According to the public record, Flat 5, 40, Medina Villas, Hove is a period apartment with 538 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 40, Medina Villas, Hove, BN3.
Medina Villas, Hove, BN3 is located within the BN3 postal district.
Flat 5, 40, Medina Villas, Hove has no recent1 records in the Land Registry database and a single entry in the EPC database dated February 2022.
We combine this information with public data 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 40 Medina Villas Hove as £316,615 and the rental value as £1,388 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of Flat 5 40 Medina Villas Hove has increased by £7,662 (2.4%) and its rental value has increased by £150 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, 40, Medina Villas, Hove is in very good condition we estimate a sale value of £332,446 and rental value of £1,458 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £294,452 and a rental value of £1,291 per month.
If you were able to purchase this property for the estimated value of £316,615, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,556 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, 40, Medina Villas, Hove was last sold on 20 Aug 2004 for £157,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 5, 40, Medina Villas, Hove within a radius of 250 metres over the last 2 years.
The most recent example is Flat B, 1, Fourth Avenue, Hove, BN3 2PL, a Leasehold flat which sold for £370,000 in Jul 2023.
Read more about house prices in BN3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Medina Villas, Hove, BN3 has a total of 167 addresses. According to our analysis of all the public data, Flat 5, 40, Medina Villas, Hove is the 128th largest and the 122nd most expensive property on the street.
When compared to the postcode district it is £183k less expensive than the average property in BN3.
Flat 5, 40, Medina Villas, Hove has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 16 Feb 2022.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 5, 40, Medina Villas, 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 5, 40, Medina Villas, Hove, 53.4% of property is privately rented and 29.7% 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, 40, Medina Villas, Hove, 11.9% of residents are recorded as possessing school level qualifications and 54.8% 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 5, 40, Medina Villas, 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 5, 40, Medina Villas, Hove, 0.5% 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, 40, Medina Villas, Hove, there are an average of 0.5 cars per household.
See below for how this compares to South East and the rest of England & Wales.