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Southbourne House Prices Southbourne House Prices

The average house price in Southbourne is £400,375 using HM Land Registry data.

The average property price increased by £70,881 (18.39%) over the last 5 years and increased by £14,166 (3.2%) over the last 12 months.

Over the last year, there were 47 residential property sales – a decrease of 12 transactions (-25.53%) relative to the previous year. The majority of house sales (15) were in the £280,000 - £380,000 range. Then came properties in the £380,000 - £480,000 range, where 11 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 41 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-26,452 (-4%).

In April 2024, there were 16 new estate agency instructions, 4 agreed home sales and 12 property price reductions.

Neighbouring Areas: Emsworth

Postcodes Covered: PO10, PO18

5-Year Average Property Prices in Southbourne

18.39%

Property prices in Southbourne increased by 18.39% 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 Southbourne Over the Last Year

3.2%

Property prices in Southbourne increased by 3.2% 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 Southbourne - 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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in 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 Southbourne

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 Southbourne

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 Southbourne

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 Southbourne since 1995

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

Recent Property Sales in Southbourne

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
Flat 5, Merrivale Court, Stein Road, Southbourne, Emsworth, West Sussex, PO10 8LL£195,000£185,000-£10,00005 Sep 202305 Feb 2024153 Days
65 Stein Road, Southbourne, Emsworth, West Sussex, PO10 8LE£395,000£390,000-£5,00016 May 202313 Dec 2023211 Days
3 Eastfield Close, Emsworth, West Sussex, PO10 8NJ£299,950£285,000-£14,95029 Sep 202329 Nov 202361 Days
19 Stein Road, Southbourne, Emsworth, West Sussex, PO10 8LB£995,000£950,000-£45,00027 Feb 202329 Sep 2023214 Days
12 South Lane, Southbourne, Emsworth, West Sussex, PO10 8PP£375,000£370,000-£5,00031 Mar 202304 Aug 2023126 Days
10 Cheshire Way, Emsworth, West Sussex, PO10 8PU£425,000£418,500-£6,50002 Mar 202321 Jul 2023141 Days
6 Priors Close, Southbourne, Emsworth, West Sussex, PO10 8LJ£475,000£467,500-£7,50014 Feb 202319 Jul 2023155 Days
24 Garsons Road, Emsworth, West Sussex, PO10 8HJ£425,000£425,000£0006 Apr 202330 Jun 202385 Days
2 Priors Close, Southbourne, Emsworth, West Sussex, PO10 8LJ£395,000£370,000-£25,00006 Feb 202301 Jun 2023115 Days
29 Clovelly Road, Southbourne, Emsworth, West Sussex, PO10 8PD£289,995£265,000-£24,99529 Nov 202206 Apr 2023128 Days
Flat 26, Merrivale Court, Stein Road, Southbourne, Emsworth, West Sussex, PO10 8LL£189,950£189,950£0029 Jun 202224 Mar 2023268 Days
6 Cooks Lane, Southbourne, Emsworth, West Sussex, PO10 8LG£360,000£357,000-£3,00017 Oct 202217 Mar 2023151 Days
2 Alfrey Close, Emsworth, West Sussex, PO10 8ET£470,000£450,000-£20,00004 Aug 202214 Mar 2023222 Days
1 Bourne View Close, Emsworth, West Sussex, PO10 8NS£230,000£220,000-£10,00019 Oct 202215 Feb 2023119 Days
Flat 39, Merrivale Court, Stein Road, Southbourne, Emsworth, West Sussex, PO10 8LL£195,000£190,000-£5,00024 Jun 202218 Jan 2023208 Days
Loveders Farm, Priors Leaze Lane, Nutbourne, Chichester, West Sussex, PO18 8RH£1,700,000£1,550,000-£150,00010 May 202216 Jan 2023251 Days
Dolphin Cottage, Prinsted Lane, Prinsted, Emsworth, West Sussex, PO10 8HS£725,000£675,000-£50,00007 Sep 202213 Jan 2023128 Days
Flat 10, Merrivale Court, Stein Road, Southbourne, Emsworth, West Sussex, PO10 8LL£205,000£200,000-£5,00013 Apr 202214 Dec 2022245 Days
20 Glenwood Road, Emsworth, West Sussex, PO10 8NL£465,000£459,000-£6,00018 Jun 202207 Dec 2022172 Days
Flat 8, Merrivale Court, Stein Road, Southbourne, Emsworth, West Sussex, PO10 8LL£205,000£205,000£0011 Aug 202228 Nov 2022109 Days

Most Expensive Streets in Southbourne

PostcodeStreetAreaAverageNo. of Sales
PO10 8HSPrinsted LanePrinsted£1,025,53116
PO10 8HTThe SquarePrinsted£817,8577
PO10 8HRPrinsted LanePrinsted£760,7065
PO10 8LBStein RoadSouthbourne£718,1254
PO10 8HUFrarydenePrinsted£648,9756
PO10 8GGHarcourt CrescentSouthbourne£586,67711
PO18 8GGLinwood CloseNutbourne£554,5333
PO18 8RJInlands RoadNutbourne£548,5717
PO10 8NBBreach AvenueEmsworth£513,7857
PO10 8LTStein RoadEmsworth£508,7504

Least Expensive Streets in Southbourne

PostcodeStreetAreaAverageNo. of Sales
PO10 8NURoman CourtDoric Close£107,1663
PO10 8GZFotherby HouseChurch Road£164,3333
PO10 8LLMerrivale CourtStein Road£180,49615
PO10 8FBBulbeck CourtGuildford Close£202,5004
PO10 8NSBourne View CloseEmsworth£228,3333
PO10 8PAManor GardensEmsworth£258,3333
PO10 8LZManor WaySouthbourne£278,5005
PO10 8JLMain RoadSouthbourne£288,5005
PO10 8HHGarsons RoadEmsworth£290,0003
PO10 8GFBelmont PlaceSouthbourne£292,8568

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