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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
According to the public record, Flat 1, Faraday House, Rye is a period leasehold apartment with 721 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 1, Faraday House, Rye is £307,329 and the estimated rental value is £1,402 per month.
The apartment is within Faraday House, The Mint, Rye, TN31.
The Mint, Rye, TN31 is located in the borough of Rother within the TN31 postal district.
Flat 1, Faraday House, Rye has a single entry in the Land Registry from February 2021 and a single entry in the EPC database dated October 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
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 Flat 1, Faraday House, Rye is in very good condition we estimate a sale value of £322,695 and a rental value of £1,472 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £285,816 and a rental value of £1,304 per month.
Over the last 12 months the sale value of Flat 1 Faraday House Rye has decreased by an estimated £4,707 (1.5%) and its rental value has increased by an estimated £30 per month (2.1%), giving an expected gross yield of 5.5%.
Flat 1, Faraday House, Rye has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 27 Oct 2020.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, Flat 1, Faraday House, Rye was last sold on 15th February 2021 for £297,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since February 2021, the market for similar properties has dropped 5.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, Faraday House, Rye within a radius of 810 metres over the last 2 years.
The most recent example is Flat 2, 54, Cinque Ports Street, Rye, TN31 7AN, a leasehold flat which sold for £285,000 on the 30th April 2024.
Read more about house prices in TN31.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Mint, Rye, TN31 has a total of 32 addresses. According to our analysis of all the public data, Flat 1, Faraday House, Rye is the 25th largest and the 24th most expensive property on the street.
When compared to the postcode district it is £134k less expensive than the average property in TN31.
The closest station to Flat 1, Faraday House, Rye is Rye (Sussex) station which is 200 metres away.
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.
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The recent census recorded whether a resident owned or rented their home.
In the area around Flat 1, Faraday House, Rye, 42.4% of property is privately rented and 39.2% is privately owned outright.
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 Flat 1, Faraday House, Rye, 7.1% of residents are recorded as possessing school level qualifications and 47.5% 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 Flat 1, Faraday House, Rye, the average age was 48.9 and the most common age was 72.
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 Flat 1, Faraday House, Rye, 1.7% 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 Flat 1, Faraday House, Rye, there are an average of 1.0 cars per household.
See below for how this compares to South East and the rest of England & Wales.
