According to the public record, Flat 22, Hanover Lofts 8, Brighton is a period leasehold apartment with 925 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 22, Hanover Lofts 8, Brighton has 41 entries in the Land Registry database, most recently in November 2018 and a single entry in the EPC database dated August 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 22 Hanover Lofts 8 Brighton as £436,418 and the rental value as £2,061 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of Flat 22 Hanover Lofts 8 Brighton has increased by £15,779 (3.6%) and its rental value has increased by £221 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 22, Hanover Lofts 8, Brighton is in very good condition we estimate a sale value of £458,239 and rental value of £2,164 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £405,869 and a rental value of £1,917 per month.
If you were able to purchase this property for the estimated value of £436,418, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,145 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 22, Hanover Lofts 8, Brighton was last sold on 09 Nov 2018 for £340,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Nov 2018, the market for similar properties has risen 13.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 22, Hanover Lofts 8, Brighton within a radius of 280 metres over the last 2 years.
The most recent example is Flat 3, Hanover Lofts 8, Finsbury Road, Brighton, BN2 9YU, a Leasehold flat which sold for £482,000 in Dec 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 22, Hanover Lofts 8, Brighton is the 25th largest and the 24th most expensive property on the street.
When compared to the postcode district it is £14k more expensive than the average property in BN2.
Flat 22, Hanover Lofts 8, Brighton has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 04 Aug 2022.
The property is connected to mains gas and has some double glazing. It is heated using a boiler and radiators.
The closest station to Flat 22, 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 22, 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 22, 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 22, 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 22, 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 22, 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.