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7, Varndean Drive, Brighton, Brighton And Hove, BN1 6RS See map
7 Varndean Drive is a 1,050 square foot flat with a valuation of £716,000.
Since the property was last sold in August 2022 for £712,500, its value has not significantly increased or decreased.
Valuation Trends
Sold property prices and home valuation trends over time
Learn about how we value property
Property Summary
Flat features, location, and investment performance
7 Varndean Drive is a leasehold flat, built in 1967-1975. A 2022 survey recorded the property as having 1,050 square feet of floor space and space for 3 bedrooms.
The property was a good investment for its previous owner, who made a £352,500 profit between April 2010 and August 2022.
Investment
7, Varndean Drive, Brighton, Brighton And Hove BN1 6RS
Sold Prices
Timeline of sold property prices and cost per square foot
Since 7 Varndean Drive's first recorded sale in 1996, the flat's price has risen by £616,000 or 23% per year.
During the same period, the price of an average home on Varndean Drive increased by £397,000 or 25% per year, and the average UK home increased by 14% per year.
- Current valuation£716,000
Flat leasehold, £682 per square foot
+ 0% - Sold August 2022£712,500
Flat leasehold, £679 per square foot
+ 98% - Sold April 2010£360,000
Flat leasehold, £343 per square foot
+ 29% - Sold May 2003£280,000
Flat leasehold, £267 per square foot
+ 180% - Sold November 1996£100,000
Flat leasehold, £95 per square foot
Valuation Comparison
Comparison of local and national property prices
House Prices in Varndean Drive start at £224,000 for the cheapest property on the street, rising to £1,039,000 for the most expensive.
7 Varndean Drive is worth 57% more than the £457,000 average property on Varndean Drive and 139% more than the £300,000 average home in England.
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 £495,000.
Our valuation is above the £402 to £541 CPSF you would have to pay for a typical flat in Varndean Drive. Factors such as features and floor level affect CPSF, with past sale prices reflecting these differences.
Area
Cost per sq ft
Difference
7 Varndean Drive
£682
Recently sold nearby
View allEnergy Efficiency
Energy usage and efficiency compared to the average flat in England and Wales. Figures from a 2022 survey
PROPERTY
Average flat
EPC Rating
Energy efficiency
C
C
Energy consumption
kWh per year
18,000
12,000
CO₂ emissions
Tonnes per year
3.2
2.1
Learn about Energy Performance Certificates (EPCs)
Valuation details
Property valuation details and commonly asked questions
In this section
- 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 £716,000, the property’s cost per square foot indicates a better condition than the neighbouring properties or that it possesses additional features to warrant the higher price.
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 2022 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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