According to the public record, Apartment 2, Preston Mansions, Brighton is a modern leasehold apartment with 979 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in Preston Mansions, Preston Park Avenue, Brighton, BN1.
Preston Park Avenue, Brighton, BN1 is located within the BN1 postal district.
Apartment 2, Preston Mansions, Brighton has 2 entries in the Land Registry database, most recently in July 2010 and a single entry in the EPC database dated November 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 Apartment 2 Preston Mansions Brighton as £498,622 and the rental value as £2,121 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of Apartment 2 Preston Mansions Brighton has increased by £6,181 (1.2%) and its rental value has increased by £174 per month (8.2%).
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 Apartment 2, Preston Mansions, Brighton is in very good condition we estimate a sale value of £523,553 and rental value of £2,227 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £463,719 and a rental value of £1,973 per month.
If you were able to purchase this property for the estimated value of £498,622, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,451 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, Apartment 2, Preston Mansions, Brighton was last sold on 07 Jul 2010 for £295,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jul 2010, the market for similar properties has risen 54.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 2, Preston Mansions, Brighton within a radius of 390 metres over the last 2 years.
The most recent example is Apartment 26, Preston Mansions, Preston Park Avenue, Brighton, BN1 6HP, a Leasehold flat which sold for £450,000 in Apr 2024.
Read more about house prices in BN1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Preston Park Avenue, Brighton, BN1 has a total of 257 addresses. According to our analysis of all the public data, Apartment 2, Preston Mansions, Brighton is the 69th largest and the 67th most expensive property on the street.
When compared to the postcode district it is £22k more expensive than the average property in BN1.
Apartment 2, Preston Mansions, Brighton has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 14 Nov 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler with both radiators and underfloor heating.
The closest station to Apartment 2, Preston Mansions, Brighton is London Road (Brighton) station which is 400 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 Apartment 2, Preston Mansions, Brighton, 37.8% of property is privately rented and 33.2% 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 Apartment 2, Preston Mansions, Brighton, 8.7% of residents are recorded as possessing school level qualifications and 59.9% 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 Apartment 2, Preston Mansions, Brighton, the average age was 37.9 and the most common age was 22.
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 Apartment 2, Preston Mansions, Brighton, 0.3% 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 Apartment 2, Preston Mansions, Brighton, there are an average of 0.9 cars per household.
See below for how this compares to South East and the rest of England & Wales.