According to the public record, Flat 32, Viaduct Lofts, Brighton is a modern leasehold apartment with 538 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Viaduct Lofts, Melbourne Street, Brighton, BN2.
Melbourne Street, Brighton, BN2 is located within the BN2 postal district.
Flat 32, Viaduct Lofts, Brighton has a single entry in the Land Registry database from November 2015 and a single entry in the EPC database dated July 2015.
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 32 Viaduct Lofts Brighton as £225,198 and the rental value as £1,302 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of Flat 32 Viaduct Lofts Brighton has increased by £970 (0.4%) and its rental value has increased by £95 per month (7.3%).
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 32, Viaduct Lofts, Brighton is in very good condition we estimate a sale value of £236,458 and rental value of £1,368 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £209,434 and a rental value of £1,211 per month.
If you were able to purchase this property for the estimated value of £225,198, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,107 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 32, Viaduct Lofts, Brighton was last sold on 13 Nov 2015 for £58,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Nov 2015, the market for similar properties has risen 16.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 32, Viaduct Lofts, Brighton within a radius of 290 metres over the last 2 years.
The most recent example is Flat 25, Viaduct Lofts, Melbourne Street, Brighton, BN2 3BN, a Leasehold flat which sold for £230,000 in Nov 2023.
Read more about house prices in BN2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Melbourne Street, Brighton, BN2 has a total of 81 addresses. According to our analysis of all the public data, Flat 32, Viaduct Lofts, Brighton is the 61st largest and the 77th most expensive property on the street.
When compared to the postcode district it is £197k less expensive than the average property in BN2.
Flat 32, Viaduct Lofts, Brighton has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 11 Jul 2015.
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 32, Viaduct Lofts, Brighton is London Road (Brighton) station which is 800 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 32, Viaduct Lofts, Brighton, 61.3% of property is privately rented and 13.4% 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 32, Viaduct Lofts, Brighton, 52.7% of residents are recorded as possessing school level qualifications and 39.1% 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 Flat 32, Viaduct Lofts, 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 32, Viaduct Lofts, Brighton, 0.0% 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 32, Viaduct Lofts, Brighton, there are an average of 0.6 cars per household.
See below for how this compares to South East and the rest of England & Wales.