Housing market cools after surge

Autumn has had a chilling effect on the property market in Brighton and Hove.

Autumn has had a chilling effect on the property market in Brighton and Hove.

A total of 654 homes - with an aggregate value of £214.2 million - were bought and sold in the city in October, according to the latest Land Registry figures.

Hide Ad
Hide Ad

The average price of properties that changed hands was £327,995 - the lowest monthly average of the year so far. By comparison, the average price in September was an all-time record £350,879.

The breakdown for each type of property sold was:

73 detached homes: with a total value of £36,386,345 - and an average price of £498,443. The most expensive - at £2,225,000 - was 5 Roedean Way, Brighton, BN2 5RJ;

91 semi-detached homes: with a total value of £35,452,151 - and an average price of £389,584. The most expensive - at £1,085,000 - was 50 Carlisle Road, Hove, BN3 4FS;

154 terrace homes: with a total value of £60,643,388 - and an average price of £393,788. The most expensive - at £1,100,000 - was 44 Victoria Street, Brighton, BN1 3FQ;

335 flats and apartments: with a total value of £81,699,001 - and an average price of £243,877. The most expensive - at £880,000 - was Flat 4, 4-5 Chichester Terrace, Brighton, BN2 1FG.