According to the public record, Flat 4, 42, New Road, Shoreham-By-Sea is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 702 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 42, New Road, Shoreham-By-Sea, BN43.
New Road, Shoreham-By-Sea, BN43 is located in the borough of Adur within the BN43 postal district.
Flat 4, 42, New Road, Shoreham-By-Sea has 21 entries in the Land Registry database, most recently in January 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the 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 42 New Road Shoreham-By-Sea as £232,691 and the rental value as £1,173 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of Flat 4 42 New Road Shoreham-By-Sea has increased by £1,943 (0.8%) and its rental value has increased by £68 per month (5.8%).
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, 42, New Road, Shoreham-By-Sea is in very good condition we estimate a sale value of £244,325 and rental value of £1,232 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £216,402 and a rental value of £1,091 per month.
If you were able to purchase this property for the estimated value of £232,691, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,144 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, 42, New Road, Shoreham-By-Sea was last sold on 12 Jan 2007 for £153,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jan 2007, the market for similar properties has risen 54.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 4, 42, New Road, Shoreham-By-Sea within a radius of 490 metres over the last 2 years.
The most recent example is Flat 3, 42, New Road, Shoreham-By-Sea, BN43 6RA, a Leasehold flat which sold for £255,000 in Jun 2022.
Read more about house prices in BN43.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
New Road, Shoreham-By-Sea, BN43 has a total of 90 addresses. According to our analysis of all the public data, Flat 4, 42, New Road, Shoreham-By-Sea is the 57th largest and the 69th most expensive property on the street.
When compared to the postcode district it is £219k less expensive than the average property in BN43.
The closest station to Flat 4, 42, New Road, Shoreham-By-Sea is Shoreham-by-Sea station which is 300 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 4, 42, New Road, Shoreham-By-Sea, 39.8% of property is socially rented and 37.8% is privately rented.
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, 42, New Road, Shoreham-By-Sea, 11.6% of residents are recorded as possessing school level qualifications and 34.0% 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, 42, New Road, Shoreham-By-Sea, the average age was 44.9 and the most common age was 47.
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, 42, New Road, Shoreham-By-Sea, 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 4, 42, New Road, Shoreham-By-Sea, 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.