Feb 07, 2023 by HM

House prices in Eastbourne (BN23 8)

This article reveals price per square metre data and various charts to help you understand current housing market in Eastbourne (BN23 8).


Defining 'BN23 8'

This analysis is limited to properties whose postcode starts with "BN23 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 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. 36, Pentland Close, Eastbourne, sold for £250,000 on Nov-2023. Given the internal area of 96 square metres, the price per sqm is £2,604.

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. £3,800-£4,000, £4,000-£4,200, £4,200-£4,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 133 sales in Eastbourne (BN23 8) that took place in the last two years.

Distribution of £ per sqm for Eastbourne (BN23 8)
Distribution of £ per sqm house prices in Eastbourne

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 Eastbourne (BN23 8). Of the 133 transactions, half were sold for between £3,210 and £4,190 per square metre. The median, or 'middle', price per square metre in 'BN23 8' is £3,780. Notably, only 25% of properties that sold recently were valued at more than £4,190m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Eastbourne

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 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.

Property price heatmap for Eastbourne
House price heatmap for Eastbourne

Comparison with neighbouring postcode sectors

The table below shows how 'BN23 8' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BN23 6 Eastbourne £3,390m2 £3,880m2 £4,400m2
BN23 8 Eastbourne £3,210m2 £3,780m2 £4,190m2
BN23 7 Eastbourne £3,270m2 £3,750m2 £4,610m2
BN23 5 Eastbourne £3,310m2 £3,820m2 £4,420m2

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 BN23 8 (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 BN23 8 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Eastbourne (BN23 8) over time
House price trends for Eastbourne

Hover on any blue dot to see details of specific sales

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.

Street level data

Street Avg size Avg £/m2 Recent sales
Snowdon Close, Eastbourne, BN23 8H 45m2 £3,631 24
Sorrel Drive, Eastbourne, BN23 8B 77m2 £3,274 16
Milfoil Drive, Eastbourne, BN23 8B 71m2 £3,317 12
Pentland Close, Eastbourne, BN23 8A 87m2 £3,689 11
Cairngorm Close, Eastbourne, BN23 8H 98m2 £4,001 11
Bembridge Road, Eastbourne, BN23 8D 75m2 £3,088 11
Trossachs Close, Eastbourne, BN23 8H 106m2 £3,827 11
Broad Oak Close, Eastbourne, BN23 8L 59m2 £3,440 11

Search for your street here.

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
36, Pentland Close, Eastbourne £250,000
Nov-2023
96 2,604
6, Broad Oak Close, Eastbourne £255,000
Nov-2023
55 4,636
3, Mendip Avenue, Eastbourne £560,000
Nov-2023
265 2,113

See the entire list of all sales in Eastbourne (BN23 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.