7, MILL RISE, BRIGHTON, BN1 5GD - £515,000

7 MILL RISE is a small extended detached house of 116m², built sometime between 1950 and 1966. It was last sold for £515,000 in November 2018, which was around 22% below the average November 2018 detached price in the Brighton and Hove local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was C.

7 MILL RISE Sold Prices

Land registry data shows two sales for 7 MILL RISE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Brighton and Hove local authority area for the corresponding sale date. Both of the two 7 MILL RISE 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
2018 2 NOV	£515,000	£663,412	22% below HPI
2009 15 MAY	£305,000	£348,548	12% below HPI

7 MILL RISE 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 two 7 MILL RISE sales from May 2009 and November 2018 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 May 2009 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the November 2018 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 7 MILL RISE?

7 MILL RISE is 116m², which includes one extension, according to the EPC inspection conducted in March 2018. This puts it in the smallest 40% of detached houses in Brighton, based on EPC data. The below chart shows the distribution of detached houses by size in Brighton, and where 7 MILL RISE lies on this distribution: 34% of detached houses are smaller than 7 MILL RISE, and 66% of houses are larger. Note that EPC data is not available for all properties in Brighton.

7 MILL RISE: Plot and Title Map

7 MILL RISE sits on a plot of roughly 0.130 of an acre, or 527m². The below map shows the location of 7 MILL RISE, 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 7 MILL RISE). 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 7 MILL RISE?

7 MILL RISE is located in BRIGHTON, in the BN1 postcode district. The below map shows the position of No. 7 on MILL RISE.