According to the public record, 2A, Ballards Mill Close, Brighton is a period Leasehold apartment with 576 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 2, Ballards Mill Close, Brighton, BN1.
Ballards Mill Close, Brighton, BN1 is located within the BN1 postal district.
2A, Ballards Mill Close, Brighton has 2 entries in the Land Registry database, most recently in December 2019 and a single entry in the EPC database dated September 2019.
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 2A Ballards Mill Close Brighton as £311,423 and the rental value as £1,473 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 2A Ballards Mill Close Brighton has increased by £7,756 (2.5%) and its rental value has increased by £144 per month (9.8%).
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 2A, Ballards Mill Close, Brighton is in very good condition we estimate a sale value of £326,994 and rental value of £1,547 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £289,623 and a rental value of £1,370 per month.
If you were able to purchase this property for the estimated value of £311,423, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,531 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, 2A, Ballards Mill Close, Brighton was last sold on 13 Dec 2019 for £240,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Dec 2019, the market for similar properties has risen 10.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2A, Ballards Mill Close, Brighton within a radius of 610 metres over the last 2 years.
The most recent example is 1A, Church Close, Brighton, BN1 8HS, a Leasehold flat which sold for £290,000 in Jan 2023.
Read more about house prices in BN1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Ballards Mill Close, Brighton, BN1 has a total of 5 addresses. According to our analysis of all the public data, 2A, Ballards Mill Close, Brighton is the 5th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £165k less expensive than the average property in BN1.
2A, Ballards Mill Close, Brighton has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 27 Sep 2019.
The property is not connected to mains gas and has high performance glazing. It is heated using Room heaters, electric.
The closest station to 2A, Ballards Mill Close, Brighton is Preston Park station which is 1.6 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 2A, Ballards Mill Close, Brighton, 46.1% of property is privately owned outright and 41.4% 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 2A, Ballards Mill Close, Brighton, 22.5% of residents are recorded as possessing school level qualifications and 47.6% 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 2A, Ballards Mill Close, Brighton, the average age was 44 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 2A, Ballards Mill Close, Brighton, 2.3% 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 2A, Ballards Mill Close, Brighton, there are an average of 1.5 cars per household.
See below for how this compares to South East and the rest of England & Wales.