According to the public record, Ground Floor Flat, 97, Lorna Road, Hove is a period leasehold apartment with 645 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
The apartment is in 97, Lorna Road, Hove, BN3.
Lorna Road, Hove, BN3 is located within the BN3 postal district.
Ground Floor Flat, 97, Lorna Road, Hove has 51 entries in the Land Registry database, most recently in February 2016 and a single entry in the EPC database dated February 2019.
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 97 Lorna Road Hove as £275,138 and the rental value as £1,397 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of Ground Floor Flat 97 Lorna Road Hove has increased by £5,686 (2.1%) and its rental value has increased by £142 per month (10.2%).
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 Ground Floor Flat, 97, Lorna Road, Hove is in very good condition we estimate a sale value of £288,895 and rental value of £1,467 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £255,878 and a rental value of £1,299 per month.
If you were able to purchase this property for the estimated value of £275,138, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,352 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, 97, Lorna Road, Hove was last sold on 22 Feb 2016 for £260,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Feb 2016, the market for similar properties has risen 17.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Ground Floor Flat, 97, Lorna Road, Hove within a radius of 330 metres over the last 2 years.
The most recent example is 93B, Lorna Road, Hove, BN3 3EL, a Leasehold flat which sold for £220,000 in Jun 2023.
Read more about house prices in BN3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lorna Road, Hove, BN3 has a total of 203 addresses. According to our analysis of all the public data, Ground Floor Flat, 97, Lorna Road, Hove is the 61st largest and the 93rd most expensive property on the street.
When compared to the postcode district it is £224k less expensive than the average property in BN3.
Ground Floor Flat, 97, Lorna Road, Hove has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 07 Feb 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to Ground Floor Flat, 97, Lorna Road, Hove is Hove station which is 600 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 Ground Floor Flat, 97, Lorna Road, Hove, 53.1% of property is privately rented and 30.6% 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 Ground Floor Flat, 97, Lorna Road, Hove, 12.9% of residents are recorded as possessing school level qualifications and 51.9% 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, 97, Lorna 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 Flat, 97, Lorna Road, Hove, 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, 97, Lorna Road, Hove, there are an average of 0.7 cars per household.
See below for how this compares to South East and the rest of England & Wales.