Feb 07, 2023 by HM

House prices in Hailsham (BN27 2)

This article reveals price per square metre data and various charts to help you understand current housing market in Hailsham (BN27 2).

---

Price per square metre

Knowing the average house price in Hailsham 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. 2, Sackville Road, Hailsham, sold for £235,000 on Sep-2023. Given the internal area of 86 square metres, the price per sqm is £2,732.

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 126 sales in Hailsham (BN27 2) 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 Hailsham (BN27 2). Of the 126 transactions, half were sold for between £2,660 and £3,790 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,790m². 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 'BN27 2' is £3,250. The table below shows how 'BN27 2' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BN27 2 Hailsham	£2,660m2	£3,250m2	£3,790m2
BN27 3 Hailsham	£3,360m2	£3,990m2	£4,570m2
BN27 1 Hailsham	£3,430m2	£3,890m2	£4,470m2
BN27 4 Hellingly	£3,320m2	£3,800m2	£4,660m2

Will Hailsham 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 BN27 2 (Hailsham). 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 BN27 2 and the blue dots are the individual property sales that inform this trend.

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

Price map for Hailsham

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 Hailsham. 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 Hailsham

Street level data

Street	Avg size	Avg £/m2	Recent sales
Bellbanks Road, Hailsham, BN27 2A	58m2	£2,252	30
Mill Road, Hailsham, BN27 2H	79m2	£3,743	23
Swan Road, Hailsham, BN27 2D	82m2	£3,062	13
Station Road, Hailsham, BN27 2E	91m2	£3,374	13
Marshfoot Lane, Hailsham, BN27 2R	128m2	£3,603	12
Mill Road, Hailsham, BN27 2P	42m2	£2,008	10
Tower Crescent, Hailsham, BN27 2F	100m2	£3,056	9
Lindfield Drive, Hailsham, BN27 2D	50m2	£4,393	9

Search for your street here.

Raw data

Our analysis of Hailsham 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
2, Sackville Rd, Hailsham	£235,000 Sep-2023	86	2,732
24, Otham Park, Hailsham	£262,000 Aug-2023	92	2,847
14, Garfield Rd, Hailsham	£265,000 Aug-2023	75	3,533

See the entire list of all sales in Hailsham (BN27 2) here.