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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
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According to the public record, Flat 2, 4, Tower Road, Worthing is a period leasehold apartment with 226 ft2 of internal area.
Apartments of this size in this area are normally studios.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 2, 4, Tower Road, Worthing is £115,659 and the estimated rental value is £730 per month.
The apartment is within 4, Tower Road, Worthing, BN11.
Tower Road, Worthing, BN11 is located in the borough of Worthing within the BN11 postal district.
Flat 2, 4, Tower Road, Worthing has 2 entries in the Land Registry , most recently in January 2022 and a single entry in the EPC database dated July 2019.
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.
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 2, 4, Tower Road, Worthing is in very good condition we estimate a sale value of £121,442 and a rental value of £766 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £107,563 and a rental value of £679 per month.
Over the last 12 months the sale value of Flat 2 4 Tower Road Worthing has increased by an estimated £1,245 (1.1%) and its rental value has increased by an estimated £23 per month (3.2%), giving an expected gross yield of 7.6%.
Flat 2, 4, Tower Road, Worthing has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 23 Jul 2019.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
According to HM Land Registry, Flat 2, 4, Tower Road, Worthing was last sold on 21st January 2022 for £118,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since January 2022, the market for similar properties has risen 8.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, 4, Tower Road, Worthing within a radius of 470 metres over the last 2 years.
The most recent example is Flat 2, Hanover House 48, Chapel Road, Worthing, BN11 1BE, a leasehold flat which sold for £120,000 on the 19th November 2020.
Read more about house prices in BN11.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Tower Road, Worthing, BN11 has a total of 27 addresses. According to our analysis of all the public data, Flat 2, 4, Tower Road, Worthing is the 26th largest and the 26th most expensive property on the street.
When compared to the postcode district it is £200k less expensive than the average property in BN11.
The closest station to Flat 2, 4, Tower Road, Worthing is Worthing station which is 600 metres away.
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast 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 Flat 2, 4, Tower Road, Worthing, 29.7% of property is privately owned with a mortgage and 25.5% 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 Flat 2, 4, Tower Road, Worthing, 21.0% of residents are recorded as possessing school level qualifications and 39.5% 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 2, 4, Tower Road, Worthing, the average age was 42.5 and the most common age was 32.
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 2, 4, Tower Road, Worthing, 0.0% 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 2, 4, Tower Road, Worthing, 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.
