Flat 3, 1, St Georges Place, Brighton, Brighton And Hove, BN1 4GALocation See map

Flat 3 1 St Georges Place is a 190 square foot flat with a valuation of £108,000.

Since the property was last sold in January 2023 for £109,000, its value has fallen by £1,000.

Valuation Trends

Sold property prices and home valuation trends over time

Street sold prices

Property Summary

Flat features, location, and investment performance

Flat 3 1 St Georges Place is a leasehold flat, built before 1900. A 2013 survey recorded the property as having 190 square feet of floor space and space for 1 or 2 bedrooms, depending on layout.

The property was a reasonable investment for its previous owner, who made a £19,000 profit between March 2014 and January 2023.

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Flat 3, 1, St Georges Place, Brighton, Brighton And Hove BN1 4GA

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Sold Prices

Timeline of sold property prices and cost per square foot

Since Flat 3 1 St Georges Place's first recorded sale in 2007, the flat's price has risen by £25,000 or 2% per year.

During the same period, the price of an average home on St Georges Place increased by £177,000 or 4% per year, and the average UK home increased by 3% per year.

  1. Current valuation
    £108,000

    Flat leasehold, £568 per square foot

    - 1%
  2. Sold January 2023
    £109,000

    Flat leasehold, £574 per square foot

    + 21%
  3. Sold March 2014
    £90,000

    Flat leasehold, £474 per square foot

    + 8%
  4. Sold August 2007
    £83,000

    Flat leasehold, £437 per square foot

Valuation Comparison

Comparison of local and national property prices

House Prices in St Georges Place start at £108,000 for the cheapest property on the street, rising to £986,000 for the most expensive.

Flat 3 1 St Georges Place is worth 75% less than the £427,000 average property on St Georges Place and 64% less than the £300,000 average home in England.

Average Flat Prices in South East England

AREA
VALUE
Difference
£336,000
+ 211.1%
£328,000
+ 203.7%
£299,000
+ 176.9%
£294,000
+ 172.2%
£220,000
+ 103.7%
£216,000
+ 100.0%
£191,000
+ 76.9%
Flat 3 1 St Georges Place
£108,000

Cost per square foot valuation

Using local prices per square foot as benchmarks for valuation

When valuing this property, one factor we consider is the average cost per square foot (CPSF) for flats in the area. Based on this metric alone, the property's valuation would be £113,000.

Our valuation is at the lower end of the £496 to £694 CPSF you would have to pay for a typical flat in St Georges Place. Factors such as features and floor level affect CPSF, with past sale prices reflecting these differences.

Area
Cost per sq ft
Difference
£595
+ 4.6%
+ 4.6%
Flat 3 1 St Georges Place
£568

Energy Efficiency

Energy usage and efficiency compared to the average flat in England and Wales. Figures from a 2013 survey

PROPERTY
Average flat
Business
EPC Rating
Energy efficiency
D
C
Flame
Energy consumption
kWh per year
8,300
12,000
Cloud
CO₂ emissions
Tonnes per year
1.6
2.1

Valuation details

Property valuation details and commonly asked questions

In this section
  • Chevron Forward What condition is the property in?
  • How is the property valuation estimated?
  • Where are the figures sourced?
  • What should I do if the details are incorrect?

What condition is the property in?

At a sale price of £108,000, the property’s cost per square foot suggests it may be more modest in condition or features compared to neighbouring homes.

Making home improvements could increase the cost per square foot within the £496 to £694 per square foot range we typically see for flats in St Georges Place, increasing the property's value.

How is the property valuation estimated?

Every month, our Automated Valuation Model (AVM) determines property values.

Our AVM collects data from reputable sources, like HM Land Registry, and uses the data to estimate what each property is worth.

In our tests, we have found that the sale price of a property falls within our AVM's confidence range in most cases. However, there are scenarios where the valuations are not accurate. For example, if significant alterations have been made to a property recently or if a property is unique with few comparables.

For more details on the workings of our AVM, including its strengths, limitations, and how it measures up to traditional valuation methods, please refer to our guide 'How We Value Property'.

We try to make the valuations as accurate as possible, but they are estimates. When buying or selling property, you should speak to a qualified professional.

Where are the figures sourced?

Sold property prices, and data on property types/tenures, are sourced from the HM Land Registry.

There is a time delay in property sales appearing in HM Land Registry, which can be up to three months.

Other property details, such as energy efficiency, are estimates from a 2013 property survey.

What should I do if the details are incorrect?

We generate all our property valuations programmatically. They cannot be manually edited based on new information, such as evidence of redevelopment.

If sold property prices or property types are incorrect, you should verify them with HM Land Registry. You can notify HM Land Registry of any errors.

If any other property details are incorrect or out-of-date, they will update automatically when next surveyed.

You can verify property details related to energy efficiency.

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