According to the public record, Flat 14, The Octagon, Brighton is a modern leasehold apartment with 559 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in The Octagon, Brighton Marina Village, Brighton, BN2.
Brighton Marina Village, Brighton, BN2 is located within the BN2 postal district.
Flat 14, The Octagon, Brighton has a single entry in the Land Registry database from February 2023 and a single entry in the EPC database dated September 2022.
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 Flat 14 The Octagon Brighton as £244,055 and the rental value as £1,406 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of Flat 14 The Octagon Brighton has increased by £3,114 (1.3%) and its rental value has increased by £115 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 Flat 14, The Octagon, Brighton is in very good condition we estimate a sale value of £256,258 and rental value of £1,477 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £226,971 and a rental value of £1,308 per month.
If you were able to purchase this property for the estimated value of £244,055, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,199 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 14, The Octagon, Brighton was last sold on 20 Feb 2023 for £215,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Feb 2023, the market for similar properties has risen 0.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 14, The Octagon, Brighton within a radius of 620 metres over the last 2 years.
The most recent example is Flat 5, The Octagon, Brighton, BN2 5UU, a Leasehold flat which sold for £280,000 in Feb 2024.
Read more about house prices in BN2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Brighton Marina Village, Brighton, BN2 has a total of 127 addresses. According to our analysis of all the public data, Flat 14, The Octagon, Brighton is the 59th largest and the 77th most expensive property on the street.
When compared to the postcode district it is £178k less expensive than the average property in BN2.
Flat 14, The Octagon, Brighton has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 30 Sep 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to Flat 14, The Octagon, Brighton is Brighton station which is 3.2 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 14, The Octagon, Brighton, 71.2% of property is privately rented and 12.2% is privately owned outright.
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 14, The Octagon, Brighton, 16.2% of residents are recorded as possessing school level qualifications and 53.3% 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 14, The Octagon, Brighton, the average age was 41.2 and the most common age was 52.
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 14, The Octagon, Brighton, 2.0% 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 Flat 14, The Octagon, 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.