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Sometimes, working out the prices of the houses for sale can be tricky business. This is why we created this article all about the price of houses for sale in Brighton, East Sussex.
From the average asking price of houses for sale in Brighton, to the growth of the population in the area, all will be talked about regarding the city of Brighton. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
What is the asking price on average of houses for sale in Brighton?
As you go ahead and make offers on a house for sale, it is sometimes best to know what other people are offering for the same type of house for sale so you know what to offer yourself to get a good deal. So you should know, the average asking price of Brighton is £453,633.
Even though the asking price is not what the eventual price the house is sold at, making a note of the averages for the city of Brighton is useful when negotiating and knowing what to expect for every type of house for sale.
Average prices for the houses for sale in Brighton
| Average asking price (1 bed) | £275,700 |
| Average asking price (2 bed) | £391,644 |
| Average asking price (3 bed) | £546,140 |
| Average asking price (4 bed) | £712,628 |
| Average asking price (5 bed) | £1,030,571 |
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Brighton and if you may need to look at a different area in order to buy the type of house you can afford.
Also, noting the £4,163 should also give you an overview of what the asking price for houses for sale are in general.
What are the demographics like in the city of Brighton?
In the city of Brighton, how much green space remains for residents?
Whether you view green space in Brighton as important to you as a homeowner is up to your personal preferences. Having said this, there is a clear benefit on the overall health of people who live near green space as the government has stated keeping green space in proximity to people is one of the biggest factors for combating obesity.
In Brighton, the number of acres of green space for every 1000 people currently is 10 which can be measured against the UK average of 1.7.
What is the education level like in Brighton?
In the city of Brighton, 39% people have a degree from a university. The higher this proportion is, in general, the more likely it is that the population is able to buy a house.
Interestingly, as people who have degrees go up, the average income of the area goes up too. You can see if there is a correlation, the average household income in the UK is price34,000 and the average income in Brighton is £43,950.00.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
What is the population of Brighton?
The city of Brighton has a total population of 277591. Large population sizes can be good to show there is a high demand for people to buy houses in the area but a better indication is if the population of Brighton is growing.
A small population city can also have high prices of houses for sale, because, if there is a growing population, and demand is still high, this could mean the house prices are pushed up.
Either way, a population must also be looked at in terms of the appreciation of the area as well as the rental yields and if the area really meets your needs.
The five year population change of Brighton
Over time, in the last five years, the population of the city of Brighton has changed by 3%. This figure can tell you a lot because a growing population indicates a house is likely to appreciate. Read more here
In addition, looking at the 10 year figure for population growth in the below paragraphs can give you further evidence as to what the change in population has been for a longer period of time. As a result, you’ll know if this 3% population change is something that has been there for a while or if it is a new trend. Click here to know more on the UK population trends.
What is the difference in population over the last 10 years in Brighton?
In the last 10 years, there has been a shift in the population of 8%.
Comparing this to the 5 year figure of Brighton can tell you if there is a long history of population growth or decline, if there are population fluctuations or if the trend is stable.
New industries opening up in the area, the addition of new jobs and also international and national migration might all be reasons for changes in population size. Resulting in people moving in or leaving an area.
A good example of a quick change in population was in Stratford, London in 2012. Here, there was an increase in government spending in the area because of the Olympics which resulted in massive population growth.
How much do people in Brighton earn?
Typically, as people earn more money, the more they are able to afford and the better house prices in the area because demand goes up. You could also infer that the amenities such as schools, parks and public areas are generally of high quality as a result.
For these reasons, it could be argued that areas where people earn more money are generally nicer arrears to live in which also attracts more people as a result and further drives up house prices in the area.
To see if this phenomenon occurs in Brighton. Compare the area’s average household income of £43,950.00 to the average household income in the UK at price34,000. Adding to this, compare it with the figure for the highest social grade score too at 27% for more conclusive data on the affluence of the area.
What is the city of Brighton’s social grade score?
The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.
The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.
In Brighton, the percentage of people in the two highest categories, A and B is 27%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.
When contrasting these figures, the average household income for the area is £43,950.00. This income will generally get bigger as the percentage of people in the A and B categories go up too (27%).
Is the crime rate bad in the city of Brighton?
For every one thousand people living in Brighton, 12175% commits crimes and are prosecuted. Coming to a conclusion as to whether all the other factors of your house purchase like the house price justify this figure when contrasting it with the UK average of 79.52 is something you should do as a homeowner.
It could be that the crime rate is higher than you expected but there it is worth the population growth, appreciation of the house and worth the relative price you are purchasing the house for.
Nonetheless, the crime rate of 12175% is not a statistic that should just be ignored as you could have to pay more for things like home insurance and install additional security on your house if the rate is particularly high.
Either way, burglaries are not something you would want to encounter in a house. Whether that be a house you are living in or a house you are renting out to tenants.
Brighton within East Sussex is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Brighton will be looked at by comparing it to the local region, as well as comparing it to the wider region too (South East). From what the population of the city is to how it’s growing as well as factors like the overall crime rate.
