According to the public record, 8B, Southover Street, Brighton is a period leasehold apartment with 322 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a garden.
The apartment is in 8, Southover Street, Brighton, BN2.
Southover Street, Brighton, BN2 is located within the BN2 postal district.
8B, Southover Street, Brighton has 41 entries in the Land Registry database, most recently in December 2020 and a single entry in the EPC database dated April 2017.
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 8B Southover Street Brighton as £192,577 and the rental value as £1,066 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 8B Southover Street Brighton has increased by £4,333 (2.2%) and its rental value has increased by £99 per month (9.3%).
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 8B, Southover Street, Brighton is in very good condition we estimate a sale value of £202,206 and rental value of £1,119 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £179,097 and a rental value of £991 per month.
If you were able to purchase this property for the estimated value of £192,577, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £946 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, 8B, Southover Street, Brighton was last sold on 21 Dec 2020 for £173,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Dec 2020, the market for similar properties has risen 8.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8B, Southover Street, Brighton within a radius of 300 metres over the last 2 years.
The most recent example is Flat A, 53, Ditchling Road, Brighton, BN1 4SD, a Leasehold flat which sold for £187,500 in Dec 2021.
Read more about house prices in BN2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Southover Street, Brighton, BN2 has a total of 118 addresses. According to our analysis of all the public data, 8B, Southover Street, Brighton is the 107th largest and the 114th most expensive property on the street.
When compared to the postcode district it is £230k less expensive than the average property in BN2.
8B, Southover Street, Brighton has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 28 Apr 2017.
The property is not connected to mains gas and has partial double glazing. It is heated using Room heaters, electric.
The closest station to 8B, Southover Street, Brighton is 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 8B, Southover Street, Brighton, 45.4% of property is privately rented and 26.0% 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 8B, Southover Street, Brighton, 44.4% of residents are recorded as possessing school level qualifications and 47.4% 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 8B, Southover Street, Brighton, the average age was 33.9 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 8B, Southover Street, Brighton, 0.2% 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 8B, Southover Street, Brighton, there are an average of 0.5 cars per household.
See below for how this compares to South East and the rest of England & Wales.