Apartment 3, Verano, 58 Palmeira Avenue, Hove, BN3 3GF is a leasehold flat built between 2003-2006. The property offers approximately 1,076 square feet of living space and is situated on the 1st floor. In this location, apartments of similar size usually have four bedrooms.

The estimated current market value of the property is £578,352 , which equates to approximately £537 per square foot. It was last sold on 16 May 2023 for £585,000. Since then, the value has decreased by £6,648, representing a 1.1% decrease, or approximately 0.4% per year.

The current estimated value of £578,352 is:

  • 69.0% higher than the average property price on Palmeira Avenue
  • 10.2% higher than the average in the BN3 3GF postcode area
  • and 12.0% higher than the average price for Hove as a whole

This property has had 2 EPC inspections with recorded tenure information. It was recorded as owner-occupied both times. This suggests the property has typically been lived in by its owners, which often reflects longer-term residency and more consistent maintenance.

At the most recent EPC inspection on 24 November 2021, the property was recorded as owner-occupied.

View sold house prices in BN3 3GF

Building approximate location

About Property

Type
Flat
Built
2003-2006
Interior Size
1076 sq ft
Tenure
Leasehold
Floor level
1st floor
Price (estimate)
£578,352
Price Per sq ft (estimate)
£537
Bedroom Count (estimate)
4 bedrooms

EPC Summary

Apartment 3, Verano, 58 Palmeira Avenue, Hove, Brighton And Hove, East Sussex, BN3 3GF has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 24 Nov 2021.

This property uses a gas-fired boiler and radiators, connected to the mains gas supply, as its main heating source. A standard tariff electric immersion heater is used to provide hot water. The windows are fully double glazed.

The previous EPC assessment was conducted on 14 Apr 2015, when the property was rated B. The current rating of C reflects a decline in energy efficiency of 10.7%.

Since the previous assessment, several changes were observed:

  • The heating system changed from boiler and underfloor heating, mains gas to boiler and radiators, mains gas, with no change in energy efficiency (good).
  • The hot water system was changed from from main system to electric immersion, standard tariff, with its energy efficiency changing from good to very poor.
  • The roof construction or insulation changed from (other premises above) to (another dwelling above), with no change in energy efficiency (n/a).
  • The wall construction or insulation changed from average thermal transmittance 0.15 w/m-¦k to cavity wall, filled cavity, changing energy efficiency from very good to good.
  • The windows were upgraded from high performance glazing to fully double glazed.
Heating Type
Boiler and radiators, mains gas
Good
Hot Water
Electric immersion, standard tariff
Very Poor
Walls
Cavity wall, filled cavity
Good
Windows
Fully double glazed
Good
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to BN3 3GF

16 th / 92
Price Rank
10% higher than average
14 th / 76
Size Rank
4% bigger than average
16 th / 76
Price Per Sq FT Rank
6% higher than average

Compared to other properties in BN3 3GF , this flat's estimated value ranks 16th out of 92. Based on price per square foot, it ranks 16th out of 76 properties. This suggests a relatively high price per square foot, which may reflect quality, location, or recent upgrades. In terms of size, this home ranks 14th out of 76 properties in its postcode area.

Sale History

Today
£578,352
streetscan.co.uk estimate
-1 %
16 May 2023
£585,000
Leasehold
+3.9 %
6 May 2015
£563,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 3
size: 936 sq ft
sale price: £102,286
sale date: 30 Jan 2024
rooms: 3
size: 936 sq ft
sale price: £360,000
sale date: 23 Aug 2022
rooms: 3
size: 936 sq ft
sale price: £623,000
sale date: 18 Oct 2019
rooms: 4
size: 1216 sq ft
sale price: £545,000
sale date: 21 Jun 2013
rooms: 4
size: 1227 sq ft
sale price: £498,000
sale date: 12 Jun 2012

Data Sources

The property at Apartment 3, Verano, 58 Palmeira Avenue, Hove, BN3 3GF appears two times in the Land Registry records, with the latest transaction recorded on 16 May 2023. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 24 Nov 2021. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


Disclaimer: StreetScan.co.uk makes all reasonable efforts to ensure the information provided on this website is current and accurate; however, no warranties or representations are made as to its completeness or accuracy. StreetScan.co.uk expressly disclaims any and all liability for any loss, damage, or expense arising directly or indirectly from the use of, or reliance upon, such information.