This data is impacted by the history of the area and what kind of industry there is around. All of which also impact house prices which is crucial for you to understand as you look at houses for sale in Brighton.
Are the people of Brighton deprived?
The number of people who are deprived can have an impact on the perception of your house in the general marketplace. Additionally, if you are looking for a house to live in for the long term, you can start to picture what your neighbours and the people in your area live like financially.
If the proportion of deprivation of Brighton is £0 and in general for the UK this figure is somewhere around 33%, you can see if this figure is something you are happy with as you search for a house to buy.
Who can help you buy a house for sale in Brighton?
Who should you talk to while going through the process of making an offer on a house for sale?
Several experts specialise in giving advice to property investors or to first time potential buyers.
Since the process of finding the right house for sale can take months, you have all the time to consult with the experts you might need.
Find here a list of those you should contact to get professional guidance and assistance when purchasing a house for sale:
- Lender – This practitioner can lend you money to finalise a house purchase
- Insurer – Insuring companies will provide you with the insurance policy you need to protect the house for sale you want to buy
- Legal representative – This professional is usually there to handle all the legal tasks associated with purchasing a home for sale.
- Surveyor – Carries out and independent valuation on the house for sale based on its conditions. It is very useful to understand the correct price before making an offer
- Mortgage specialist – Mortgage advisors works on commissions. They will get a cut from the bank and will guide you with offering the best deals given your financial situation
- Energy assessor – We strongly suggest you to invest in a professional assessment of the Energy Performance of the house for sale you want to purchase
Why you should consider the average rental yield when searching for houses for sale in Brighton
The figure of rental yield is commonly looked at by investors who wish to increase their income by investing in areas where rental yields of the houses for sale are higher. Usually, the higher the rental yield, the more attractive a house for sale is for an investor. This is why it is common for landlords to increase rent using section 13, to maximise this yield, as it is so important.
Nonetheless, there are also instances where an investor will go with a house with lower yields in order to benefit from the appreciation of a house too which is why it’s vital to look into all the details of Brighton.
The data below shows the rental yield, rent turnover and the percentage of the money made on the sale of a house. The data is broken down into the county city is in (East Sussex) as well as the broader region; South East.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Brighton | £0 | £1,473 | £1 | £0 |
| East Sussex | 3.51% | £1,257.56 | 139.11% | 13.90% |
| South East | 0.04 | 1,300.68 | £1 | 16.69% |
Also, you can compare other data to the table above such as the number of houses sold per month in Brighton which is 58 and get a better understanding of the housing market.
This is great if you want to gauge if investors are actively looking for houses for sale in the area over other areas in the UK which may be an induction of how profitable Brighton is to invest in. Both in terms of rental yield and capital appreciation.
What is the growth in the housing market of Brighton?
Whenever you are thinking about looking for houses for sale in Brighton, think about how the city is growing and how this may impact the overall growth of the area.
Comparing the growth at different time periods would be a great way to assess whether the growth has slowed down, remained the same or perhaps stagnated over the years.
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Brighton growth rate | 0% | 14% | 17% |
As the population of Brighton grows, this may also push up the price of the houses for sale. More people would be looking to buy homes and permanently live in the area. This demand helps a home appreciate. However, this isn’t always true because some cities build a lot of houses too to match the supply.
houses for sale in other cities and regions in the UK
If you are looking for a list of cities that are different to the City of Brighton and in different UK region to South East. You might want to consider these as alternatives for your next real estate investment:
- acton-burnell in South East
- bettws in South East
- benholm in South East
- blackwater in South East
- cippenham in South East
Or, visit our dedicated page on the houses for sale data for the whole of the UK which will allow you to pick based on where you think you want to live or invest – houses for sale in the UK.
In general, what do houses for sale sell for in Brighton?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Brighton. In Brighton, this sale price works out to be £383,953. As an example, a factor like population growth over the last 10 years which works out to be 8% in Brighton and impacts house prices of the houses for sale.
| Housing category | Total final sale price |
|---|---|
| Average sold price (detached) | £603,618 |
| Average sold price (semi-detached) | £429,194 |
| Average sold price (terraced) | £456,450 |
| Average sold price (flat) | £271,504 |
Above, the exact type of house is also shown to vary in price in a table in Brighton. You may think that the bigger the house is the more expensive, but actually, this table is more based on the demand for the properties in each category.
| Housing category | Sale price per square foot |
|---|---|
| Average sold price/sqft | £4,480 |
| Average sold price/sqft (new build) | £4,975 |
| Average sold price/sqft (old stock) | £4,385 |
In addition, here is the price per square foot. By taking this data and doing an average, it is also possible to work out the average square foot of houses in Brighton which is £4,818. From here you can get a sense of the price of the overall housing market and therefore, also find out the prices of the houses for sale.
A house for sale that is right for you
Many criteria impact the price of houses for sale in Brighton.
Here below are the most important ones according to Lofti’s expertise:
- Affordability – (see what house for sale can you afford?)
A guide from the UK government
- House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.
- Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying
- Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom
- Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.
- Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale
- Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance
- Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.
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