According to the public record, Basement Flat, 69A, Vere Road, Brighton is a period leasehold apartment with 473 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a garden.
Vere Road, Brighton, BN1 is located within the BN1 postal district.
Basement Flat, 69A, Vere Road, Brighton has 41 entries in the Land Registry database, most recently in October 2022 and a single entry in the EPC database dated June 2023.
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 Basement Flat 69A Vere Road Brighton as £271,884 and the rental value as £1,239 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of Basement Flat 69A Vere Road Brighton has increased by £6,476 (2.4%) and its rental value has increased by £117 per month (9.4%).
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, 69A, Vere Road, Brighton is in very good condition we estimate a sale value of £285,479 and rental value of £1,301 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £252,852 and a rental value of £1,152 per month.
If you were able to purchase this property for the estimated value of £271,884, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,336 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, 69A, Vere Road, Brighton was last sold on 04 Oct 2022 for £282,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Oct 2022, the market for similar properties has dropped 0.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Basement Flat, 69A, Vere Road, Brighton within a radius of 310 metres over the last 2 years.
The most recent example is Ground Floor Flat, 48, Vere Road, Brighton, BN1 4NR, a Leasehold flat which sold for £325,000 in Feb 2023.
Read more about house prices in BN1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Vere Road, Brighton, BN1 has a total of 111 addresses. According to our analysis of all the public data, Basement Flat, 69A, Vere Road, Brighton is the 80th largest and the 94th most expensive property on the street.
When compared to the postcode district it is £205k less expensive than the average property in BN1.
Basement Flat, 69A, Vere Road, Brighton has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 30 Jun 2023.
The property is not connected to mains gas and has partial double glazing. It is heated using Room heaters, electric.
The closest station to Basement Flat, 69A, Vere Road, Brighton is London Road (Brighton) station which is 200 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 Basement Flat, 69A, Vere Road, Brighton, 55.2% of property is privately rented and 25.9% 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 Basement Flat, 69A, Vere Road, Brighton, 25.4% of residents are recorded as possessing school level qualifications and 51.1% 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, 69A, Vere Road, Brighton, the average age was 33.5 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 Basement Flat, 69A, Vere Road, Brighton, 1.0% 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 Basement Flat, 69A, Vere 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.