Feb 07, 2023 by HM

House prices in Eastbourne (BN21 1)

This article reveals price per square metre data and various charts to help you understand current housing market in Eastbourne (BN21 1).

---

Price per square metre

Knowing the average house price in Eastbourne 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. 40, Letheren Place, Eastbourne, sold for £577,500 on Oct-2023. Given the internal area of 133 square metres, the price per sqm is £4,342.

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. £3,700-£4,000, £4,000-£4,300, £4,300-£4,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 281 sales in Eastbourne (BN21 1) 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 Eastbourne (BN21 1). Of the 281 transactions, half were sold for between £2,860 and £4,060 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,060m². 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 'BN21 1' is £3,420. The table below shows how 'BN21 1' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BN21 3 Eastbourne	£2,300m2	£2,700m2	£3,240m2
BN21 1 Eastbourne	£2,860m2	£3,420m2	£4,060m2
BN21 2 Eastbourne	£3,000m2	£3,530m2	£4,110m2
BN21 4 Eastbourne	£2,700m2	£3,180m2	£3,790m2

Will Eastbourne 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 BN21 1 (Eastbourne). 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 BN21 1 and the blue dots are the individual property sales that inform this trend.

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

Price map for Eastbourne

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 Eastbourne. 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 Eastbourne

Street level data

Street	Avg size	Avg £/m2	Recent sales
Upperton Road, Eastbourne, BN21 1L	60m2	£2,740	63
Southfields Road, Eastbourne, BN21 1B	86m2	£3,035	34
Willingdon Road, Eastbourne, BN21 1T	132m2	£2,733	32
Compton Place Road, Eastbourne, BN21 1D	108m2	£3,042	29
Compton Place Road, Eastbourne, BN21 1E	107m2	£3,230	29
The Goffs, Eastbourne, BN21 1H	107m2	£3,042	23
Upperton Road, Eastbourne, BN21 1J	80m2	£2,905	21
Baldwin Avenue, Eastbourne, BN21 1U	146m2	£4,272	16

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Southfields Road, Eastbourne, BN21 1A	60m2	£5,977	21

Southfields Road, Eastbourne, BN21 1A has seen 21 new build sales in the last 4 years (average price £355,680). These new build homes typically have an internal area of 60 m2, with an average price of £5,977 m2. This £sqm average is £2557 above the average for BN21 1. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Eastbourne 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
Flat 5 Downsmeade, 30, Upperton Rd, Eastbourne	£224,950 Oct-2023	65	3,460
40, Letheren Pl, Eastbourne	£577,500 Oct-2023	133	4,342
Flat 2 34, Saffrons Rd, Eastbourne	£235,000 Sep-2023	73	3,219

See the entire list of all sales in Eastbourne (BN21 1) here.