2 Lorraine Court, Osborne Villas
2 Lorraine Court, Osborne Villas
Description & Estimates
According to the public record, 2 Lorraine Court, Osborne Villas, Hove is a mid-century leasehold apartment with 581 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 2 Lorraine Court, Osborne Villas, Hove is £259,901 and the estimated rental value is £1,322 per month.
The apartment is within 2, Osborne Villas, Hove, BN3.
Osborne Villas, Hove, BN3 is located within the BN3 postal district.
Our Data Sources
2 Lorraine Court, Osborne Villas, Hove has 31 entries in the Land Registry , most recently in July 2015 and a single entry in the EPC database dated August 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 2 Lorraine Court, Osborne Villas, Hove is in very good condition we estimate a sale value of £272,896 and a rental value of £1,388 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £241,708 and a rental value of £1,229 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 2 Lorraine Court, Osborne Villas, Hove has fallen by £9,149 (3.5%), while its estimated rental value has moved up by £37 per month (2.8%). Based on current estimates, the property offers a gross rental yield of 6.1%.
Energy Efficiency
2 Lorraine Court, Osborne Villas, Hove has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 29 Aug 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
According to HM Land Registry, 2 Lorraine Court, Osborne Villas, Hove was last sold on 31st July 2015 for £240,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since July 2015, the market for similar properties has risen by 5.0%.
- Sold Jul 2015£240,000
- Sold Aug 2001£120,000
- Sold May 2001£77,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2 Lorraine Court, Osborne Villas, Hove within a radius of 280 metres over the last 2 years.
The most recent example is Flat 10, The Priory 8, St. Catherines Terrace, Hove, BN3 2RQ, a leasehold flat which sold for £246,000 on the 16th August 2024.
Read more about house prices in BN3.
- Sold Aug 2024£246,000 | 2 Bed FlatThe Priory 8, St. Catherines TerraceFlat 10, The Priory 8, St. Catherines Terrace, Hove, BN3 2RQ
- Sold Aug 2024£310,000 | 2 Bed FlatVentnor Lodge 9, Ventnor VillasFlat 3, Ventnor Lodge 9, Ventnor Villas, Hove, BN3 3DD
- Sold Feb 2024£312,000 | 2 Bed FlatVentnor Lodge 9, Ventnor VillasFlat 4, Ventnor Lodge 9, Ventnor Villas, Hove, BN3 3DD
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Osborne Villas, Hove, BN3 has a total of 150 addresses. According to our analysis of all the public data, 2 Lorraine Court, Osborne Villas, Hove is the 83rd largest and the 129th most expensive property on the street.
When compared to the postcode district it is £220k less expensive than the average property in BN3.
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Schools Nearby
- 400mSt Andrew's CofE (Aided) Primary School
- 1.1kmBrunswick Primary School
- 1.4kmCottesmore St Mary's Catholic Primary School
- 1.6kmHove Park School and Sixth Form Centre
- 1.6kmCardinal Newman Catholic School
- 2.0kmBlatchington Mill School
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Public Transport Nearby
The closest station to 2 Lorraine Court, Osborne Villas, Hove is Hove station, which is 900 metres away.
- 900mHove
- 1.1kmAldrington
- 2.3kmBrighton
Available Internet Speeds
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.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
