Apartment 5 The Galleries, 52 Palmeira Avenue

    APARTMENT 5 THE GALLERIES, 52, PALMEIRA AVENUE, HOVE, BN3 3FH

    This flat/maisonette leasehold property on Palmeira Avenue last sold in August 2016 for £415,000. Based on price growth in the BN3 district since then, its estimated current value is £525,981 — placing it in the 81st percentile nationally and the 60th percentile within BN3. The property covers 76 m² (818 sq ft), giving an estimated value of £6,921 per m². The EPC rating is C, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    818 sq ft

    76 m²

    Last Sale Price

    £415,000

    Aug 2016

    Estimated Valuation

    £525,981

    Est. £/sq ft

    £643/sq ft

    £6,921/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formSemi-Detached
    Construction ageEngland and Wales: 2003-2006
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialC
    Floor area818 sq ft (76 m²)
    EPC dateJun 2020
    WallsSystem built, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    19 Aug 2016

    £415,000

    21 Dec 2004

    New build

    £235,000

    Key Metrics

    Estimated valuation£525,981
    Value per sq ft / m²£643/sq ft (£6,921/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    BN3 district percentile60th percentile
    National percentile81st 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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