According to the public record, Ground Floor Flat, 88, Hammy Lane, Shoreham-By-Sea is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a mid-century apartment with 1,076 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Hammy Lane, Shoreham-By-Sea, BN43 is located in the borough of Adur within the BN43 postal district.
Ground Floor Flat, 88, Hammy Lane, Shoreham-By-Sea has 41 entries in the Land Registry database, most recently in March 2021 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 Ground Floor Flat 88 Hammy Lane Shoreham-By-Sea as £416,840 and the rental value as £1,579 per month giving an expected gross yield of 4.5%.
Over the last 12 months the sale value of Ground Floor Flat 88 Hammy Lane Shoreham-By-Sea has increased by £7,760 (1.9%) and its rental value has increased by £111 per month (7.0%).
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, 88, Hammy Lane, Shoreham-By-Sea is in very good condition we estimate a sale value of £437,682 and rental value of £1,657 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £387,661 and a rental value of £1,468 per month.
If you were able to purchase this property for the estimated value of £416,840, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,049 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, 88, Hammy Lane, Shoreham-By-Sea was last sold on 16 Mar 2021 for £450,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Mar 2021, the market for similar properties has risen 5.4%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to Ground Floor Flat, 88, Hammy Lane, Shoreham-By-Sea within a radius of 480 metres over the last 2 years.
The most recent example is Flat 3, The Old Refectory 22, Coral Close, Shoreham-By-Sea, BN43 6AZ, a Leasehold flat which sold for £289,950 in Oct 2013.
Read more about house prices in BN43.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Hammy Lane, Shoreham-By-Sea, BN43 has a total of 87 addresses. According to our analysis of all the public data, Ground Floor Flat, 88, Hammy Lane, Shoreham-By-Sea is the 14th largest and the 39th most expensive property on the street.
When compared to the postcode district it is £35k less expensive than the average property in BN43.
The closest station to Ground Floor Flat, 88, Hammy Lane, Shoreham-By-Sea is Shoreham-by-Sea station which is 1.3 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, 88, Hammy Lane, Shoreham-By-Sea, 40.6% of property is privately owned with a mortgage and 36.2% 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 Ground Floor Flat, 88, Hammy Lane, Shoreham-By-Sea, 17.5% of residents are recorded as possessing school level qualifications and 33.4% 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 Ground Floor Flat, 88, Hammy Lane, Shoreham-By-Sea, the average age was 40.9 and the most common age was 7.
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, 88, Hammy Lane, Shoreham-By-Sea, 0.0% 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, 88, Hammy Lane, Shoreham-By-Sea, there are an average of 1.3 cars per household.
See below for how this compares to South East and the rest of England & Wales.