According to the public record, 2, Esplanade Cottages 320, Brighton is a modern leasehold apartment with 961 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Esplanade Cottages, Madeira Drive, Brighton, BN2.
Madeira Drive, Brighton, BN2 is located within the BN2 postal district.
2, Esplanade Cottages 320, Brighton has a single entry in the Land Registry database from November 2011 and a single entry in the EPC database dated December 2010.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 2 Esplanade Cottages 320 Brighton as £439,315 and the rental value as £2,089 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 2 Esplanade Cottages 320 Brighton has increased by £15,933 (3.6%) and its rental value has increased by £224 per month (10.7%).
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 2, Esplanade Cottages 320, Brighton is in very good condition we estimate a sale value of £461,280 and rental value of £2,193 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £408,563 and a rental value of £1,942 per month.
If you were able to purchase this property for the estimated value of £439,315, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,159 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 2, Esplanade Cottages 320, Brighton was last sold on 10 Nov 2011 for £250,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Nov 2011, the market for similar properties has risen 61.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Esplanade Cottages 320, Brighton within a radius of 430 metres over the last 2 years.
The most recent example is Flat 16, The Leas 34-35 , Sussex Square, Brighton, BN2 5AD, a Leasehold flat which sold for £375,000 in Nov 2023.
Read more about house prices in BN2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Madeira Drive, Brighton, BN2 has a total of 10 addresses. According to our analysis of all the public data, 2, Esplanade Cottages 320, Brighton is the 4th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £17k more expensive than the average property in BN2.
2, Esplanade Cottages 320, Brighton has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 10 Dec 2010.
The property is not connected to mains gas and has partial double glazing. It is heated using an electric boiler and radiators.
The closest station to 2, Esplanade Cottages 320, Brighton is Brighton station which is 2.6 kilometres away.
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 2, Esplanade Cottages 320, Brighton, 71.2% of property is privately rented and 12.2% is privately owned outright.
The graph below shows how this compares to Greater London 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 2, Esplanade Cottages 320, Brighton, 16.2% of residents are recorded as possessing school level qualifications and 53.3% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, Esplanade Cottages 320, Brighton, the average age was 41.2 and the most common age was 52.
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 2, Esplanade Cottages 320, Brighton, 2.0% 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 2, Esplanade Cottages 320, Brighton, there are an average of 0.7 cars per household.
See below for how this compares to South East and the rest of England & Wales.