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Polegate House Prices Polegate House Prices

The average house price in Polegate is £310,928 using HM Land Registry data.

The average property price increased by £77,798 (30.33%) over the last 5 years and increased by £15,549 (4.88%) over the last 12 months.

Over the last year, there were 139 residential property sales – a decrease of 51 transactions (-36.69%) relative to the previous year. The majority of house sales (35) were in the £308,000 - £354,000 range. Then came properties in the £354,000 - £400,000 range, where 33 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 78 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,438 (-2%).

In April 2024, there were 27 new estate agency instructions, 21 agreed home sales and 12 property price reductions.

Neighbouring Areas: Stone Cross, Lower Willingdon

Postcodes Covered: BN26

5-Year Average Property Prices in Polegate

30.33%

Property prices in Polegate increased by 30.33% 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 Polegate Over the Last Year

4.88%

Property prices in Polegate increased by 4.88% 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.

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).

Property Market Heat Gauge for Polegate - 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).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

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 Polegate

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 Polegate

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 Polegate

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 Polegate since 1995

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

Recent Property Sales in Polegate

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
4 Clement Lane, Polegate, East Sussex, BN26 5DR£380,000£380,000£0003 Oct 202307 Mar 2024156 Days
8 Clement Lane, Polegate, East Sussex, BN26 5DR£485,000£477,500-£7,50003 May 202305 Jan 2024247 Days
7 Dover Road, Polegate, East Sussex, BN26 6LA£400,000£385,000-£15,00004 Sep 202315 Dec 2023102 Days
40 Barons Way, Polegate, East Sussex, BN26 5JJ£330,000£310,000-£20,00031 Aug 202304 Dec 202395 Days
13 Mapleleaf Gardens, Polegate, East Sussex, BN26 6PD£325,000£322,000-£3,00029 Jun 202301 Dec 2023155 Days
21 Sayerland Road, Polegate, East Sussex, BN26 6NX£360,000£360,000£0014 Aug 202330 Nov 2023108 Days
7 Mapleleaf Gardens, Polegate, East Sussex, BN26 6PD£390,000£380,000-£10,00011 May 202330 Nov 2023203 Days
8 Porters Way, Polegate, East Sussex, BN26 6AP£310,000£310,000£0013 Jul 202317 Nov 2023127 Days
11 Windsor Way, Polegate, East Sussex, BN26 6QD£329,950£310,000-£19,95009 Aug 202310 Nov 202393 Days
25 Dymchurch Close, Polegate, East Sussex, BN26 6ND£350,000£345,000-£5,00021 Jul 202303 Nov 2023105 Days
19 Dymchurch Close, Polegate, East Sussex, BN26 6ND£325,000£325,000£0017 Aug 202301 Nov 202376 Days
34 Old Drive, Polegate, East Sussex, BN26 5ET£399,950£360,000-£39,95025 May 202320 Oct 2023148 Days
18 Sunstar Lane, Polegate, East Sussex, BN26 5HS£329,950£320,000-£9,95027 Jul 202320 Oct 202385 Days
14 Mapleleaf Gardens, Polegate, East Sussex, BN26 6PD£375,000£367,500-£7,50010 Aug 202320 Oct 202371 Days
57 Brookside Avenue, Polegate, East Sussex, BN26 6DH£335,000£325,000-£10,00007 Jun 202318 Oct 2023133 Days
36 Barons Way, Polegate, East Sussex, BN26 5JL£400,000£394,500-£5,50027 Feb 202318 Oct 2023233 Days
10 Hastings Close, Polegate, East Sussex, BN26 6LD£400,000£390,000-£10,00021 Jun 202304 Oct 2023105 Days
15 Chestnut Drive, Polegate, East Sussex, BN26 5AL£325,000£305,000-£20,00009 May 202328 Sep 2023142 Days
21 Shepham Lane, Polegate, East Sussex, BN26 6NA£365,000£363,000-£2,00022 Jun 202322 Sep 202392 Days
12 Westfield Close, Polegate, East Sussex, BN26 6EJ£345,000£330,000-£15,00027 Mar 202315 Sep 2023172 Days

Most Expensive Streets in Polegate

PostcodeStreetAreaAverageNo. of Sales
BN26 6HTDittons RoadPolegate£521,6663
BN26 5DLEastbourne RoadPolegate£491,4287
BN26 5BXChurch RoadPolegate£461,6005
BN26 6HJPevensey RoadPolegate£438,6663
BN26 5DRClement LanePolegate£390,5005
BN26 6NGFairoaksPolegate£383,7504
BN26 5DQSpurway ParkPolegate£382,31311
BN26 6NLHailsham RoadPolegate£381,8333
BN26 6FBButtercup DrivePolegate£375,6005
BN26 5ETOld DrivePolegate£372,3333

Least Expensive Streets in Polegate

PostcodeStreetAreaAverageNo. of Sales
BN26 6EHOld Station HouseStation Road£116,3438
BN26 6PUOakleaf CourtOakleaf Drive£137,2504
BN26 6DWGuardian CourtBrookside Avenue£137,90926
BN26 6JHAberdale RoadPolegate£138,9449
BN26 5AGElm CourtWalnut Walk£149,1663
BN26 5BBBurnside CourtBlack Path£160,8217
BN26 6JWLynholm RoadPolegate£181,2504
BN26 5ENElizabeth CourtHigh Street, Polegate£183,5905
BN26 5EXSouthdown CourtOld Drive£185,0003
BN26 5BYHadley CourtChurch Road£187,4166

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