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2 Palmeira Square is a residential building situated on Palmeira Square, Hove, BN3 with 12 addresses.
It ranks as the 4210th largest and 4088th most expensive of the 4,532 buildings in the BN3 area. The dominant property type is a period flat built between 1800 and 1911.
The building contains a total of 12 properties: 12 flats.
2 Palmeira Square is a residential building situated on Palmeira Square, Hove, BN3 with 12 addresses.
It ranks as the 4210th largest and 4088th most expensive of the 4,532 buildings in the BN3 area. The dominant property type is a period flat built between 1800 and 1911.
The building contains a total of 12 properties: 12 flats.
Sale prices range from £357,762 for 2 bedroom leasehold flats with a balcony and garden (775 ft2) to £815,159 for 3 bedroom leasehold flats with a balcony (3,035 ft2) .
Monthly rental prices range from £1,568 pcm for 2 bed flats to £3,466 pcm for 3 bed flats.
The gross rental yield is between 4.9% and 5.3%.
The average value per square foot is £348.
The last sale in 2 Palmeira Square sold for £374,000 on 10th March 2025. Since then prices are down an average of 4.6%.
The current average value in the building is £584,159.
The 2 Palmeira Square Sales Market has increased by 5.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -4.2% | £584,159 |
| May 2025 | -2.4% | £609,951 |
| May 2024 | 0.3% | £625,059 |
| May 2023 | -0.5% | £623,195 |
| May 2022 | 6.5% | £626,404 |
| May 2021 | 4.4% | £588,332 |
| May 2020 | 2% | £563,722 |
| May 2019 | 0.3% | £552,436 |
| May 2018 | -1.7% | £550,728 |
| May 2017 | 0.7% | £560,179 |
| May 2016 | 9% | £556,424 |
| May 2015 | 9% | £510,369 |
| May 2014 | 13% | £468,145 |
| May 2013 | 2.5% | £414,249 |
| May 2012 | 1.8% | £404,299 |
| May 2011 | 0.6% | £397,320 |
| May 2010 | 12.8% | £395,122 |
| May 2009 | -10.5% | £350,222 |
| May 2008 | -0.8% | £391,441 |
| May 2007 | 0% | £394,514 |
The current average rental value in the building is £2,471.
The 2 Palmeira Square Rental Market has increased by 30.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 2.1% | £2,471pcm |
| May 2025 | 1% | £2,419pcm |
| May 2024 | 5% | £2,396pcm |
| May 2023 | 4.9% | £2,282pcm |
| May 2022 | 7.5% | £2,174pcm |
| May 2021 | 6% | £2,022pcm |
| May 2020 | 0.7% | £1,907pcm |
| May 2019 | 3% | £1,894pcm |
| May 2018 | -0.5% | £1,839pcm |
| May 2017 | -2.6% | £1,849pcm |
| May 2016 | 2.7% | £1,898pcm |
| May 2015 | 4.8% | £1,849pcm |
| May 2014 | 4.1% | £1,765pcm |
| May 2013 | 1.7% | £1,694pcm |
| May 2012 | 1.7% | £1,665pcm |
| May 2011 | 6.2% | £1,637pcm |
| May 2010 | 5.8% | £1,541pcm |
| May 2009 | -3.7% | £1,457pcm |
| May 2008 | 4.4% | £1,513pcm |
| May 2007 | 0% | £1,449pcm |
The last sale was on 10th March 2025 for £374,000 and since then the market in the area has decreased by 4.6%. The building has had a total of 16 sales since 1995.
2, Palmeira Square, Hove, BN3 2JA has seen 1 sale in the last three years and no sales in the last twelve months.
The closest station to 2, Palmeira Square, Hove, BN3 2JA is Hove station which is 1.2 kilometres away.
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According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Palmeira Square, Hove, BN3 2JA, 34.0% of property is privately owned outright and 31.0% is privately rented.
The graph below shows how this compares to South East and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 2, Palmeira Square, Hove, BN3 2JA, 13.4% of residents are recorded as possessing school level qualifications and 58.7% as possessing degree level qualifications.
The graph below shows how this compares to South East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, Palmeira Square, Hove, BN3 2JA, the average age was 39.7 and the most common age was 27.
The graph below shows how this compares to South East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 2, Palmeira Square, Hove, BN3 2JA, 2.6% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 2, Palmeira Square, Hove, BN3 2JA, there are an average of 0.9 cars per household.
See below for how this compares to South East and the rest of England & Wales.