Apartment 7 The Galleries, 52 Palmeira Avenue

    APARTMENT 7 THE GALLERIES, 52, PALMEIRA AVENUE, HOVE, BN3 3FH

    This flat/maisonette leasehold property on Palmeira Avenue last sold in June 2017 for £617,000. Based on price growth in the BN3 district since then, its estimated current value is £724,340 — placing it in the 91st percentile nationally and the 79th percentile within BN3. The property covers 129 m² (1,389 sq ft), giving an estimated value of £5,615 per m². The EPC rating is C, with a potential rating of B.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    1,389 sq ft

    129 m²

    Last Sale Price

    £617,000

    Jun 2017

    Estimated Valuation

    £724,340

    Est. £/sq ft

    £522/sq ft

    £5,615/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formDetached
    Construction ageEngland and Wales: 2003-2006
    Habitable rooms4
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialB
    Floor area1,389 sq ft (129 m²)
    EPC dateFeb 2017
    WallsCavity wall, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    27 Jun 2017

    £617,000

    31 May 2005

    New build

    £499,000

    Key Metrics

    Estimated valuation£724,340
    Value per sq ft / m²£522/sq ft (£5,615/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    BN3 district percentile79th percentile
    National percentile91st 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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