Feb 07, 2023 by HM

House prices in Wick (BN17 7)

This article reveals price per square metre data and various charts to help you understand current housing market in Wick (BN17 7).

---

Price per square metre

Knowing the average house price in Wick 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. 59, Henry Lock Way, Wick, Littlehampton, sold for £417,500 on Sep-2023. Given the internal area of 87 square metres, the price per sqm is £4,798.

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. £3,250-£3,500, £3,500-£3,750, £3,750-£4,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 271 sales in Wick (BN17 7) 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 Wick (BN17 7). Of the 271 transactions, half were sold for between £3,150 and £4,330 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,330m². 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 'BN17 7' is £3,720. The table below shows how 'BN17 7' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BN17 7 Wick	£3,150m2	£3,720m2	£4,330m2
BN17 5 Littlehampton	£2,540m2	£3,170m2	£3,930m2
BN17 6 Littlehampton	£3,430m2	£4,110m2	£4,790m2

Will Wick 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 BN17 7 (Wick). 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 BN17 7 and the blue dots are the individual property sales that inform this trend.

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

Price map for Wick

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 Wick. 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 Wick

Street level data

Street	Avg size	Avg £/m2	Recent sales
Wick Street, Wick, BN17 7J	68m2	£3,241	19
Gloucester Road, Wick, BN17 7B	70m2	£2,847	17
Linnet Close, Wick, BN17 7G	93m2	£3,577	16
Blackbourne Chase, Wick, BN17 7F	72m2	£3,136	16
Maxwell Road, Wick, BN17 7B	94m2	£3,148	14
Amsbridge Crescent, Wick, BN17 7G	74m2	£3,279	14
Clun Road, Wick, BN17 7E	77m2	£3,323	13
Ernest Fitches Way, Wick, BN17 7E	98m2	£3,519	13

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Neal Crescent, Wick, BN17 7T	79m2	£3,701	14
Pethick Road, Wick, BN17 7T	93m2	£3,394	11

Neal Crescent, Wick, BN17 7T has seen 14 new build sales in the last 4 years (average price £289,107). These new build homes typically have an internal area of 79 m2, with an average price of £3,701 m2. This £sqm average is £-19 below the average for BN17 7. New builds typically command a £ per sqm premium. In the case of Neal Crescent 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 Wick 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
59, Henry Lock Way, Wick, Littlehampton	£417,500 Sep-2023	87	4,798
69, East Ham Rd, Wick, Littlehampton	£330,000 Aug-2023	109	3,027
1, Fawcett Grove, Wick, Littlehampton	£325,000 Aug-2023	85	3,823

See the entire list of all sales in Wick (BN17 7) here.