63, Rainbow Square
63, Rainbow Square
Description & Estimates
63, Rainbow Square, Shoreham-By-Sea is recorded publicly as a modern freehold house across 1,259 ft2 of internal area, sitting on a 140 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 63, Rainbow Square, Shoreham-By-Sea is £461,422 and its rental estimate is £2,119 per month, given the available information and assuming reasonable condition.
Rainbow Square, Shoreham-By-Sea, BN43 falls within the BN43 postal district, in the borough of Adur.
Our Data Sources
63, Rainbow Square, Shoreham-By-Sea has 2 entries in the Land Registry , most recently in May 2017 and a single entry in the EPC database dated January 2013.
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
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 63, Rainbow Square, Shoreham-By-Sea, we estimate a market value of £484,494 and a rental value of £2,225 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £429,123 and £1,971 per month respectively.
Recent Market Change
Over the last year, 63, Rainbow Square, Shoreham-By-Sea has seen its estimated sale value decrease by £22,527 (4.9%) and its estimated rental value grow by £42 per month (2.0%). This results in an estimated gross rental yield of 5.5%.
Plot Size
HM Land Registry records the plot of land for 63, Rainbow Square, Shoreham-By-Sea as measuring 140 m2.
That makes it the 8th largest plot in the postcode, where 45 of the 59 other houses have recorded plot data.
Energy Efficiency
63, Rainbow Square, Shoreham-By-Sea has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 24 Jan 2013.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 63, Rainbow Square, Shoreham-By-Sea completed on 19th May 2017 at £405,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 23.7% over the period since May 2017.
- Sold May 2017£405,000
- Sold Mar 2013£304,950
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 63, Rainbow Square, Shoreham-By-Sea have sold within a radius of 570 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 13th May 2022, was 69, Rainbow Square, Shoreham-By-Sea, BN43 6AX, a freehold house which sold for £500,000.
Read more about house prices in BN43.
- Sold May 2022£500,000 | 4 Bed House69, Rainbow Square, Shoreham-By-Sea, BN43 6AX69, Rainbow Square, Shoreham-By-Sea, BN43 6AX
- Sold Nov 2021£435,000 | 4 Bed House45, Rainbow Square, Shoreham-By-Sea, BN43 6AX45, Rainbow Square, Shoreham-By-Sea, BN43 6AX
- Sold Jun 2021£430,000 | 4 Bed House65, Rainbow Square, Shoreham-By-Sea, BN43 6AX65, Rainbow Square, Shoreham-By-Sea, BN43 6AX
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 64 addresses on Rainbow Square, Shoreham-By-Sea, BN43, 63, Rainbow Square, Shoreham-By-Sea comes out as the 13th largest and the 13th most expensive in our analysis of the public data.
It is also £27k more expensive than the average property across the BN43 district.
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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
From 63, Rainbow Square, Shoreham-By-Sea, the nearest station is Shoreham-by-Sea, 1.0 kilometres away.
- 1.0kmShoreham-by-Sea
- 1.8kmSouthwick
- 2.9kmFishersgate
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
