Feb 07, 2023 by HM

House prices in Lancing (BN15 8)

This article reveals price per square metre data and various charts to help you understand current housing market in Lancing (BN15 8).


Defining 'BN15 8'

This analysis is limited to properties whose postcode starts with "BN15 8", 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 Lancing 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, Alexandra Road, Lancing, sold for £340,000 on Jan-2024. Given the internal area of 63 square metres, the price per sqm is £5,396.

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 211 sales in Lancing (BN15 8) that took place in the last two years.

Distribution of £ per sqm for Lancing (BN15 8)
Distribution of £ per sqm house prices in Lancing

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 Lancing (BN15 8). Of the 211 transactions, half were sold for between £3,570 and £5,090 per square metre. The median, or 'middle', price per square metre in 'BN15 8' is £4,360. Notably, only 25% of properties that sold recently were valued at more than £5,090m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for 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.

Property price heatmap for Lancing
House price heatmap for Lancing

Comparison with neighbouring postcode sectors

The table below shows how 'BN15 8' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BN15 0 Sompting £3,910m2 £4,460m2 £5,120m2
BN15 9 Lancing £3,750m2 £4,320m2 £4,930m2
BN15 8 Lancing £3,570m2 £4,360m2 £5,090m2

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 scatter plot below for BN15 8 (Lancing). 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 BN15 8 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Lancing (BN15 8) over time
House price trends for Lancing

Hover on any blue dot to see details of specific sales

Disclaimer: 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. 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 Lancing data or any other data I am given.

Street level data

Street Avg size Avg £/m2 Recent sales
Brighton Road, Lancing, BN15 8J 83m2 £3,590 39
Freshbrook Road, Lancing, BN15 8D 60m2 £3,545 39
Brighton Road, Lancing, BN15 8L 94m2 £3,759 34
Brighton Road, Lancing, BN15 8E 73m2 £3,832 29
Penhill Road, Lancing, BN15 8H 69m2 £4,008 27
Brighton Road, Lancing, BN15 8R 88m2 £3,398 22
Elm Grove, Lancing, BN15 8P 62m2 £3,569 19
Cecil Road, Lancing, BN15 8H 69m2 £4,264 18

Search for your street here.

Raw data

Our analysis of Lancing 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, Alexandra Rd, Lancing £340,000
Jan-2024
63 5,396
2 Luxor Court, South St, Lancing £192,000
Jan-2024
51 3,764
4 Warnham Court, Chester Avenue, Lancing £170,000
Jan-2024
38 4,473

See the entire list of all sales in Lancing (BN15 8) 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.