According to the public record, Flat 5, 16, First Avenue, Hove is a period leasehold apartment with 721 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 16, First Avenue, Hove, BN3.
First Avenue, Hove, BN3 is located within the BN3 postal district.
Flat 5, 16, First Avenue, Hove has 41 entries in the Land Registry database, most recently in December 2017 and a single entry in the EPC database dated October 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 5 16 First Avenue Hove as £362,328 and the rental value as £1,593 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of Flat 5 16 First Avenue Hove has increased by £8,744 (2.4%) and its rental value has increased by £172 per month (10.8%).
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 5, 16, First Avenue, Hove is in very good condition we estimate a sale value of £380,444 and rental value of £1,673 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £336,965 and a rental value of £1,482 per month.
If you were able to purchase this property for the estimated value of £362,328, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,781 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 5, 16, First Avenue, Hove was last sold on 08 Dec 2017 for £333,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Dec 2017, the market for similar properties has risen 10.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 5, 16, First Avenue, Hove within a radius of 280 metres over the last 2 years.
The most recent example is Flat 3, 5, First Avenue, Hove, BN3 2FG, a Leasehold flat which sold for £440,000 in Feb 2024.
Read more about house prices in BN3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
First Avenue, Hove, BN3 has a total of 298 addresses. According to our analysis of all the public data, Flat 5, 16, First Avenue, Hove is the 138th largest and the 152nd most expensive property on the street.
When compared to the postcode district it is £137k less expensive than the average property in BN3.
Flat 5, 16, First Avenue, Hove has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 18 Oct 2017.
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 5, 16, First Avenue, Hove is Hove station which is 1.2 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 5, 16, First Avenue, Hove, 48.6% of property is privately rented and 27.5% 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 5, 16, First Avenue, Hove, 17.4% of residents are recorded as possessing school level qualifications and 59.5% 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 5, 16, 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 5, 16, First Avenue, Hove, 0.8% 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 5, 16, First Avenue, Hove, 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.