According to the public record, Flat 6, 29, Vernon Terrace, Brighton is a period leasehold apartment with 473 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 29, Vernon Terrace, Brighton, BN1.
Vernon Terrace, Brighton, BN1 is located within the BN1 postal district.
Flat 6, 29, Vernon Terrace, Brighton has 31 entries in the Land Registry database, most recently in December 2023 and a single entry in the EPC database dated February 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 6 29 Vernon Terrace Brighton as £257,698 and the rental value as £1,250 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of Flat 6 29 Vernon Terrace Brighton has increased by £4,038 (1.6%) and its rental value has increased by £116 per month (9.3%).
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 6, 29, Vernon Terrace, Brighton is in very good condition we estimate a sale value of £270,583 and rental value of £1,312 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £239,659 and a rental value of £1,162 per month.
If you were able to purchase this property for the estimated value of £257,698, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,267 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 6, 29, Vernon Terrace, Brighton was last sold on 05 Dec 2023 for £250,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Dec 2023, the market for similar properties has risen 2.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 6, 29, Vernon Terrace, Brighton within a radius of 250 metres over the last 2 years.
The most recent example is 6A , Granville Road, Hove, BN3 1TG, a Leasehold flat which sold for £264,500 in Dec 2023.
Read more about house prices in BN1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Vernon Terrace, Brighton, BN1 has a total of 237 addresses. According to our analysis of all the public data, Flat 6, 29, Vernon Terrace, Brighton is the 181st largest and the 171st most expensive property on the street.
When compared to the postcode district it is £219k less expensive than the average property in BN1.
Flat 6, 29, Vernon Terrace, Brighton has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 15 Feb 2022.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 6, 29, Vernon Terrace, Brighton is 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 6, 29, Vernon Terrace, Brighton, 45.5% of property is privately rented and 36.4% is socially 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 6, 29, Vernon Terrace, Brighton, 9.5% of residents are recorded as possessing school level qualifications and 54.7% 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 6, 29, Vernon Terrace, Brighton, the average age was 37.5 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 6, 29, Vernon Terrace, 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 6, 29, Vernon Terrace, Brighton, there are an average of 0.3 cars per household.
See below for how this compares to South East and the rest of England & Wales.