According to the public record, Ground Floor, 49, Lyndhurst Road, Hove is a period leasehold apartment with 742 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
The apartment is in 49, Lyndhurst Road, Hove, BN3.
Lyndhurst Road, Hove, BN3 is located within the BN3 postal district.
Ground Floor, 49, Lyndhurst Road, Hove has a single entry in the Land Registry database from September 2022 and a single entry in the EPC database dated September 2014.
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 Ground Floor 49 Lyndhurst Road Hove as £431,530 and the rental value as £1,760 per month giving an expected gross yield of 4.9%.
Over the last 12 months the sale value of Ground Floor 49 Lyndhurst Road Hove has increased by £12,473 (2.9%) and its rental value has increased by £184 per month (10.5%).
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 Ground Floor, 49, Lyndhurst Road, Hove is in very good condition we estimate a sale value of £453,106 and rental value of £1,848 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £401,323 and a rental value of £1,637 per month.
If you were able to purchase this property for the estimated value of £431,530, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,121 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, Ground Floor, 49, Lyndhurst Road, Hove was last sold on 30 Sep 2022 for £498,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Sep 2022, the market for similar properties has dropped 0.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Ground Floor, 49, Lyndhurst Road, Hove within a radius of 390 metres over the last 2 years.
The most recent example is Flat 2, 27, Lyndhurst Road, Hove, BN3 6FB, a Leasehold flat which sold for £405,000 in Dec 2023.
Read more about house prices in BN3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lyndhurst Road, Hove, BN3 has a total of 157 addresses. According to our analysis of all the public data, Ground Floor, 49, Lyndhurst Road, Hove is the 98th largest and the 97th most expensive property on the street.
When compared to the postcode district it is £68k less expensive than the average property in BN3.
Ground Floor, 49, Lyndhurst Road, Hove has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 11 Sep 2014.
The property is connected to mains gas and has some double glazing. It is heated using a boiler and radiators.
The closest station to Ground Floor, 49, Lyndhurst 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 Ground Floor, 49, Lyndhurst Road, Hove, 44.3% of property is privately owned with a mortgage and 28.4% is privately rented.
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 Ground Floor, 49, Lyndhurst Road, Hove, 20.4% of residents are recorded as possessing school level qualifications and 55.2% 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 Ground Floor, 49, Lyndhurst Road, 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 Ground Floor, 49, Lyndhurst Road, Hove, 1.4% 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 Ground Floor, 49, Lyndhurst Road, Hove, there are an average of 1.1 cars per household.
See below for how this compares to South East and the rest of England & Wales.