According to the public record, 3, Payne Terrace, Brighton is a period leasehold apartment with 581 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Payne Terrace, Brighton, BN1 is located within the BN1 postal district.
3, Payne Terrace, Brighton has 41 entries in the Land Registry database, most recently in March 2021 and a single entry in the EPC database dated June 2013.
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 3 Payne Terrace Brighton as £306,382 and the rental value as £1,552 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of 3 Payne Terrace Brighton has increased by £9,004 (2.9%) and its rental value has increased by £155 per month (10.0%).
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 3, Payne Terrace, Brighton is in very good condition we estimate a sale value of £321,701 and rental value of £1,629 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £284,935 and a rental value of £1,443 per month.
If you were able to purchase this property for the estimated value of £306,382, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,506 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, 3, Payne Terrace, Brighton was last sold on 11 Mar 2021 for £290,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Mar 2021, the market for similar properties has risen 6.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Payne Terrace, Brighton within a radius of 380 metres over the last 2 years.
The most recent example is 18, Roedale Road, Brighton, BN1 7GB, a Leasehold flat which sold for £275,000 in Aug 2021.
Read more about house prices in BN1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Payne Terrace, Brighton, BN1 has a total of 8 addresses. According to our analysis of all the public data, 3, Payne Terrace, Brighton is the 6th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £170k less expensive than the average property in BN1.
3, Payne Terrace, Brighton has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 25 Jun 2013.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 3, Payne Terrace, Brighton is London Road (Brighton) station which is 800 metres 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 3, Payne Terrace, Brighton, 43.5% of property is privately owned with a mortgage and 28.0% 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 3, Payne Terrace, Brighton, 28.8% of residents are recorded as possessing school level qualifications and 46.7% 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 3, Payne Terrace, Brighton, the average age was 37.2 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 3, Payne Terrace, Brighton, 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 3, Payne Terrace, Brighton, there are an average of 1.1 cars per household.
See below for how this compares to South East and the rest of England & Wales.