According to the public record, 40A, Norfolk Road, Brighton is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 410 ft2 of internal area and a garden.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 40, Norfolk Road, Brighton, BN1.
Norfolk Road, Brighton, BN1 is located within the BN1 postal district.
40A, Norfolk Road, Brighton has 2 entries in the Land Registry database, most recently in July 2018 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 40A Norfolk Road Brighton as £318,514 and the rental value as £1,284 per month giving an expected gross yield of 4.8%.
Over the last 12 months the sale value of 40A Norfolk Road Brighton has increased by £6,052 (1.9%) and its rental value has increased by £124 per month (9.6%).
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 40A, Norfolk Road, Brighton is in very good condition we estimate a sale value of £334,439 and rental value of £1,348 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £296,218 and a rental value of £1,194 per month.
If you were able to purchase this property for the estimated value of £318,514, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,565 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, 40A, Norfolk Road, Brighton was last sold on 11 Jul 2018 for £210,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jul 2018, the market for similar properties has risen 12.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40A, Norfolk Road, Brighton within a radius of 200 metres over the last 2 years.
The most recent example is Flat 2, 21-22 , Montpelier Place, Brighton, BN1 3BF, a Leasehold flat which sold for £300,000 in Mar 2023.
Read more about house prices in BN1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Norfolk Road, Brighton, BN1 has a total of 114 addresses. According to our analysis of all the public data, 40A, Norfolk Road, Brighton is the 80th largest and the 67th most expensive property on the street.
When compared to the postcode district it is £158k less expensive than the average property in BN1.
The closest station to 40A, Norfolk Road, Brighton is Brighton station which is 1.0 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 40A, Norfolk Road, Brighton, 44.7% of property is privately rented and 26.3% is socially rented.
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 40A, Norfolk Road, Brighton, 47.9% of residents are recorded as possessing school level qualifications and 52.8% 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 40A, Norfolk Road, 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 40A, Norfolk Road, 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 40A, Norfolk Road, 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.