2, Rainbow Square
2, Rainbow Square
Description & Estimates
According to the public record, 2, Rainbow Square, Shoreham-By-Sea is a modern freehold house with 1,355 ft2 of internal area and sits on a 137 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Rainbow Square, Shoreham-By-Sea is £488,773 and the estimated rental value is £2,245 per month.
Rainbow Square, Shoreham-By-Sea, BN43 is located in the borough of Adur within the BN43 postal district.
Our Data Sources
2, Rainbow Square, Shoreham-By-Sea has 2 entries in the Land Registry , most recently in August 2019 and a single entry in the EPC database dated September 2011.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high 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, Rainbow Square, Shoreham-By-Sea is in very good condition we estimate a sale value of £513,212 and a rental value of £2,357 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £454,559 and a rental value of £2,088 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 2, Rainbow Square, Shoreham-By-Sea has decreased by £23,863 (4.9%), while its estimated rental value has grown by £45 per month (2.0%). Based on current estimates, the property offers a gross rental yield of 5.5%.
Plot Size
According to data from HM Land Registry, 2, Rainbow Square, Shoreham-By-Sea sits on a plot of 137 m2.
We have plot size data on 45 out of 59 other houses in the postcode and 2, Rainbow Square, Shoreham-By-Sea sits on the 11th largest plot.
Energy Efficiency
2, Rainbow Square, Shoreham-By-Sea has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 09 Sep 2011.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
According to HM Land Registry, 2, Rainbow Square, Shoreham-By-Sea was last sold on 30th August 2019 for £415,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since August 2019, the market for similar properties has risen by 20.8%.
- Sold Aug 2019£415,000
- Sold Sep 2011£350,000
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, Rainbow Square, Shoreham-By-Sea within a radius of 540 metres over the last 2 years.
The most recent example is 40, Rainbow Square, Shoreham-By-Sea, BN43 6AX, a freehold house which sold for £542,000 on the 31st August 2022.
Read more about house prices in BN43.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Rainbow Square, Shoreham-By-Sea, BN43 has a total of 64 addresses. According to our analysis of all the public data, 2, Rainbow Square, Shoreham-By-Sea is the 3rd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £54k more expensive than the average property in BN43.
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Schools Nearby
- 300mSt Peter's Catholic Primary School
- 400mSt Nicolas & St Mary CofE Primary School
- 800mBuckingham Park Primary School
- 1.1kmShoreham Academy
- 2.7kmPortslade Aldridge Community Academy
- 5.0kmThe Sir Robert Woodard Academy
More reading links
Public Transport Nearby
The closest station to 2, Rainbow Square, Shoreham-By-Sea is Shoreham-by-Sea station, which is 1.0 kilometres away.
- 1.0kmShoreham-by-Sea
- 1.8kmSouthwick
- 2.9kmFishersgate
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.
