dated June 2019.
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 4 3 Third Avenue Hove as £196,988 and the rental value as £1,030 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of Flat 4 3 Third Avenue Hove has increased by £1,194 (0.6%) and its rental value has increased by £91 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 4, 3, Third Avenue, Hove is in very good condition we estimate a sale value of £206,837 and rental value of £1,082 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £183,199 and a rental value of £958 per month.
If you were able to purchase this property for the estimated value of £196,988, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £968 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 4, 3, Third Avenue, Hove was last sold on 26 Oct 2009 for £80,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Oct 2009, the market for similar properties has risen 69.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 4, 3, Third Avenue, Hove within a radius of 270 metres over the last 2 years.
The most recent example is Flat 15, 3, Third Avenue, Hove, BN3 2PB, a Leasehold flat which sold for £220,000 in Sep 2021.
Read more about house prices in BN3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Third Avenue, Hove, BN3 has a total of 136 addresses. According to our analysis of all the public data, Flat 4, 3, Third Avenue, Hove is the 133rd largest and the 132nd most expensive property on the street.
When compared to the postcode district it is £302k less expensive than the average property in BN3.
Flat 4, 3, Third Avenue, Hove has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 14 Jun 2019.
The property is not connected to mains gas and has single glazed windows. It is heated using Room heaters, electric.
The closest station to Flat 4, 3, Third 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 4, 3, Third Avenue, Hove, 41.6% of property is privately rented and 23.5% 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 4, 3, Third Avenue, Hove, 10.3% of residents are recorded as possessing school level qualifications and 62.6% 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 4, 3, Third Avenue, 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 4, 3, Third Avenue, Hove, 0.4% 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 4, 3, Third Avenue, Hove, there are an average of 0.6 cars per household.
See below for how this compares to South East and the rest of England & Wales.