According to the public record, Lower Ground Floor, 47, Waterloo Street, Hove is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 803 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 47, Waterloo Street, Hove, BN3.
Waterloo Street, Hove, BN3 is located within the BN3 postal district.
Lower Ground Floor, 47, Waterloo Street, Hove has 2 entries in the Land Registry database, most recently in November 2020 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 Lower Ground Floor 47 Waterloo Street Hove as £385,039 and the rental value as £1,666 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of Lower Ground Floor 47 Waterloo Street Hove has increased by £9,522 (2.5%) and its rental value has increased by £176 per month (10.6%).
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 Lower Ground Floor, 47, Waterloo Street, Hove is in very good condition we estimate a sale value of £404,290 and rental value of £1,749 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £358,086 and a rental value of £1,549 per month.
If you were able to purchase this property for the estimated value of £385,039, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,892 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, Lower Ground Floor, 47, Waterloo Street, Hove was last sold on 11 Nov 2020 for £385,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Nov 2020, the market for similar properties has risen 7.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Lower Ground Floor, 47, Waterloo Street, Hove within a radius of 200 metres over the last 2 years.
The most recent example is 6 Dorchester Court, Norfolk Square, Brighton, BN1 2QA, a Leasehold flat which sold for £372,500 in Nov 2023.
Read more about house prices in BN3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Waterloo Street, Hove, BN3 has a total of 264 addresses. According to our analysis of all the public data, Lower Ground Floor, 47, Waterloo Street, Hove is the 15th largest and the 19th most expensive property on the street.
When compared to the postcode district it is £114k less expensive than the average property in BN3.
The closest station to Lower Ground Floor, 47, Waterloo Street, Hove is Brighton station which is 1.2 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 Lower Ground Floor, 47, Waterloo Street, Hove, 68.0% of property is privately rented and 19.2% 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 Lower Ground Floor, 47, Waterloo Street, Hove, 20.7% of residents are recorded as possessing school level qualifications and 56.9% 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 Lower Ground Floor, 47, Waterloo Street, Hove, the average age was 38.2 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 Lower Ground Floor, 47, Waterloo Street, Hove, 0.3% 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 Lower Ground Floor, 47, Waterloo Street, Hove, there are an average of 0.3 cars per household.
See below for how this compares to South East and the rest of England & Wales.