According to the public record, Basement Flat 2, 159, Marine Parade, Brighton is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 464 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 159, Marine Parade, Brighton, BN2.
Marine Parade, Brighton, BN2 is located within the BN2 postal district.
Basement Flat 2, 159, Marine Parade, Brighton has 31 entries in the Land Registry database, most recently in September 2012 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 Basement Flat 2 159 Marine Parade Brighton as £381,269 and the rental value as £1,521 per month giving an expected gross yield of 4.8%.
Over the last 12 months the sale value of Basement Flat 2 159 Marine Parade Brighton has increased by £8,809 (2.3%) and its rental value has increased by £141 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 Basement Flat 2, 159, Marine Parade, Brighton is in very good condition we estimate a sale value of £400,333 and rental value of £1,597 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £354,581 and a rental value of £1,414 per month.
If you were able to purchase this property for the estimated value of £381,269, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,874 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, Basement Flat 2, 159, Marine Parade, Brighton was last sold on 03 Sep 2012 for £169,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Sep 2012, the market for similar properties has risen 57.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Basement Flat 2, 159, Marine Parade, Brighton within a radius of 370 metres over the last 2 years.
The most recent example is Flat 4, 17, Belgrave Place, Brighton, BN2 1EL, a Leasehold flat which sold for £269,500 in Feb 2023.
Read more about house prices in BN2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Marine Parade, Brighton, BN2 has a total of 747 addresses. According to our analysis of all the public data, Basement Flat 2, 159, Marine Parade, Brighton is the 619th largest and the 400th most expensive property on the street.
When compared to the postcode district it is £41k less expensive than the average property in BN2.
The closest station to Basement Flat 2, 159, Marine Parade, Brighton is Brighton station which is 2.1 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 Basement Flat 2, 159, Marine Parade, Brighton, 53.0% of property is privately rented and 18.2% 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 Basement Flat 2, 159, Marine Parade, Brighton, 6.2% of residents are recorded as possessing school level qualifications and 52.1% 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 Basement Flat 2, 159, Marine Parade, Brighton, the average age was 42.1 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 Basement Flat 2, 159, Marine Parade, Brighton, 0.5% 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 Basement Flat 2, 159, Marine Parade, 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.