According to the public record, Flat 5, 2, Somerhill Avenue, Hove is a early-century leasehold apartment with 344 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 2, Somerhill Avenue, Hove, BN3.
Somerhill Avenue, Hove, BN3 is located within the BN3 postal district.
Flat 5, 2, Somerhill Avenue, Hove has 41 entries in the Land Registry database, most recently in March 2018 and a single entry in the EPC database dated October 2020.
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 2 Somerhill Avenue Hove as £188,458 and the rental value as £986 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of Flat 5 2 Somerhill Avenue Hove has increased by £1,767 (0.9%) and its rental value has increased by £88 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 5, 2, Somerhill Avenue, Hove is in very good condition we estimate a sale value of £197,881 and rental value of £1,035 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £175,266 and a rental value of £917 per month.
If you were able to purchase this property for the estimated value of £188,458, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £926 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, 2, Somerhill Avenue, Hove was last sold on 19 Mar 2018 for £190,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Mar 2018, the market for similar properties has risen 8.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 5, 2, Somerhill Avenue, Hove within a radius of 330 metres over the last 2 years.
The most recent example is 30 Goodwood Court, Cromwell Road, Hove, BN3 3DX, a Leasehold flat which sold for £175,050 in Jun 2023.
Read more about house prices in BN3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Somerhill Avenue, Hove, BN3 has a total of 96 addresses. According to our analysis of all the public data, Flat 5, 2, Somerhill Avenue, Hove is the 95th largest and the 95th most expensive property on the street.
When compared to the postcode district it is £311k less expensive than the average property in BN3.
Flat 5, 2, Somerhill Avenue, Hove has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 05 Oct 2020.
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 5, 2, Somerhill Avenue, Hove is Hove station which is 900 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 5, 2, Somerhill Avenue, Hove, 37.9% of property is privately rented and 18.4% 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 5, 2, Somerhill Avenue, Hove, 16.5% of residents are recorded as possessing school level qualifications and 53.7% 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, 2, Somerhill Avenue, Hove, the average age was 40.7 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 5, 2, Somerhill Avenue, Hove, 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 5, 2, Somerhill 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.