According to the public record, Flat 5, Riverside House, Shoreham-By-Sea is a mid-century leasehold apartment with 947 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Riverside House, High Street, Shoreham-By-Sea, BN43.
High Street, Shoreham-By-Sea, BN43 is located in the borough of Adur within the BN43 postal district.
Flat 5, Riverside House, Shoreham-By-Sea has 2 entries in the Land Registry database, most recently in December 2019 and a single entry in the EPC database dated May 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 Riverside House Shoreham-By-Sea as £328,933 and the rental value as £1,464 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of Flat 5 Riverside House Shoreham-By-Sea has increased by £6,122 (1.9%) and its rental value has increased by £101 per month (6.9%).
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, Riverside House, Shoreham-By-Sea is in very good condition we estimate a sale value of £345,379 and rental value of £1,537 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £305,907 and a rental value of £1,361 per month.
If you were able to purchase this property for the estimated value of £328,933, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,617 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, Riverside House, Shoreham-By-Sea was last sold on 12 Dec 2019 for £293,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Dec 2019, the market for similar properties has risen 8.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 5, Riverside House, Shoreham-By-Sea within a radius of 530 metres over the last 2 years.
The most recent example is Flat 4, Riverside House, High Street, Shoreham-By-Sea, BN43 5DW, a Leasehold flat which sold for £340,000 in May 2023.
Read more about house prices in BN43.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
High Street, Shoreham-By-Sea, BN43 has a total of 79 addresses. According to our analysis of all the public data, Flat 5, Riverside House, Shoreham-By-Sea is the 5th largest and the 20th most expensive property on the street.
When compared to the postcode district it is £123k less expensive than the average property in BN43.
Flat 5, Riverside House, Shoreham-By-Sea has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 30 May 2017.
The property is connected to mains gas and has mostly multiple glazing. It is heated using an LPG fired boiler and radiators.
The closest station to Flat 5, Riverside House, Shoreham-By-Sea is Shoreham-by-Sea station which is 500 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, Riverside House, Shoreham-By-Sea, 27.9% of property is socially rented and 25.1% 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, Riverside House, Shoreham-By-Sea, 16.8% of residents are recorded as possessing school level qualifications and 31.8% 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, Riverside House, 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 5, Riverside House, Shoreham-By-Sea, 0.6% 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, Riverside House, 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.