According to the public record, Flat 12A, Hanover Lofts 8, Brighton is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 1,093 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Hanover Lofts, Finsbury Road, Brighton, BN2.
Finsbury Road, Brighton, BN2 is located within the BN2 postal district.
Flat 12A, Hanover Lofts 8, Brighton has 2 entries in the Land Registry database, most recently in October 2015 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 Flat 12A Hanover Lofts 8 Brighton as £481,401 and the rental value as £2,220 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of Flat 12A Hanover Lofts 8 Brighton has increased by £17,406 (3.6%) and its rental value has increased by £238 per month (10.7%).
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 Flat 12A, Hanover Lofts 8, Brighton is in very good condition we estimate a sale value of £505,471 and rental value of £2,331 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £447,703 and a rental value of £2,064 per month.
If you were able to purchase this property for the estimated value of £481,401, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,366 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, Flat 12A, Hanover Lofts 8, Brighton was last sold on 09 Oct 2015 for £420,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Oct 2015, the market for similar properties has risen 19.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 12A, Hanover Lofts 8, Brighton within a radius of 280 metres over the last 2 years.
The most recent example is Flat 21, Hanover Lofts 8, Finsbury Road, Brighton, BN2 9YU, a Leasehold flat which sold for £500,000 in Apr 2023.
Read more about house prices in BN2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Finsbury Road, Brighton, BN2 has a total of 95 addresses. According to our analysis of all the public data, Flat 12A, Hanover Lofts 8, Brighton is the 17th largest and the 16th most expensive property on the street.
When compared to the postcode district it is £59k more expensive than the average property in BN2.
The closest station to Flat 12A, Hanover Lofts 8, Brighton is Brighton station which is 1.0 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 Flat 12A, Hanover Lofts 8, Brighton, 45.1% of property is privately owned with a mortgage and 30.9% is privately 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 Flat 12A, Hanover Lofts 8, Brighton, 33.3% of residents are recorded as possessing school level qualifications and 55.9% 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 Flat 12A, Hanover Lofts 8, 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 Flat 12A, Hanover Lofts 8, 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 Flat 12A, Hanover Lofts 8, Brighton, there are an average of 0.8 cars per household.
See below for how this compares to South East and the rest of England & Wales.