# House prices in BN12 5 (Ferring)

This article reveals price per square metre data and various charts to help you understand current housing market in 'BN12 5' (Ferring, Goring By Sea) - statistics were last calculated on 31 July 2024.

## 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. There are no official names for postcode sectors so I've just labelled it Ferring.

You can click on the map labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

FYI, a postcode sector is the full postcode without the last two letters.

## 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. Crampel Cottage, 61, Sea Lane, Ferring, Goring By Sea, sold for £670,000 on Jun-2024. Given the internal area of 155 square metres, the price per sqm is £4,322.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters 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. £5,600-£6,000, £6,000-£6,400, £6,400-£6,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 166 sales in Ferring (BN12 5) that took place in the last two years.

##### Distribution of £ per sqm for Ferring, Goring By Sea
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 166 transactions, half were sold for between £4,660 and £6,420 per square metre. The median, or 'middle', price per square metre in 'BN12 5' is £5,670. Notably, only 25% of properties that sold recently were valued at more than £6,420 sqm. 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, Goring By Sea

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 Goring By Sea. 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.

House price heatmap for Ferring, Goring By Sea

## 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 6 Goring By Sea £3,980 sqm £4,580 sqm £5,080 sqm
BN12 5 Ferring £4,660 sqm £5,670 sqm £6,420 sqm
BN12 4 Goring By Sea £4,160 sqm £4,700 sqm £5,650 sqm

## Will Goring By Sea 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 chart below for BN12 5 (Ferring) compared with both the wider area BN12 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

##### Historic price per square metre in Ferring,Goring By Sea
House price trends for Ferring

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

##### Most recent BN12 5 sales
Recent trends for Ferring

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Goring By Sea to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about Goring By Sea 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.

## Street level data

Street Avg size Avg £sqm Recent sales
Goring Way, Ferring, BN12 5B 83 sqm £5,304 32
Singleton Crescent, Ferring, BN12 5D 91 sqm £5,392 22
Beehive Lane, Ferring, BN12 5N 110 sqm £5,123 16
Ferringham Lane, Ferring, BN12 5N 114 sqm £5,104 15
Goring Street, Ferring, BN12 5A 79 sqm £3,380 14
Sea Lane, Ferring, BN12 5E 96 sqm £4,667 14
Elm Park, Ferring, BN12 5R 86 sqm £5,129 14
Little Paddocks, Ferring, BN12 5N 106 sqm £6,017 13

## 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.