According to the public record, Flat 5, 88, Marine Parade, Brighton is a period leasehold apartment with 1,442 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 88, Marine Parade, Brighton, BN2.
Marine Parade, Brighton, BN2 is located within the BN2 postal district.
Flat 5, 88, Marine Parade, Brighton has a single entry in the Land Registry database from November 2022 and a single entry in the EPC database dated October 2019.
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 5 88 Marine Parade Brighton as £646,190 and the rental value as £2,653 per month giving an expected gross yield of 4.9%.
Over the last 12 months the sale value of Flat 5 88 Marine Parade Brighton has increased by £23,432 (3.6%) and its rental value has increased by £284 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 5, 88, Marine Parade, Brighton is in very good condition we estimate a sale value of £678,499 and rental value of £2,785 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £600,956 and a rental value of £2,467 per month.
If you were able to purchase this property for the estimated value of £646,190, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,176 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 5, 88, Marine Parade, Brighton was last sold on 23 Nov 2022 for £608,800 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Nov 2022, the market for similar properties has risen 1.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 5, 88, Marine Parade, Brighton within a radius of 280 metres over the last 2 years.
The most recent example is Flat 3, 88, Marine Parade, Brighton, BN2 1AJ, a Leasehold flat which sold for £622,500 in Jan 2022.
Read more about house prices in BN2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Marine Parade, Brighton, BN2 has a total of 747 addresses. According to our analysis of all the public data, Flat 5, 88, Marine Parade, Brighton is the 89th largest and the 88th most expensive property on the street.
When compared to the postcode district it is £224k more expensive than the average property in BN2.
Flat 5, 88, Marine Parade, Brighton has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 11 Oct 2019.
The property is connected to mains gas and has partial multiple glazing. It is heated using a boiler and radiators.
The closest station to Flat 5, 88, Marine Parade, Brighton is Brighton station which is 1.6 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 5, 88, Marine Parade, Brighton, 50.0% of property is privately rented and 24.2% 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 5, 88, Marine Parade, Brighton, 14.2% of residents are recorded as possessing school level qualifications and 60.5% 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 5, 88, Marine Parade, Brighton, the average age was 42.1 and the most common age was 27.
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 5, 88, Marine Parade, Brighton, 0.7% 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 5, 88, Marine Parade, 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.