According to the public record, Flat 2, 15, Richmond Road, Brighton is a period leasehold apartment with 516 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
The apartment is in 15, Richmond Road, Brighton, BN2.
Richmond Road, Brighton, BN2 is located within the BN2 postal district.
Flat 2, 15, Richmond Road, Brighton has 51 entries in the Land Registry database, most recently in December 2023 and a single entry in the EPC database dated July 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 Flat 2 15 Richmond Road Brighton as £237,626 and the rental value as £1,379 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of Flat 2 15 Richmond Road Brighton has increased by £8,384 (3.5%) and its rental value has increased by £147 per month (10.6%).
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 2, 15, Richmond Road, Brighton is in very good condition we estimate a sale value of £249,508 and rental value of £1,448 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £220,993 and a rental value of £1,283 per month.
If you were able to purchase this property for the estimated value of £237,626, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,168 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 2, 15, Richmond Road, Brighton was last sold on 04 Dec 2023 for £217,500 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Dec 2023, the market for similar properties has risen 4.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, 15, Richmond Road, Brighton within a radius of 320 metres over the last 2 years.
The most recent example is Flat 8, 21-23, Richmond Road, Brighton, BN2 3RL, a Leasehold flat which sold for £250,000 in Nov 2023.
Read more about house prices in BN2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Richmond Road, Brighton, BN2 has a total of 148 addresses. According to our analysis of all the public data, Flat 2, 15, Richmond Road, Brighton is the 98th largest and the 117th most expensive property on the street.
When compared to the postcode district it is £185k less expensive than the average property in BN2.
Flat 2, 15, Richmond Road, Brighton has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 11 Jul 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 2, 15, Richmond Road, Brighton is London Road (Brighton) station which is 500 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 Flat 2, 15, Richmond Road, Brighton, 41.3% of property is privately rented and 33.3% 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 Flat 2, 15, Richmond Road, Brighton, 28.2% of residents are recorded as possessing school level qualifications and 59.5% 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 2, 15, Richmond 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 Flat 2, 15, Richmond Road, Brighton, 1.6% 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 2, 15, Richmond Road, 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.