Feb 07, 2023 by HM

House prices in Patcham (BN1 8)

This article reveals price per square metre data and various charts to help you understand current housing market in Patcham (BN1 8).

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Price per square metre

Knowing the average house price in Patcham is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area

E.g. 25, Bengairn Avenue, Patcham, Brighton, sold for £565,000 on Sep-2023. Given the internal area of 93 square metres, the price per sqm is £6,075.

England & Wales have been officially metric for many decades. However house price per square foot is sometimes prefered by those of sufficiently advanced age. They may want to convert metres on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £5,700-£6,000, £6,000-£6,300, £6,300-£6,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 323 sales in Patcham (BN1 8) that took place in the last two years.

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

That said, the spread of prices will give you a feel of the typical range to expect in Patcham (BN1 8). Of the 323 transactions, half were sold for between £4,660 and £6,080 per square metre. Notably, only 25% of properties that sold recently were valued at more than £6,080m². For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

For the average, we calculate the 'median' or middle price. The median price per square metre in 'BN1 8' is £5,360. The table below shows how 'BN1 8' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BN1 2 Brighton	£4,700m2	£5,320m2	£6,200m2
BN1 3 Brighton	£5,120m2	£6,120m2	£6,830m2
BN1 5 Withdean	£5,030m2	£5,680m2	£6,480m2
BN1 6 Preston	£4,810m2	£5,820m2	£6,630m2
BN1 7 Brighton	£4,540m2	£5,150m2	£6,080m2
BN1 4 Brighton	£4,900m2	£5,800m2	£7,000m2
BN1 8 Patcham	£4,660m2	£5,360m2	£6,080m2
BN1 9 Falmer	£4,020m2	£4,490m2	£5,000m2
BN1 1 Brighton	£4,520m2	£5,070m2	£5,690m2

Will Patcham house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the scatter plot below for BN1 8 (Patcham). From this one could infer a range of reasonable possible future price falls or rises. In the chart below, the red dashed line is the house price trend for BN1 8 and the blue dots are the individual property sales that inform this trend.

Disclaimer: The data provided throughout this website about Patcham and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information. Furthermore, I cannot guarantee the accuracy of any data shown. This information is based on sold prices and internal area data provided by Land Registry and other third parties - I do not verify the accuracy of the Patcham data or any other data I am given.

Price map for Patcham

I've just finished coding the map I link to below. I find it useful and I am sure it will help you in exploring Patcham. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values. I will explain more about the methodology and create a key next week.

House price heatmap for Patcham

Street level data

Street	Avg size	Avg £/m2	Recent sales
London Road, Patcham, BN1 8Q	61m2	£3,857	38
Larkfield Way, Patcham, BN1 8E	96m2	£5,867	20
Mackie Avenue, Patcham, BN1 8S	87m2	£5,206	20
Westfield Crescent, Patcham, BN1 8J	92m2	£5,001	19
Greenfield Crescent, Patcham, BN1 8H	78m2	£5,613	17
Woodbourne Avenue, Patcham, BN1 8E	75m2	£5,113	16
Wilmington Way, Patcham, BN1 8J	91m2	£5,392	16
Carden Avenue, Patcham, BN1 8N	120m2	£4,625	16

Search for your street here.

Raw data

Our analysis of Patcham is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.

Address	Paid	m2	£/m2
25, Bengairn Avenue, Patcham, Brighton	£565,000 Sep-2023	93	6,075
78, Larkfield Way, Patcham, Brighton	£520,000 Sep-2023	99	5,252
1, Old Court Close, Patcham, Brighton	£625,000 Sep-2023	125	5,000

See the entire list of all sales in Patcham (BN1 8) here.