# House prices in BN16 1 (East Preston)

This article reveals price per square metre data and various charts to help you understand current housing market in 'BN16 1' (East Preston, Rustington) - statistics were last calculated on 31 July 2024.

## Defining 'BN16 1'

This analysis is limited to properties whose postcode starts with "BN16 1", 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 East Preston.

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 East Preston 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. 17, Brou Close, East Preston, Rustington, sold for £580,000 on Jun-2024. Given the internal area of 97 square metres, the price per sqm is £5,979.

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. £4,150-£4,500, £4,500-£4,850, £4,850-£5,200 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 201 sales in East Preston (BN16 1) that took place in the last two years.

##### Distribution of £ per sqm for East Preston, Rustington
Distribution of £ per sqm house prices in East Preston

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 East Preston (BN16 1). Of the 201 transactions, half were sold for between £3,750 and £5,880 per square metre. The median, or 'middle', price per square metre in 'BN16 1' is £4,820. Notably, only 25% of properties that sold recently were valued at more than £5,880 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 East Preston, Rustington

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 Rustington. 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 East Preston, Rustington

## Comparison with neighbouring postcode sectors

The table below shows how 'BN16 1' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BN16 2 Rustington £3,980 sqm £4,530 sqm £5,890 sqm
BN16 4 Angmering £3,850 sqm £4,340 sqm £4,740 sqm
BN16 1 East Preston £3,750 sqm £4,820 sqm £5,880 sqm
BN16 3 Rustington £3,460 sqm £3,970 sqm £4,650 sqm

## Will Rustington 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 BN16 1 (East Preston) compared with both the wider area BN16 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 East Preston,Rustington
House price trends for East Preston

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 BN16 1 sales
Recent trends for East Preston

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 Rustington 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 Rustington 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
Worthing Road, East Preston, BN16 1A 59 sqm £2,573 25
Warren Crescent, East Preston, BN16 1B 80 sqm £4,284 21
Downs Way, East Preston, BN16 1A 78 sqm £4,398 20
Ashurst Way, East Preston, BN16 1A 65 sqm £4,850 16
Vermont Drive, East Preston, BN16 1L 90 sqm £5,725 15
The Street, East Preston, BN16 1H 78 sqm £4,037 15
Golden Avenue, East Preston, BN16 1Q 180 sqm £5,167 15
Sea Lane Close, East Preston, BN16 1S 87 sqm £3,314 14

## Raw data

Our analysis of East Preston 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.