House prices in BN15 0 (Sompting)
This article reveals price per square foot data and various charts to help you understand current housing market in 'BN15 0' (Sompting, Lancing) - statistics were last calculated on 30 August 2024.
Defining 'BN15 0'
This analysis is limited to properties whose postcode starts with "BN15 0", 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 Sompting.
You can click on the map to change 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 foot
Knowing the average house price in Sompting is not much use. However, knowing average price per square foot can be quite useful. Price per sqft allows some comparison between properties of different size. We define price per square foot as the sold price divided by the internal area of a property:
£ per sqft = price ÷ internal areaE.g. 18, Bramber Close, Sompting, Lancing, sold for £415,000 on Jul-2024. Given the internal area of 775 square feet, the price per sqft is £535.
England & Wales have been officially metric for many decades. Convert this site to square meters.
The chart below is called a histogram, it helps you see the distribution of this house price per sqft data. To make this chart we put the sales data into a series of £ per sqft 'buckets' (e.g. £445-£464, £464-£483, £483-£501 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 147 sales in Sompting (BN15 0) that took place in the last two years.
Distribution of £ per sqft for Sompting, Lancing
Generate a custom chart like the one above but based on your own criteria.
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 Sompting (BN15 0). Of the 147 transactions, half were sold for between £365 and £472 per square foot. The median, or 'middle', price per square foot in 'BN15 0' is £414. Notably, only 25% of properties that sold recently were valued at more than £472 sqft. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.
Price map for Sompting, Lancing
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 Lancing. 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 Sompting, Lancing
Comparison with neighbouring postcode sectors
The table below shows how 'BN15 0' compares to neighbouring postcode sectors.
Postcode sector | Lower quartile | Middle quartile | Upper quartile |
---|---|---|---|
BN15 0 Sompting | £365 sqft | £414 sqft | £472 sqft |
BN15 9 Lancing | £353 sqft | £404 sqft | £467 sqft |
BN15 8 Lancing | £339 sqft | £415 sqft | £476 sqft |
Will Lancing 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 BN15 0 (Sompting) compared with both the wider area BN15 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 foot in Sompting,Lancing
Download time series data as CSV (paying users only).
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 BN15 0 sales
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 Lancing 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 Lancing 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 £sqft | Recent sales |
---|---|---|---|
Cokeham Road, Sompting, BN15 0A | 839 sqft | £382 | 17 |
Howard Road, Sompting, BN15 0L | 742 sqft | £512 | 15 |
Test Road, Sompting, BN15 0E | 871 sqft | £370 | 15 |
Abbey Road, Sompting, BN15 0A | 861 sqft | £467 | 12 |
Halewick Lane, Sompting, BN15 0N | 968 sqft | £378 | 12 |
Greenoaks, Sompting, BN15 0H | 925 sqft | £409 | 12 |
Dankton Gardens, Sompting, BN15 0D | 742 sqft | £367 | 11 |
Busticle Lane, Sompting, BN15 0D | 818 sqft | £357 | 11 |
Search for your street here.
Raw data
Our analysis of Sompting 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 | sqft | £/sqft |
---|---|---|---|
18, Bramber Close, Sompting, Lancing | £415,000
Jul-2024
|
775 | 535 |
24, Sylvan Rd, Sompting, Lancing | £145,000
Jul-2024
|
538 | 269 |
13, Tristram Close, Sompting, Lancing | £348,000
Jun-2024
|
1,001 | 347 |
About
I created HouseMetric because I wanted to see this data and analysis myself, I also wanted to teach myself to build a website. Please give me feedback or spread the word about it. I'm constantly tinkering and adding more stuff to it.