Flat 3, 22
Flat 3, 22
Description & Estimates
Flat 3, 22, Palmeira Square, Hove is recorded publicly as a period leasehold apartment across 1,280 ft2 of internal area.
Locally, apartments of this size normally have 3 bedrooms.
Our estimate of the sale value of Flat 3, 22, Palmeira Square, Hove is £708,770 and its rental estimate is £2,669 per month, given the available information and assuming reasonable condition.
22, Palmeira Square is a residential building on Palmeira Square, Hove, BN3 and falls within the BN3 postal district.
Our Data Sources
Flat 3, 22, Palmeira Square, Hove has 51 entries in the Land Registry , most recently in October 2023 and a single entry in the EPC database dated May 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium 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 Flat 3, 22, Palmeira Square, Hove, we estimate a market value of £744,208 and a rental value of £2,802 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £659,156 and £2,482 per month respectively.
Recent Market Change
Over the last year, Flat 3, 22, Palmeira Square, Hove has seen its estimated sale value decrease by £27,003 (3.8%) and its estimated rental value grow by £68 per month (2.5%). This results in an estimated gross rental yield of 4.5%.
Energy Efficiency
Flat 3, 22, Palmeira Square, Hove has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 03 May 2023.
The property is connected to mains gas and has single glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of Flat 3, 22, Palmeira Square, Hove completed on 27th October 2023 at £800,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold 5 times.
Values of comparable properties have dropped by 24.2% over the period since October 2023.
- Sold Oct 2023£800,000
- Sold Oct 2012£500,000
- Sold Aug 2001£280,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 3, 22, Palmeira Square, Hove have sold within a radius of 240 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 17th January 2025, was Flat 1, 15, Second Avenue, Hove, BN3 2LL, a leasehold flat which sold for £690,000.
Read more about house prices in BN3.
- Sold Jan 2025£690,000 | 3 Bed Flat15, Second AvenueFlat 1, 15, Second Avenue, Hove, BN3 2LL
- Sold Oct 2024£725,000 | 3 Bed Flat37-38, Adelaide CrescentFlat 8, 37-38, Adelaide Crescent, Hove, BN3 2JL
- Sold Dec 2023£800,000 | 3 Bed Flat37-38, Adelaide CrescentFlat 7, 37-38, Adelaide Crescent, Hove, BN3 2JL
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 178 addresses on Palmeira Square, Hove, BN3, Flat 3, 22, Palmeira Square, Hove comes out as the 63rd largest and the 27th most expensive in our analysis of the public data.
It is also £229k more expensive than the average property across the BN3 district.
More reading links
Schools Nearby
- 500mBrunswick Primary School
- 900mSt Andrew's CofE (Aided) Primary School
- 1.1kmSt Mary Magdalen Catholic Primary School
- 1.3kmCardinal Newman Catholic School
- 1.9kmHove Park School and Sixth Form Centre
- 2.4kmBlatchington Mill School
More reading links
Public Transport Nearby
From Flat 3, 22, Palmeira Square, Hove, the nearest station is Hove, 1.1 kilometres away.
- 1.1kmHove
- 1.6kmAldrington
- 1.6kmBrighton
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.
