According to the public record, Apartment 3, 157-159, Preston Road, Brighton is a period leasehold apartment with 1,044 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in 157-159, Preston Road, Brighton, BN1.
Preston Road, Brighton, BN1 is located within the BN1 postal district.
Apartment 3, 157-159, Preston Road, Brighton has a single entry in the Land Registry database from September 2017 and a single entry in the EPC database dated August 2016.
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 3 157-159 Preston Road Brighton as £514,400 and the rental value as £2,189 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of Apartment 3 157-159 Preston Road Brighton has increased by £6,355 (1.2%) and its rental value has increased by £179 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 3, 157-159, Preston Road, Brighton is in very good condition we estimate a sale value of £540,120 and rental value of £2,299 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £478,392 and a rental value of £2,036 per month.
If you were able to purchase this property for the estimated value of £514,400, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,528 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 3, 157-159, Preston Road, Brighton was last sold on 01 Sep 2017 for £550,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Sep 2017, the market for similar properties has risen 8.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 3, 157-159, Preston Road, Brighton within a radius of 410 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 Road, Brighton, BN1 has a total of 552 addresses. According to our analysis of all the public data, Apartment 3, 157-159, Preston Road, Brighton is the 79th largest and the 42nd most expensive property on the street.
When compared to the postcode district it is £38k more expensive than the average property in BN1.
Apartment 3, 157-159, Preston Road, Brighton has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 02 Aug 2016.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and underfloor heating.
The closest station to Apartment 3, 157-159, Preston Road, Brighton is London Road (Brighton) station which is 700 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 3, 157-159, Preston Road, Brighton, 54.5% of property is privately rented and 24.9% 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 Apartment 3, 157-159, Preston Road, Brighton, 24.5% of residents are recorded as possessing school level qualifications and 56.7% 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 Apartment 3, 157-159, Preston Road, 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 3, 157-159, Preston 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 Apartment 3, 157-159, Preston Road, Brighton, there are an average of 0.7 cars per household.
See below for how this compares to South East and the rest of England & Wales.