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Southwater House Prices Southwater House Prices

The average house price in Southwater is £476,666 using HM Land Registry data.

The average property price increased by £87,823 (21.63%) over the last 5 years and increased by £17,553 (3.69%) over the last 12 months.

Over the last year, there were 102 residential property sales – a decrease of 75 transactions (-73.53%) relative to the previous year. The majority of house sales (24) were in the £384,000 - £466,000 range. Then came properties in the £302,000 - £384,000 range, where 19 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 54 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-12,024 (-2%).

In April 2024, there were 21 new estate agency instructions, 16 agreed home sales and 3 property price reductions.

Postcodes Covered: RH13

5-Year Average Property Prices in Southwater

21.63%

Property prices in Southwater increased by 21.63% 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 Southwater Over the Last Year

3.69%

Property prices in Southwater increased by 3.69% 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 Southwater - 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 Southwater

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 Southwater

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 Southwater

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 Southwater since 1995

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

Recent Property Sales in Southwater

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
19 Nyes Lane, Southwater, Horsham, West Sussex, RH13 9GP£325,000£317,000-£8,00006 Nov 202305 Mar 2024120 Days
23 The Copse, Southwater, Horsham, West Sussex, RH13 9UG£290,000£277,500-£12,50010 Nov 202323 Jan 202474 Days
7 Cedar Drive, Southwater, Horsham, West Sussex, RH13 9UF£600,000£575,000-£25,00004 Apr 202318 Dec 2023258 Days
38 Bamborough Close, Southwater, Horsham, West Sussex, RH13 9XF£425,000£410,000-£15,00006 Jul 202311 Dec 2023158 Days
20 Wealdon Close, Southwater, Horsham, West Sussex, RH13 9HP£600,000£585,000-£15,00024 Aug 202306 Dec 2023104 Days
27 Bamborough Close, Southwater, Horsham, West Sussex, RH13 9XF£390,000£383,000-£7,00007 Mar 202317 Nov 2023255 Days
Debofre, Andrews Road, Southwater, Horsham, West Sussex, RH13 9EU£475,000£475,000£0022 Apr 202317 Nov 2023209 Days
98 Bluecoat Pond, Christs Hospital, Horsham, West Sussex, RH13 0TN£535,000£515,000-£20,00025 Jan 202303 Nov 2023282 Days
93 Timber Mill, Southwater, Horsham, West Sussex, RH13 9SP£315,000£312,000-£3,00030 Jun 202323 Oct 2023115 Days
2 Little Bridges Close, Southwater, Horsham, West Sussex, RH13 9HH£432,000£432,000£0012 Jun 202320 Oct 2023130 Days
44 Corfe Close, Southwater, Horsham, West Sussex, RH13 9XL£400,000£395,500-£4,50013 Apr 202319 Oct 2023189 Days
6 Barnes Wallis Avenue, Christs Hospital, Horsham, West Sussex, RH13 0TL£835,000£820,000-£15,00030 Jun 202313 Oct 2023105 Days
6 Bluecoat Pond, Christs Hospital, Horsham, West Sussex, RH13 0NW£420,000£395,000-£25,00010 May 202328 Sep 2023141 Days
18 Blakes Farm Road, Southwater, Horsham, West Sussex, RH13 9GJ£485,000£482,500-£2,50030 May 202326 Sep 2023119 Days
19 Wealdon Close, Southwater, Horsham, West Sussex, RH13 9HP£575,000£565,000-£10,00022 Feb 202322 Sep 2023212 Days
5 Bluecoat Pond, Christs Hospital, Horsham, West Sussex, RH13 0NW£445,000£445,000£0021 Apr 202320 Sep 2023152 Days
10 Winnet Way, Southwater, Horsham, West Sussex, RH13 9TB£470,000£465,000-£5,00019 Apr 202308 Sep 2023142 Days
17 Millfield, Southwater, Horsham, West Sussex, RH13 9HT£515,000£505,000-£10,00016 Feb 202307 Sep 2023203 Days
12 Millfield, Southwater, Horsham, West Sussex, RH13 9HS£525,000£519,000-£6,00022 May 202316 Aug 202386 Days
Peggles Brook, Southwater Street, Southwater, Horsham, West Sussex, RH13 9BN£895,000£847,500-£47,50009 Nov 202228 Jul 2023261 Days

Most Expensive Streets in Southwater

PostcodeStreetAreaAverageNo. of Sales
RH13 0LATwo Mile Ash RoadHorsham£1,650,0004
RH13 9JLGreat Lime KilnsSouthwater£802,4005
RH13 9BSWorthing RoadSouthwater£782,5004
RH13 9FEEames ViewSouthwater£749,38317
RH13 9GTCompton PlaceSouthwater£748,3333
RH13 9ADCourtlandsSouthwater£715,4374
RH13 9FPShoubridge WaySouthwater£697,6427
RH13 9GNHazel CloseSouthwater£696,2005
RH13 9FHKennard CrescentSouthwater£686,82114
RH13 9GRLarkspur WaySouthwater£667,5004

Least Expensive Streets in Southwater

PostcodeStreetAreaAverageNo. of Sales
RH13 9FNElm HouseRapley Rise£111,9607
RH13 9LPSmithsfield HouseStation Road£125,8754
RH13 9UAGhyll CourtSouthwater£174,3333
RH13 9LGFlaxfield HouseLintot Square£184,1663
RH13 9UJThe LaurelsSouthwater£198,2005
RH13 9TJCollege RoadSouthwater£219,2229
RH13 9LHThe WickensFairbank Road£222,5004
RH13 9UQThe OaksSouthwater£233,7504
RH13 9LNLintot CourtStation Road£239,7296
RH13 9LDTurnpike HouseFairbank Road£245,6254

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