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House Prices in BN3

The average house price in BN3 (Hove) is £542,828 using HM Land Registry data.

The average property price increased by £161,045 (15.3%) over the last 5 years and increased by £32,186 (2.49%) over the last 12 months.

Over the last year, there were 995 residential property sales – a decrease of 567 transactions (-56.98%) relative to the previous year. The majority of house sales (276) were in the £230,000 - £376,000 range. Then came properties in the £376,000 - £522,000 range, where 215 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 15 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-18,857 (-2%).

In April 2024, there were 297 new estate agency instructions, 161 agreed home sales and 160 property price reductions.

5-Year Average Property Prices in BN3 (Hove)

15.3%

Property prices in Hove increased by 15.3% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in BN3 (Hove) Over the Last Year

2.49%

Property prices in Hove increased by 2.49% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for BN3 (Hove) - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

0 to 20 days is an encouraging sign and shows that homes, on average, are selling within 3 weeks of going to market. As long as the property is priced realistically, there's a good chance of getting an offer within this timeframe. There may even be evidence of homes selling for over the asking price. However, please be mindful of the fact that your local housing market could be at risk of overheating.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in BN3 (Hove)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in BN3 (Hove)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in BN3 (Hove)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the BN3 (Hove) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the BN3 postcode area since 1995.

Recent Sales in BN3 (Hove)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
33b, Colbourne Road, Hove, Brighton And Hove, BN3 1TA	£325,000	£310,000	-£15,000	14 Sep 2023	21 Mar 2024	189 Days
48 Goldstone Villas, Hove, Brighton And Hove, BN3 3RS	£1,250,000	£1,180,000	-£70,000	20 Oct 2023	08 Mar 2024	140 Days
Flat 35, Orchard House, Park View Road, Hove, Brighton And Hove, BN3 7AW	£450,000	£450,000	£00	09 Aug 2023	01 Mar 2024	205 Days
1 Summerdale Road, Hove, Brighton And Hove, BN3 8LG	£375,000	£362,500	-£12,500	10 Oct 2023	22 Feb 2024	135 Days
144 Hangleton Way, Hove, Brighton And Hove, BN3 8ER	£400,000	£365,000	-£35,000	09 Nov 2023	16 Feb 2024	99 Days
46 Addison Road, Hove, Brighton And Hove, BN3 1TP	£900,000	£880,000	-£20,000	06 Oct 2023	15 Feb 2024	132 Days
268 New Church Road, Hove, Brighton And Hove, BN3 4EB	£800,000	£751,500	-£48,500	20 Jul 2023	09 Feb 2024	204 Days
12 Lullington Avenue, Hove, Brighton And Hove, BN3 7EQ	£625,000	£625,000	£00	21 Sep 2023	08 Feb 2024	140 Days
7 Wynnes Mews, Hove, Brighton And Hove, BN3 5BQ	£399,950	£375,000	-£24,950	09 Aug 2023	26 Jan 2024	170 Days
10 Princes Square, Hove, Brighton And Hove, BN3 4GE	£2,000,000	£1,900,000	-£100,000	12 Dec 2023	24 Jan 2024	43 Days
24 Lennox Road, Hove, Brighton And Hove, BN3 5HY	£575,000	£557,000	-£18,000	12 Sep 2023	12 Jan 2024	122 Days
137 Poplar Avenue, Hove, Brighton And Hove, BN3 8PL	£250,000	£242,500	-£7,500	11 Dec 2023	19 Dec 2023	8 Days
75 Elm Drive, Hove, Brighton And Hove, BN3 7JA	£675,000	£636,000	-£39,000	04 Jul 2023	15 Dec 2023	164 Days
42 Berriedale Avenue, Hove, Brighton And Hove, BN3 4JJ	£1,100,000	£1,000,000	-£100,000	18 Oct 2023	12 Dec 2023	55 Days
38b, Westbourne Street, Hove, Brighton And Hove, BN3 5PG	£300,000	£300,000	£00	13 Sep 2023	08 Dec 2023	86 Days
10 Avondale Road, Hove, Brighton And Hove, BN3 6ER	£700,000	£690,000	-£10,000	03 Jul 2023	04 Dec 2023	154 Days
72 Brunswick Place, Hove, Brighton And Hove, BN3 1NB	£279,950	£277,000	-£2,950	14 Aug 2012	27 Nov 2023	4122 Days
88 Montgomery Street, Hove, Brighton And Hove, BN3 5BE	£500,000	£485,000	-£15,000	02 May 2023	27 Nov 2023	209 Days
4 Scott Road, Hove, Brighton And Hove, BN3 5HN	£580,000	£580,000	£00	19 May 2023	27 Nov 2023	192 Days
48 Warenne Road, Hove, Brighton And Hove, BN3 8EG	£480,000	£475,000	-£5,000	08 Aug 2023	27 Nov 2023	111 Days

Most Expensive Streets in BN3 (Hove)

Postcode	Street	Area	Average	No. of Sales
BN3 6DA	Dyke Road Avenue	Hove	£2,023,750	4
BN3 6TN	Tongdean Avenue	Hove	£2,011,875	4
BN3 4GS	Princes Crescent	Hove	£1,983,333	3
BN3 6QH	Hill Brow	Hove	£1,824,000	5
BN3 6QF	Hill Brow	Hove	£1,812,500	4
BN3 6QL	Hill Drive	Hove	£1,612,500	4
BN3 6QE	Tongdean Road	Hove	£1,571,250	4
BN3 6UG	Tredcroft Road	Hove	£1,538,333	3
BN3 6LG	Elrington Road	Hove	£1,510,000	3
BN3 2JE	Adelaide Crescent	Hove	£1,508,125	8

Least Expensive Streets in BN3 (Hove)

Postcode	Street	Area	Average	No. of Sales
BN3 6GS	Stirling Court, Wilbury Villas	Hove	£116,593	3
BN3 1JQ	Bell Mead, Holland Road	Hove	£138,055	9
BN3 2PU	Kingsway	Hove	£157,938	16
BN3 3JZ	Matthew House, Miles Walk	Hove	£161,166	3
BN3 1FY	Kitilear Court, Lansdowne Road	Hove	£166,000	5
BN3 1LU	Holland Road	Hove	£176,666	12
BN3 2TS	Hove Lodge 18, Hove Street, Hove	Hove	£177,785	7
BN3 7RF	St Peters Close	Hove	£180,102	22
BN3 3JX	The Drive	Hove	£180,982	14
BN3 2TQ	Lancaster Court, Kingsway	Hove	£187,142	7