Flat 4 4 - 5 Palmeira Square

    FLAT 4 4 - 5, PALMEIRA SQUARE, HOVE, BN3 2JA

    This flat/maisonette leasehold property on Palmeira Square last sold in July 2023 for £1,500,000. Based on price growth in the BN3 district since then, its estimated current value is £1,455,526 — placing it in the 98th percentile nationally and the 97th percentile within BN3. The property covers 85 m² (915 sq ft), giving an estimated value of £17,124 per m². The EPC rating is C, with a potential rating of B.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    915 sq ft

    85 m²

    Last Sale Price

    £1,500,000

    Jul 2023

    Estimated Valuation

    £1,455,526

    Est. £/sq ft

    £1,591/sq ft

    £17,124/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: before 1900
    Habitable rooms4
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialB
    Floor area915 sq ft (85 m²)
    EPC dateJan 2024
    WallsSolid brick, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    31 Jul 2023

    £1,500,000

    20 Mar 2020

    £920,000

    20 Dec 2005

    £720,000

    19 Sept 2003

    £250,000

    7 Jun 2002

    £310,000

    30 Jan 1998

    £165,000

    8 Aug 1997

    £59,500

    17 Jan 1997

    New build

    £90,000

    Key Metrics

    Estimated valuation£1,455,526
    Value per sq ft / m²£1,591/sq ft (£17,124/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    BN3 district percentile97th percentile
    National percentile98th percentile

    District Context — BN3

    BN3 covers Hove and surrounding areas west of Brighton, forming part of the wider Brighton and Hove conurbation on the south coast. It is a mixed residential district with strong rental demand, popular with younger professional households and those seeking urban amenities.

    Average Property Price - BN3

    £554,428

    86

    National percentile

    Average Net Household Income - BN3

    £43,825

    72

    National percentile

    10-Year Annualised Price Growth - BN3

    3.8%

    59

    National percentile

    10-Year Annualised Rent Growth - BN

    3.8%

    48

    National percentile

    View full analysis for BN3

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