Feb 07, 2023 by HM

House prices in Worthing (BN13 3)

This article reveals price per square metre data and various charts to help you understand current housing market in Worthing (BN13 3).


Price per square metre

Knowing the average house price in Worthing 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. 1, Chute Avenue, Worthing, sold for £665,000 on Sep-2023. Given the internal area of 133 square metres, the price per sqm is £5,000.

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 198 sales in Worthing (BN13 3) that took place in the last two years.

Distribution of £ per sqm for Worthing (BN13 3)
Distribution of £ per sqm house prices in Worthing

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 Worthing (BN13 3). Of the 198 transactions, half were sold for between £4,080 and £5,120 per square metre. Notably, only 25% of properties that sold recently were valued at more than £5,120m2. 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 'BN13 3' is £4,530. The table below shows how 'BN13 3' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BN13 2 Worthing £3,790m2 £4,530m2 £5,070m2
BN13 1 Worthing £3,630m2 £4,290m2 £4,900m2
BN13 3 Worthing £4,080m2 £4,530m2 £5,120m2

Will Worthing 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 BN13 3 (Worthing). 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 BN13 3 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Worthing (BN13 3) over time
House price trends for Worthing

Hover on any blue dot to see details of specific sales

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

Price map for Worthing

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 Worthing. 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.

Property price heatmap for Worthing
House price heatmap for Worthing

Street level data

Street Avg size Avg £/m2 Recent sales
Mill Lane, Worthing, BN13 3D 178m2 £3,933 18
Arundel Road, Worthing, BN13 3E 142m2 £3,967 15
New Road, Worthing, BN13 3J 77m2 £4,753 14
Adur Avenue, Worthing, BN13 3L 83m2 £4,332 14
Hayling Rise, Worthing, BN13 3A 123m2 £4,908 13
Malthouse Way, Worthing, BN13 3G 85m2 £4,210 12
Chute Avenue, Worthing, BN13 3D 92m2 £5,377 10
Primrose Place, Worthing, BN13 3F 89m2 £3,984 10

Search for your street here.

New build activity

Street Avg size Avg £/m2 New build sales
Geranium Drive, Worthing, BN13 3W 97m2 £3,419 13

Geranium Drive, Worthing, BN13 3W has seen 13 new build sales in the last 4 years (average price £393,924). These new build homes typically have an internal area of 97 m2, with an average price of £3,419 m2. This £sqm average is £-1111 below the average for BN13 3. New builds typically command a £ per sqm premium. In the case of Geranium Drive 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 Worthing 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
1, Chute Avenue, Worthing £665,000
Sep-2023
133 5,000
18, Coppice Rd, Worthing £435,000
Sep-2023
123 3,536
19, Gladiolus Grove, Worthing £490,000
Aug-2023
104 4,711

See the entire list of all sales in Worthing (BN13 3) 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.