Feb 07, 2023 by HM

House prices in Peacehaven (BN10 8)

This article reveals price per square metre data and various charts to help you understand current housing market in Peacehaven (BN10 8).

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Price per square metre

Knowing the average house price in Peacehaven 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. 6, Vernon Avenue, Peacehaven, sold for £351,000 on Sep-2023. Given the internal area of 68 square metres, the price per sqm is £5,161.

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. £4,250-£4,500, £4,500-£4,750, £4,750-£5,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 237 sales in Peacehaven (BN10 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 Peacehaven (BN10 8). Of the 237 transactions, half were sold for between £3,560 and £4,920 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,920m². 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 'BN10 8' is £4,230. The table below shows how 'BN10 8' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BN10 7 Telscombe Cliffs	£3,690m2	£4,340m2	£5,000m2
BN10 8 Peacehaven	£3,560m2	£4,230m2	£4,920m2

Will Peacehaven 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 BN10 8 (Peacehaven). 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 BN10 8 and the blue dots are the individual property sales that inform this trend.

Disclaimer: The data provided throughout this website about Peacehaven 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 Peacehaven data or any other data I am given.

Price map for Peacehaven

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 Peacehaven. 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 Peacehaven

Street level data

Street	Avg size	Avg £/m2	Recent sales
Montreal Close, Peacehaven, BN10 8F	72m2	£3,834	16
South Coast Road, Peacehaven, BN10 8S	79m2	£3,891	16
Westview Close, Peacehaven, BN10 8F	74m2	£3,944	15
Westview Close, Peacehaven, BN10 8G	68m2	£4,078	15
Sarnia Close, Peacehaven, BN10 8F	73m2	£3,913	12
Roderick Avenue, Peacehaven, BN10 8B	82m2	£4,129	12
Arundel Road, Peacehaven, BN10 8R	86m2	£3,878	11
Firle Road, Peacehaven, BN10 8D	89m2	£4,079	10

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Martletts Close, Peacehaven, BN10 8F	94m2	£3,682	21
Skylark Avenue, Peacehaven, BN10 8G	108m2	£3,525	12

Martletts Close, Peacehaven, BN10 8F has seen 21 new build sales in the last 4 years (average price £364,732). These new build homes typically have an internal area of 94 m2, with an average price of £3,682 m2. This £sqm average is £-548 below the average for BN10 8. New builds typically command a £ per sqm premium. In the case of Martletts Close the premium seems not to exist. Without more info we can only speculate why this may be. Perhaps it may be greater density and smaller gardens, but this is just a guess.

Raw data

Our analysis of Peacehaven 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
6, Vernon Avenue, Peacehaven	£351,000 Sep-2023	68	5,161
6, Westview Close, Peacehaven	£320,000 Aug-2023	72	4,444
158, Roderick Avenue, Peacehaven	£435,000 Aug-2023	88	4,943

See the entire list of all sales in Peacehaven (BN10 8) here.