The average price of a city home has hit a record £314,408.
The average price of a city home has hit a record £314,408, Brighton and Hove Independent can reveal.
A unique analysis of Land Registry data strengthens evidence the city is now in the grip of a property boom.
Soaring prices – with estate agents reporting demand is outstripping supply - are fuelled partly by big demand for high-end properties, with the average price for a detached home at £514,150.
James Beale, of Q Sales and Lettings, said: “The rise in house prices this year has been staggering - and, of course, hugely positive if you are a homeowner.”
A total of 426 homes - with an aggregate value of £133.9 million - were bought and sold in Brighton and Hove in April. An average semi-detached home cost £376,200 - more than 7% up on April last year; an average terrace home cost £360,382 - up 6.4%; an average flat or apartment cost £237,670 - up 11%
The detailed breakdown for each type of property sold in April was:
• 41 detached homes: total value of £21,080,150, with an average price of £514,150. The most expensive - at £1,525,000 - was Cliff House, 26 The Cliff, Brighton, BN2 5RE;
• 70 semi-detached homes: total value of £26,334,000, with an average price of £376,200. The most expensive - at £1,100,000 - was 16 Denmark Villas, Hove, BN3 3TE;
• 95 terrace homes: total value of £34,236,280, with average price of £360,382. The most expensive - at £855,000 - was 92 Montpelier Road, Brighton, BN1 3BE;
• 221 flats and apartments: total value of £52,287,334, with an average price of £237,670. The most expensive - at £800,000 - was Flat 26, Percival Mansions, Percival Terrace, Brighton, BN2 1FP.