According to the public record, Flat 4, 8, Palmeira Avenue, Hove is a period leasehold apartment with 764 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 8, Palmeira Avenue, Hove, BN3.
Palmeira Avenue, Hove, BN3 is located within the BN3 postal district.
Flat 4, 8, Palmeira Avenue, Hove has 31 entries in the Land Registry database, most recently in April 2008 and a single entry in the EPC database dated August 2014.
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 8 Palmeira Avenue Hove as £364,237 and the rental value as £1,625 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of Flat 4 8 Palmeira Avenue Hove has increased by £8,201 (2.3%) and its rental value has increased by £172 per month (10.6%).
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, 8, Palmeira Avenue, Hove is in very good condition we estimate a sale value of £382,449 and rental value of £1,707 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £338,740 and a rental value of £1,512 per month.
If you were able to purchase this property for the estimated value of £364,237, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,790 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, 8, Palmeira Avenue, Hove was last sold on 28 Apr 2008 for £225,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Apr 2008, the market for similar properties has risen 60.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 4, 8, Palmeira Avenue, Hove within a radius of 230 metres over the last 2 years.
The most recent example is 33A Gwydyr Mansions, Holland Road, Hove, BN3 1JW, a Leasehold flat which sold for £420,000 in Oct 2023.
Read more about house prices in BN3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Palmeira Avenue, Hove, BN3 has a total of 391 addresses. According to our analysis of all the public data, Flat 4, 8, Palmeira Avenue, Hove is the 197th largest and the 224th most expensive property on the street.
When compared to the postcode district it is £135k less expensive than the average property in BN3.
Flat 4, 8, Palmeira Avenue, Hove has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 20 Aug 2014.
The property is connected to mains gas and has some double glazing. It is heated using a boiler and radiators.
The closest station to Flat 4, 8, Palmeira Avenue, Hove is Hove station which is 1.0 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, 8, Palmeira Avenue, Hove, 60.9% of property is privately rented and 21.0% 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 4, 8, Palmeira Avenue, Hove, 12.3% of residents are recorded as possessing school level qualifications and 56.8% 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 4, 8, Palmeira 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 4, 8, Palmeira Avenue, Hove, 3.1% 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 4, 8, Palmeira 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.