Chester Terrace, Brighton, BN1

Street Guide For Chester Terrace, Brighton, BN1

 

Chester Terrace, Brighton, BN1 Map

Estimated Price: £532,272
Average Asking Price: £474,298
Price change in last one year: £37,765
Average Price Paid: £453,017
Average Rent Rates: £1,827

 

Property Prices Breakdown in Chester Terrace, Brighton, BN1

Average Price for property in Chester Terrace, Brighton, BN1 is around £532,272 which varies based on type of property you are interested in and ranges from £550,707 for detached house to around £460,904 for semi-detached. Similarly terraced house is around £545,087 and a flat is worth £227,716. Values have been changing and have risen £1,975 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £7,757 in last 6 months, £37,765 in last 1 year, £67,984 in last 2 years, £79,701 in last 3 years, £83,997 in last 4 years and £81,987 in last 5 years.

Currently average asking price of a property in Chester Terrace, Brighton, BN1 is around £474,298 based on approximately 5 properties for sale. Same is the case with rental options based on 341 properties up for rent, average asking rent is around £1,827 per month.

Estimated property value in Chester Terrace, Brighton, BN1 is £532,272. Average asking price is £474,298 while average price paid is £459,590 which is up by £37,765 and Avg. asking rent £1,827.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Chester Terrace, Brighton, BN1 area. In last 1 year alone average price buyer paid is around £459,590 based on approximately 5 sales in Chester Terrace, Brighton, BN1 area alone. If you compare it to last 3 years sales of 11 properties where buyers paid around £463,450. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £453,017 for 29 and average amount paid for purchase of approx. 34 properties sold in last 7 years comes to about £434,117 per sale.

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £184,950, £369,571 for a 2 bedroom house, £546,185 for a 3 bedroom house, £640,010 for a 4 bedroom house and £943,431 for a 5 bedroom house. For a flat similarly the prices varies from £219,260 for a single bedroom to £376,295 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £470,431 and £500,000 for a 4 bedroom flat. To sum up the asking prices for properties in Chester Terrace, Brighton, BN1 it comes to around average £217,830 for 1 bedroom property, £374,801 for 2 bedroom, £525,984 for 3 bedroom, £637,318 for 4 bedroom and £943,431 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £1,086 for 1 bedroom to £1,346 for 2 bedrooms, £1,539 for 3 bedrooms, £1,973 for 4 bedrooms and £2,163 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £821. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,178, £1,199 for 3 bedroom and £1,762 for 4 bedroom. You should be generally be expecting around average £838 rent per month for single bedroom property, £1,203 for 2 bedroom, £1,450 for 3 bedroom, £1,956 for 4 bedroom and approximately £2,163 for a 5 bedroom property in Chester Terrace, Brighton, BN1 area.

Popular Houses in Chester Terrace, Brighton, BN1

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Areas in and around Chester Terrace, Brighton, BN1