Apartment 1 The Galleries, 52 Palmeira Avenue

    APARTMENT 1 THE GALLERIES, 52, PALMEIRA AVENUE, HOVE, BN3 3FH

    This flat/maisonette leasehold property on Palmeira Avenue last sold in September 2011 for £858,000. Based on price growth in the BN3 district since then, its estimated current value is £1,542,639 — placing it in the 98th percentile nationally and the 98th percentile within BN3. The property covers 77 m² (829 sq ft), giving an estimated value of £20,034 per m². The EPC rating is B, with a potential rating of B.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    829 sq ft

    77 m²

    Last Sale Price

    £858,000

    Sept 2011

    Estimated Valuation

    £1,542,639

    Est. £/sq ft

    £1,861/sq ft

    £20,034/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 2003-2006
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentB
    EPC potentialB
    Floor area829 sq ft (77 m²)
    EPC dateMay 2020
    WallsCavity wall, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    16 Sept 2011

    £858,000

    20 Jul 2006

    New build

    £740,000

    Key Metrics

    Estimated valuation£1,542,639
    Value per sq ft / m²£1,861/sq ft (£20,034/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    BN3 district percentile98th 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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