According to the public record, 12A, Norfolk Terrace, Brighton is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 705 ft2 of internal area and a garden.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 12, Norfolk Terrace, Brighton, BN1.
Norfolk Terrace, Brighton, BN1 is located within the BN1 postal district.
12A, Norfolk Terrace, Brighton has 41 entries in the Land Registry database, most recently in September 2020 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 12A Norfolk Terrace Brighton as £395,121 and the rental value as £1,794 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of 12A Norfolk Terrace Brighton has increased by £11,179 (2.8%) and its rental value has increased by £191 per month (10.6%).
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 12A, Norfolk Terrace, Brighton is in very good condition we estimate a sale value of £414,877 and rental value of £1,884 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £367,463 and a rental value of £1,669 per month.
If you were able to purchase this property for the estimated value of £395,121, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,942 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, 12A, Norfolk Terrace, Brighton was last sold on 14 Sep 2020 for £330,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Sep 2020, the market for similar properties has risen 10.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 12A, Norfolk Terrace, Brighton within a radius of 240 metres over the last 2 years.
The most recent example is Flat 9, 21-22, Montpelier Place, Brighton, BN1 3BF, a Leasehold flat which sold for £327,500 in Nov 2023.
Read more about house prices in BN1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Norfolk Terrace, Brighton, BN1 has a total of 225 addresses. According to our analysis of all the public data, 12A, Norfolk Terrace, Brighton is the 36th largest and the 22nd most expensive property on the street.
When compared to the postcode district it is £82k less expensive than the average property in BN1.
The closest station to 12A, Norfolk Terrace, Brighton is Brighton station which is 900 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 12A, Norfolk Terrace, Brighton, 65.5% of property is privately rented and 18.7% is privately owned with a mortgage.
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 12A, Norfolk Terrace, Brighton, 10.9% of residents are recorded as possessing school level qualifications and 57.6% 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 12A, Norfolk Terrace, Brighton, the average age was 37.5 and the most common age was 27.
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 12A, Norfolk Terrace, Brighton, 0.4% 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 12A, Norfolk Terrace, Brighton, there are an average of 0.4 cars per household.
See below for how this compares to South East and the rest of England & Wales.