What kind of property will half-a-million pounds buy you in Brighton?
July 7th, 2017
The average house price in London is now pushing half a million pounds at £490,718 as of January 2017. Brighton property has always been more affordable in comparison to London and many would agree that the bohemian lifestyle which Brighton is famous for is much more enjoyable! With that in mind, we wanted to show you exactly what half a million pounds, or thereabout can afford you in one of the UK’s most popular cities commonly known as “London-by-the-sea”.
What will £200k - £300k buy in Brighton?
The average house price for the entire country is £234,794, whilst in the South East it is £311,514. With a budget upwards of £200,000 to £300,000, you can expect to purchase a 1 bedroom property in the Brighton and Hove areas including central and very popular areas just minutes’ from the train station such as Clifton, Marine Parade and the North Laine. Like all cities, the further you are from Brighton & Hove city centre or the seafront, the less premium you will pay for your location. Within this price range you can expect to find new luxury apartments starting from £200,000 with views over the city. We recently sold a one bedroom apartment at Brighton Belle for £280,000, a building renowned for its green credentials and sunny roof terraces overlooking the city. You may also find terraced houses on the outskirts, and centrally located flats in converted period properties. We have recently accepted an offer in this range for a 2 bedroom end of terrace property with fantastic potential in the Patcham area.
What will £300k - £400k buy you in Brighton?
If you have up to £400,000 to spend on your Brighton home, you will be able to choose from apartments in some of the most iconic buildings in the city if you crave style in a central location – such as a duplex or open plan loft style apartment at Argus Lofts. If you’re looking at modern apartments, you may get a little extra at developments similar to ParQ apartments, which are on the outskirts of the city and feature a communal gym or secure parking. If you look further out of the city you’re more likely to be able to afford 3 bedrooms. Alternatively, you will likely have a choice of 2-3 bedroom mews houses or Victorian terrace houses in more residential areas around the popular Hanover and North Laine areas of the city.
And if you have half-a-million pounds or more for a home in Brighton….
A healthy half-a-million pound budget offers a choice between several different lifestyles. Rottingdean and Peacehaven are just a 20-minute drive from the city centre, and here you will find 3-4 bedroom cliff top properties with gardens overlooking the unspoiled seascape and South Downs; most with garages, conservatories and all you could need for a growing family. The Hove Park area to the west of the city centre is ideal for enjoying green spaces, and for being close to the beach, parks and shops.
Alternatively, with easy access to schools and train links to London, and the A27/A23 road networks, the Hove Park area has a healthy stock of semi-detached 3/4 bedroom properties. Although properties in this area specifically are not usually on the market for long before being snapped up.
If direct sea-views, green spaces and city living are all that you dream of, then a budget of £500,000 will help you to find a 2, 3 or 4 bedroom apartment in the central Hove area of the “avenues” - Kings Gardens, Hove Lawns and Grand Avenue where there are several historical and grand apartment blocks, some still with their original working caged lifts and magnificent entrance halls.
To see all of our currently available residential properties in Brighton and Hove, and to search by price, click here to our property search pages. To book a valuation of your property please contact our offices on 01273 688881.