Feb 07, 2023 by HM

House prices in Ferring (BN12 5)

This article reveals price per square metre data and various charts to help you understand current housing market in Ferring (BN12 5).


Defining 'BN12 5'

This analysis is limited to properties whose postcode starts with "BN12 5", this is also called the postcode sector. It is shown in red on the map above. You can click on the map labels to change to a neighbouring sector.

Price per square metre

Knowing the average house price in Ferring 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. 49, Little Paddocks, Ferring, Goring By Sea, sold for £680,000 on Feb-2024. Given the internal area of 69 square metres, the price per sqm is £9,855.

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. £6,150-£6,500, £6,500-£6,850, £6,850-£7,200 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 157 sales in Ferring (BN12 5) that took place in the last two years.

Distribution of £ per sqm for Ferring (BN12 5)
Distribution of £ per sqm house prices in Ferring

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.

The spread of prices will give you a feel of the typical range to expect in Ferring (BN12 5). Of the 157 transactions, half were sold for between £4,450 and £6,360 per square metre. The median, or 'middle', price per square metre in 'BN12 5' is £5,470. Notably, only 25% of properties that sold recently were valued at more than £6,360m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Ferring

Do have a look at the interactive price map I created. I find it useful and I am sure it will help you in exploring Ferring. 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.

Property price heatmap for Ferring
House price heatmap for Ferring

Comparison with neighbouring postcode sectors

The table below shows how 'BN12 5' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BN12 5 Ferring £4,450m2 £5,470m2 £6,360m2
BN12 6 Goring By Sea £3,980m2 £4,550m2 £5,070m2
BN12 4 Goring By Sea £4,260m2 £4,750m2 £5,670m2

Will Ferring 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 BN12 5 (Ferring). 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 BN12 5 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Ferring (BN12 5) over time
House price trends for Ferring

Hover on any blue dot to see details of specific sales

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

Street level data

Street Avg size Avg £/m2 Recent sales
Goring Way, Ferring, BN12 5B 83m2 £5,230 31
Singleton Crescent, Ferring, BN12 5D 91m2 £5,271 20
Beehive Lane, Ferring, BN12 5N 109m2 £4,932 14
Goring Street, Ferring, BN12 5A 79m2 £3,531 13
Sea Lane, Ferring, BN12 5E 95m2 £4,693 13
Ferringham Lane, Ferring, BN12 5N 116m2 £5,116 13
Midhurst Drive, Ferring, BN12 5B 93m2 £6,063 12
Little Paddocks, Ferring, BN12 5N 106m2 £5,892 12

Search for your street here.

Raw data

Our analysis of Ferring 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
49, Little Paddocks, Ferring, Goring By Sea £680,000
Feb-2024
69 9,855
4 Arundel Court, Elverlands Close, Ferring, Goring By Sea £435,000
Feb-2024
81 5,370
27, Ferringham Lane, Ferring, Goring By Sea £1,150,000
Feb-2024
215 5,348

See the entire list of all sales in Ferring (BN12 5) here.

About

HouseMetric is a hobby, created out of a desire to see data and analysis not present on any free to use website. It is still a work in progress and I'll add more stuff in the near future.