According to the public record, Patio Flat, 37-38, Adelaide Crescent, Hove is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 785 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 37, Adelaide Crescent, Hove, BN3.
Adelaide Crescent, Hove, BN3 is located within the BN3 postal district.
Patio Flat, 37-38, Adelaide Crescent, Hove has 2 entries in the Land Registry database, most recently in December 2019 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 Patio Flat 37-38 Adelaide Crescent Hove as £512,946 and the rental value as £1,955 per month giving an expected gross yield of 4.6%.
Over the last 12 months the sale value of Patio Flat 37-38 Adelaide Crescent Hove has increased by £12,379 (2.4%) and its rental value has increased by £211 per month (10.8%).
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 Patio Flat, 37-38, Adelaide Crescent, Hove is in very good condition we estimate a sale value of £538,593 and rental value of £2,053 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £477,040 and a rental value of £1,818 per month.
If you were able to purchase this property for the estimated value of £512,946, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,521 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, Patio Flat, 37-38, Adelaide Crescent, Hove was last sold on 10 Dec 2019 for £480,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Dec 2019, the market for similar properties has risen 11.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Patio Flat, 37-38, Adelaide Crescent, Hove within a radius of 300 metres over the last 2 years.
The most recent example is Flat 3, 42, Brunswick Terrace, Hove, BN3 1HA, a Leasehold flat which sold for £425,000 in May 2024.
Read more about house prices in BN3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Adelaide Crescent, Hove, BN3 has a total of 238 addresses. According to our analysis of all the public data, Patio Flat, 37-38, Adelaide Crescent, Hove is the 168th largest and the 163rd most expensive property on the street.
When compared to the postcode district it is £14k more expensive than the average property in BN3.
The closest station to Patio Flat, 37-38, Adelaide Crescent, Hove is Hove 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 Patio Flat, 37-38, Adelaide Crescent, Hove, 52.9% of property is privately rented and 24.8% 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 Patio Flat, 37-38, Adelaide Crescent, Hove, 16.8% of residents are recorded as possessing school level qualifications and 64.6% 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 Patio Flat, 37-38, Adelaide Crescent, 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 Patio Flat, 37-38, Adelaide Crescent, Hove, 1.8% 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 Patio Flat, 37-38, Adelaide Crescent, Hove, there are an average of 0.8 cars per household.
See below for how this compares to South East and the rest of England & Wales.