According to the public record, Ground Floor Flat, 19, Palmeira Avenue, Hove is a period leasehold apartment with 1,582 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
The apartment is in 19, Palmeira Avenue, Hove, BN3.
Palmeira Avenue, Hove, BN3 is located within the BN3 postal district.
Ground Floor Flat, 19, Palmeira Avenue, Hove has a single entry in the Land Registry database from February 2023 and a single entry in the EPC database dated September 2022.
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 Flat 19 Palmeira Avenue Hove as £706,491 and the rental value as £2,742 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of Ground Floor Flat 19 Palmeira Avenue Hove has increased by £16,780 (2.4%) and its rental value has increased by £294 per month (10.7%).
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 Flat, 19, Palmeira Avenue, Hove is in very good condition we estimate a sale value of £741,815 and rental value of £2,879 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £657,036 and a rental value of £2,550 per month.
If you were able to purchase this property for the estimated value of £706,491, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,472 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 Flat, 19, Palmeira Avenue, Hove was last sold on 22 Feb 2023 for £765,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Feb 2023, the market for similar properties has risen 2.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Ground Floor Flat, 19, Palmeira Avenue, Hove within a radius of 250 metres over the last 2 years.
The most recent example is 17, Lansdowne Street, Hove, BN3 1FS, a Leasehold flat which sold for £680,000 in Oct 2023.
Read more about house prices in BN3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Palmeira Avenue, Hove, BN3 has a total of 391 addresses. According to our analysis of all the public data, Ground Floor Flat, 19, Palmeira Avenue, Hove is the 19th largest and the 65th most expensive property on the street.
When compared to the postcode district it is £207k more expensive than the average property in BN3.
Ground Floor Flat, 19, Palmeira Avenue, Hove has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 09 Sep 2022.
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 Flat, 19, Palmeira Avenue, 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 Flat, 19, Palmeira Avenue, Hove, 60.9% of property is privately rented and 21.0% 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 Ground Floor Flat, 19, Palmeira Avenue, Hove, 12.3% of residents are recorded as possessing school level qualifications and 56.8% 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 Ground Floor Flat, 19, Palmeira Avenue, 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 Ground Floor Flat, 19, Palmeira Avenue, Hove, 3.1% 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 Flat, 19, Palmeira Avenue, 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.