According to the public record, Flat 4, 61, Springfield Road, Brighton is a period leasehold apartment with 301 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 61, Springfield Road, Brighton, BN1.
Springfield Road, Brighton, BN1 is located within the BN1 postal district.
Flat 4, 61, Springfield Road, Brighton has a single entry in the Land Registry database from November 2021 and a single entry in the EPC database dated August 2020.
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 4 61 Springfield Road Brighton as £184,255 and the rental value as £951 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of Flat 4 61 Springfield Road Brighton has increased by £3,677 (2.0%) and its rental value has increased by £85 per month (9.0%).
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 4, 61, Springfield Road, Brighton is in very good condition we estimate a sale value of £193,467 and rental value of £999 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £171,357 and a rental value of £884 per month.
If you were able to purchase this property for the estimated value of £184,255, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £906 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 4, 61, Springfield Road, Brighton was last sold on 12 Nov 2021 for £165,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Nov 2021, the market for similar properties has risen 0.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 4, 61, Springfield Road, Brighton within a radius of 330 metres over the last 2 years.
The most recent example is Flat 2, 61, Springfield Road, Brighton, BN1 6DF, a Leasehold flat which sold for £217,500 in Jun 2022.
Read more about house prices in BN1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Springfield Road, Brighton, BN1 has a total of 519 addresses. According to our analysis of all the public data, Flat 4, 61, Springfield Road, Brighton is the 506th largest and the 507th most expensive property on the street.
When compared to the postcode district it is £292k less expensive than the average property in BN1.
Flat 4, 61, Springfield Road, Brighton has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 03 Aug 2020.
The property is connected to mains gas and has single glazed windows. It is heated using electric storage heaters.
The closest station to Flat 4, 61, Springfield Road, Brighton is London Road (Brighton) station which is 100 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 4, 61, Springfield Road, Brighton, 36.4% of property is privately rented and 33.9% 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 4, 61, Springfield Road, Brighton, 19.9% of residents are recorded as possessing school level qualifications and 58.9% 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 4, 61, Springfield Road, Brighton, the average age was 37.9 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 4, 61, Springfield Road, Brighton, 0.8% 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 4, 61, Springfield Road, 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.