According to the public record, Flat 8, 2, Salisbury Road, Hove is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 915 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 2, Salisbury Road, Hove, BN3.
Salisbury Road, Hove, BN3 is located within the BN3 postal district.
Flat 8, 2, Salisbury Road, Hove has 31 entries in the Land Registry database, most recently in November 2010 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Flat 8 2 Salisbury Road Hove as £449,391 and the rental value as £1,871 per month giving an expected gross yield of 5%.
Over the last 12 months the sale value of Flat 8 2 Salisbury Road Hove has increased by £11,350 (2.5%) and its rental value has increased by £204 per month (10.9%).
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 8, 2, Salisbury Road, Hove is in very good condition we estimate a sale value of £471,860 and rental value of £1,965 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £417,933 and a rental value of £1,740 per month.
If you were able to purchase this property for the estimated value of £449,391, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,209 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 8, 2, Salisbury Road, Hove was last sold on 15 Nov 2010 for £292,500 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Nov 2010, the market for similar properties has risen 59.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 8, 2, Salisbury Road, Hove within a radius of 240 metres over the last 2 years.
The most recent example is 30B, Selborne Road, Hove, BN3 3AH, a Leasehold flat which sold for £458,000 in Dec 2023.
Read more about house prices in BN3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Salisbury Road, Hove, BN3 has a total of 226 addresses. According to our analysis of all the public data, Flat 8, 2, Salisbury Road, Hove is the 52nd largest and the 50th most expensive property on the street.
When compared to the postcode district it is £50k less expensive than the average property in BN3.
The closest station to Flat 8, 2, Salisbury Road, Hove is Hove station which is 1.0 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 8, 2, Salisbury Road, Hove, 66.7% of property is privately rented and 18.2% 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 8, 2, Salisbury Road, Hove, 10.6% of residents are recorded as possessing school level qualifications and 57.1% 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 8, 2, Salisbury Road, 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 8, 2, Salisbury Road, Hove, 0.9% 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 8, 2, Salisbury Road, Hove, there are an average of 0.6 cars per household.
See below for how this compares to South East and the rest of England & Wales.