22nd May 2017
The average value of properties in Brighton and Hove continues to rise, this is despite a reduction in the number of sales agreed in the first quarter of 2017, which is considerably lower than the same period last year. This drop is likely due to the increase in sales in the run-up to April 1st 2016, when a higher stamp duty for landlords was introduced.
A total of 713 properties, with an aggregate value of £292,981,177, passed hands in the first quarter of 2017 (January-March). While Q1 2017 saw less properties sold than in the previous quarter (October-December 2016), 713 compared to 751, the average cost of properties was up from £395,942 to £410,913.
The breakdown for each type of property sold during the first quarter of 2017 is:
£2,150,000 |
79 PEMBROKE CRESCENT |
DETACHED |
£1,510,000 |
35 DENMARK VILLAS |
SEMI DETACHED |
£1,500,000 |
19 PRINCES CRESCENT |
DETACHED |
£1,370,000 |
15 ORPEN ROAD |
DETACHED |
£1,355,000 |
22 VALLANCE GARDENS |
DETACHED |
£1,350,000 |
32 PEMBROKE AVENUE |
SEMI DETACHED |
£1,260,000 |
3 SOMERHILL AVENUE |
DETACHED |
£1,230,000 |
10 THE UPPER DRIVE |
DETACHED |
£1,210,000 |
3 STANFORD CLOSE |
DETACHED |
£1,200,000 |
35 TONGDEAN ROAD |
DETACHED |