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Southwick House Prices Southwick House Prices

The average house price in Southwick is £469,666 using HM Land Registry data.

The average property price increased by £142,371 (42.17%) over the last 5 years and increased by £28,454 (6.3%) over the last 12 months.

Over the last year, there were 104 residential property sales – a decrease of 41 transactions (-39.42%) relative to the previous year. The majority of house sales (24) were in the £310,000 - £380,000 range. Then came properties in the £380,000 - £450,000 range, where 20 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 51 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-13,590 (-2%).

In April 2024, there were 15 new estate agency instructions, 20 agreed home sales and 17 property price reductions.

Neighbouring Areas: Brighton and Hove, Shoreham-by-Sea

Postcodes Covered: BN41, BN42, BN43

5-Year Average Property Prices in Southwick

42.17%

Property prices in Southwick increased by 42.17% 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 Southwick Over the Last Year

6.3%

Property prices in Southwick increased by 6.3% 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 Southwick - 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 Southwick

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 Southwick

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 Southwick

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 Southwick since 1995

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

Recent Property Sales in Southwick

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
6 Milton Drive, Southwick, Brighton, West Sussex, BN42 4NE£500,000£485,000-£15,00004 Apr 202318 Jan 2024289 Days
25 Cross Road, Southwick, Brighton, West Sussex, BN42 4HG£600,000£575,000-£25,00029 Aug 202320 Dec 2023113 Days
127 Manor Hall Road, Southwick, Brighton, West Sussex, BN42 4NQ£475,000£475,000£0014 Sep 202314 Dec 202391 Days
15 The Gardens, Southwick, Brighton, West Sussex, BN42 4AP£375,000£375,000£0017 Aug 202317 Nov 202392 Days
83 Mile Oak Road, Southwick, Brighton, West Sussex, BN42 4QG£400,000£400,000£0017 May 202313 Nov 2023180 Days
94 Meadway Court, Southwick, Brighton, West Sussex, BN42 4SN£270,000£265,000-£5,00013 Mar 202313 Nov 2023245 Days
19 Downsway, Southwick, Brighton, West Sussex, BN42 4WA£375,000£375,000£0021 Jun 202330 Oct 2023131 Days
22 Milton Drive, Southwick, Brighton, West Sussex, BN42 4NE£625,000£590,000-£35,00011 Jul 202320 Oct 2023101 Days
30 Old Shoreham Road, Southwick, Brighton, West Sussex, BN42 4HS£300,000£295,000-£5,00026 Apr 202313 Oct 2023170 Days
4 Milton Drive, Southwick, Brighton, West Sussex, BN42 4NE£475,000£475,000£0018 May 202312 Oct 2023147 Days
28 Highdown, Southwick, Brighton, West Sussex, BN42 4QS£375,000£362,000-£13,00020 Mar 202309 Oct 2023203 Days
112 Downland Avenue, Southwick, Brighton, West Sussex, BN42 4RY£350,000£350,000£0010 Feb 202309 Oct 2023241 Days
16 Downsway, Southwick, Brighton, West Sussex, BN42 4WB£500,000£495,000-£5,00031 Jan 202329 Sep 2023241 Days
27 Whitelot Way, Southwick, Brighton, West Sussex, BN42 4YF£379,950£375,000-£4,95026 Apr 202328 Sep 2023155 Days
3 Whitelot Way, Southwick, Brighton, West Sussex, BN42 4YF£349,950£344,020-£5,93013 Sep 202315 Sep 20232 Days
42 Roman Way, Southwick, Brighton, West Sussex, BN42 4TN£425,000£425,000£0020 Apr 202315 Sep 2023148 Days
238 Old Shoreham Road, Southwick, Brighton, West Sussex, BN42 4LT£550,000£537,000-£13,00005 Nov 202215 Sep 2023314 Days
12 Southdown Road, Southwick, Brighton, West Sussex, BN42 4FT£700,000£680,000-£20,00002 Nov 202225 Aug 2023296 Days
12 Croft Avenue, Southwick, Brighton, West Sussex, BN42 4AB£649,950£620,000-£29,95012 Apr 202324 Aug 2023134 Days
80 Hill Farm Way, Southwick, Brighton, West Sussex, BN42 4YG£425,000£405,000-£20,00004 Jan 202315 Aug 2023223 Days

Most Expensive Streets in Southwick

PostcodeStreetAreaAverageNo. of Sales
BN42 4GHThe CotswoldsSouthwick£899,9833
BN42 4ADSouthwick StreetSouthwick£849,3333
BN42 4TYRoman CrescentSouthwick£811,5004
BN42 4DUSpinnals GroveSouthwick£773,3333
BN42 4FZOldfield CrescentSouthwick£745,5003
BN42 4TLSouthwick StreetSouthwick£690,1666
BN42 4ABCroft AvenueSouthwick£626,8005
BN42 4GAOldfield CrescentSouthwick£597,9005
BN42 4LAThe CrescentSouthwick£579,1663
BN42 4SPKingston LaneSouthwick£562,0005

Least Expensive Streets in Southwick

PostcodeStreetAreaAverageNo. of Sales
BN42 4AFSpring GardensSouthwick£173,0003
BN42 4BBAlbion HouseWhiterock Place£198,6254
BN42 4DXGrange CourtSouthwick£202,3333
BN42 4DSCoates CourtButts Road£217,6503
BN42 4FLSouthwick SquareSouthwick£228,0003
BN41 1ARGardner RoadPortslade£233,5007
BN42 4FQSouthwick SquareSouthwick£233,8754
BN42 4SLMeadway CourtSouthwick£238,43315
BN42 4SNMeadway CourtSouthwick£239,61513
BN42 4YEHolmbush WaySouthwick£251,2836

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