488, FALMER ROAD, BRIGHTON, BN2 6LH - £580,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

488 FALMER ROAD is a midsized detached house of 112m², built sometime between 1950 and 1966. It was last sold for £580,000 in May 2022, which was around 29% below the average May 2022 detached price in the Brighton and Hove local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was C.

488 FALMER ROAD Sold Prices

Land registry data shows three sales for 488 FALMER ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Brighton and Hove local authority area for the corresponding sale date. All of the three 488 FALMER ROAD sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2022 18 MAY	£580,000	£813,858	29% below HPI
2009 21 JUL	£275,000	£364,338	25% below HPI
2003 7 NOV	£280,000	£326,016	14% below HPI

488 FALMER ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Brighton and Hove local authority area over time, sourced from the HPI. The three 488 FALMER ROAD sales between November 2003 and May 2022 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the July 2009 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the May 2022 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 488 FALMER ROAD?

488 FALMER ROAD is 112m² according to the EPC inspection conducted in March 2022. This puts it in the smallest 50% of detached houses in Brighton and Hove, based on EPC data. The below chart shows the distribution of detached houses by size in Brighton and Hove, and where 488 FALMER ROAD lies on this distribution: 43% of detached houses are smaller than 488 FALMER ROAD, and 57% of houses are larger. Note that EPC data is not available for all properties in Brighton and Hove.

488 FALMER ROAD: Plot and Title Map

488 FALMER ROAD sits on a plot of roughly 0.262 of an acre, or 1,061m². The below map shows the location of 488 FALMER ROAD, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 488 FALMER ROAD). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 488 FALMER ROAD?

488 FALMER ROAD is located in BRIGHTON, in the BN2 postcode district. The below map shows the position of No. 488 on FALMER ROAD.