According to the public record, Flat 61, Park House 3, Hove is a modern leasehold apartment with 753 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Park House, Goldstone Crescent, Hove, BN3.
Goldstone Crescent, Hove, BN3 is located within the BN3 postal district.
Flat 61, Park House 3, Hove has a single entry in the Land Registry database from September 2015 and a single entry in the EPC database dated June 2015.
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 61 Park House 3 Hove as £436,193 and the rental value as £1,678 per month giving an expected gross yield of 4.6%.
Over the last 12 months the sale value of Flat 61 Park House 3 Hove has increased by £507 (0.1%) and its rental value has increased by £137 per month (8.2%).
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 61, Park House 3, Hove is in very good condition we estimate a sale value of £458,003 and rental value of £1,762 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £405,659 and a rental value of £1,560 per month.
If you were able to purchase this property for the estimated value of £436,193, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,144 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 61, Park House 3, Hove was last sold on 22 Sep 2015 for £395,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Sep 2015, the market for similar properties has risen 16.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 61, Park House 3, Hove within a radius of 570 metres over the last 2 years.
The most recent example is Flat 67, Park House 3, Goldstone Crescent, Hove, BN3 6AN, a Leasehold flat which sold for £437,500 in Apr 2021.
Read more about house prices in BN3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Goldstone Crescent, Hove, BN3 has a total of 260 addresses. According to our analysis of all the public data, Flat 61, Park House 3, Hove is the 232nd largest and the 210th most expensive property on the street.
When compared to the postcode district it is £63k less expensive than the average property in BN3.
Flat 61, Park House 3, Hove has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 25 Jun 2015.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and underfloor heating.
The closest station to Flat 61, Park House 3, Hove is Hove station which is 400 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 61, Park House 3, Hove, 49.6% of property is privately owned outright and 43.5% 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 61, Park House 3, Hove, 23.3% of residents are recorded as possessing school level qualifications and 43.4% 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 61, Park House 3, Hove, the average age was 42.8 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 61, Park House 3, Hove, 2.5% 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 61, Park House 3, Hove, there are an average of 1.8 cars per household.
See below for how this compares to South East and the rest of England & Wales.