Apartment 1 Verano, 58 Palmeira Avenue

    APARTMENT 1 VERANO, 58, PALMEIRA AVENUE, HOVE, BN3 3GF

    This flat/maisonette leasehold property on Palmeira Avenue last sold in May 2015 for £520,000. Based on price growth in the BN3 district since then, its estimated current value is £689,157 — placing it in the 90th percentile nationally and the 77th percentile within BN3. The property covers 88 m² (947 sq ft), giving an estimated value of £7,831 per m². The EPC rating is B, with a potential rating of B.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    947 sq ft

    88 m²

    Last Sale Price

    £520,000

    May 2015

    Estimated Valuation

    £689,157

    Est. £/sq ft

    £728/sq ft

    £7,831/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formDetached
    Construction age2012
    Habitable roomsNot available
    Main fuelGas: mains gas
    EPC currentB
    EPC potentialB
    Floor area947 sq ft (88 m²)
    EPC dateApr 2015
    WallsAverage thermal transmittance 0.15 W/m²K
    HeatingBoiler and underfloor heating, mains gas

    Transaction History

    6 May 2015

    New build

    £520,000

    Key Metrics

    Estimated valuation£689,157
    Value per sq ft / m²£728/sq ft (£7,831/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    BN3 district percentile77th percentile
    National percentile90th 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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