Feb 07, 2023 by HM

# House prices in Polegate (BN26 5)

This article reveals price per square metre data and various charts to help you understand current housing market in Polegate (BN26 5).

## Defining 'BN26 5'

This analysis is limited to properties whose postcode starts with "BN26 5", 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 Polegate 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. Lingfield The Stud Farm Stables, Gainsborough Lane, Polegate, sold for £375,000 on Feb-2024. Given the internal area of 119 square metres, the price per sqm is £3,151.

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. £4,700-£5,000, £5,000-£5,300, £5,300-£5,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 147 sales in Polegate (BN26 5) that took place in the last two years.

##### Distribution of £ per sqm for Polegate (BN26 5)
Distribution of £ per sqm house prices in Polegate

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 Polegate (BN26 5). Of the 147 transactions, half were sold for between £3,920 and £5,430 per square metre. The median, or 'middle', price per square metre in 'BN26 5' is £4,690. Notably, only 25% of properties that sold recently were valued at more than £5,430m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Polegate

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 Polegate. 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 Polegate

## Comparison with neighbouring postcode sectors

The table below shows how 'BN26 5' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BN26 6 Polegate £3,420m2 £4,100m2 £4,920m2
BN26 5 Polegate £3,920m2 £4,690m2 £5,430m2

## Will Polegate 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 BN26 5 (Polegate). 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 BN26 5 and the blue dots are the individual property sales that inform this trend.

##### Price per square metre in Polegate (BN26 5) over time
House price trends for Polegate

Hover on any blue dot to see details of specific sales

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

## Street level data

Street Avg size Avg £/m2 Recent sales
Walnut Walk, Polegate, BN26 5A 59m2 £3,557 15
Barons Way, Polegate, BN26 5J 71m2 £4,264 12
Kings Ride, Polegate, BN26 5X 180m2 £4,834 12
Brightling Road, Polegate, BN26 5A 68m2 £5,007 12
Windmill Road, Polegate, BN26 5B 64m2 £4,901 11
Heron Ridge, Polegate, BN26 5B 63m2 £4,042 10
Eastbourne Road, Polegate, BN26 5D 121m2 £3,612 10
Farmlands Way, Polegate, BN26 5L 64m2 £4,498 10

Search for your street here.

## Raw data

Our analysis of Polegate 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
Lingfield The Stud Farm Stables, Gainsborough Lane, Polegate £375,000
Feb-2024
119 3,151
1 White Court, Kings Ride, Polegate £750,000
Feb-2024
143 5,244
101, Brightling Rd, Polegate £447,000
Jan-2024
74 6,040

#### 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.