Feb 07, 2023 by HM

House prices in Goring By Sea (BN12 6)

This article reveals price per square metre data and various charts to help you understand current housing market in Goring By Sea (BN12 6).

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Price per square metre

Knowing the average house price in Goring By Sea 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. 5, Maybridge Square, Goring By Sea, sold for £340,000 on Aug-2023. Given the internal area of 86 square metres, the price per sqm is £3,953.

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. £3,700-£4,000, £4,000-£4,300, £4,300-£4,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 223 sales in Goring By Sea (BN12 6) 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 Goring By Sea (BN12 6). Of the 223 transactions, half were sold for between £3,930 and £4,880 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,880m². 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 'BN12 6' is £4,420. The table below shows how 'BN12 6' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BN12 6 Goring By Sea	£3,930m2	£4,420m2	£4,880m2
BN12 4 Goring By Sea	£4,180m2	£4,750m2	£5,730m2
BN12 5 Ferring	£4,450m2	£5,490m2	£6,360m2

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 scatter plot below for BN12 6 (Goring By Sea). 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 6 and the blue dots are the individual property sales that inform this trend.

Disclaimer: 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. 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 Goring By Sea data or any other data I am given.

Price map for Goring By Sea

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 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. I will explain more about the methodology and create a key next week.

House price heatmap for Goring By Sea

Street level data

Street	Avg size	Avg £/m2	Recent sales
The Causeway, Goring By Sea, BN12 6F	51m2	£3,593	29
The Strand, Goring By Sea, BN12 6D	90m2	£3,779	25
Palatine Road, Goring By Sea, BN12 6J	93m2	£4,627	19
Limbrick Lane, Goring By Sea, BN12 6A	69m2	£3,432	18
Windermere Crescent, Goring By Sea, BN12 6L	77m2	£4,725	14
Skylark Rise, Goring By Sea, BN12 6F	96m2	£4,323	14
Kipling Avenue, Goring By Sea, BN12 6L	74m2	£3,621	14
Chesterfield Road, Goring By Sea, BN12 6B	81m2	£3,556	12

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Strand Parade, Goring By Sea, BN12 6F	42m2	£4,048	29

Strand Parade, Goring By Sea, BN12 6F has seen 29 new build sales in the last 4 years (average price £161,987). These new build homes typically have an internal area of 42 m2, with an average price of £4,048 m2. This £sqm average is £-372 below the average for BN12 6. New builds typically command a £ per sqm premium. In the case of Strand Parade 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 Goring By Sea 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
5, Maybridge Square, Goring By Sea	£340,000 Aug-2023	86	3,953
23 Causeway Place, 1a, The Causeway, Goring By Sea	£99,750 Aug-2023	61	1,635
22a, Newtimber Avenue, Goring By Sea	£328,000 Aug-2023	50	6,560

See the entire list of all sales in Goring By Sea (BN12 6) here.