House prices in BN3 1 (Hove)

This article reveals price per square metre data and various charts to help you understand current housing market in Hove (BN3 1).


Defining 'BN3 1'

This analysis is limited to properties whose postcode starts with "BN3 1", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Hove.

You can click on the map labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

FYI, a postcode sector is the full postcode without the last two letters.

Price per square metre

Knowing the average house price in Hove 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. 8 Bell Mead, Holland Road, Hove, sold for £155,000 on Mar-2024. Given the internal area of 48 square metres, the price per sqm is £3,229.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters 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. £5,600-£6,000, £6,000-£6,400, £6,400-£6,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 259 sales in Hove (BN3 1) that took place in the last two years.

Distribution of £ per sqm for Hove
Distribution of £ per sqm house prices in Hove

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 Hove (BN3 1). Of the 259 transactions, half were sold for between £5,000 and £6,390 per square metre. The median, or 'middle', price per square metre in 'BN3 1' is £5,690. Notably, only 25% of properties that sold recently were valued at more than £6,390 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Hove

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 Hove. 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 Hove
House price heatmap for Hove

Comparison with neighbouring postcode sectors

The table below shows how 'BN3 1' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BN3 5 Hove £5,510 sqm £6,150 sqm £6,960 sqm
BN3 1 Hove £5,000 sqm £5,690 sqm £6,390 sqm
BN3 7 Hove £4,730 sqm £5,540 sqm £6,280 sqm
BN3 8 Hove £4,780 sqm £5,460 sqm £6,450 sqm
BN3 6 Hove £5,510 sqm £6,220 sqm £7,420 sqm
BN3 3 Hove £4,920 sqm £5,560 sqm £6,340 sqm
BN3 4 Hove £5,080 sqm £5,820 sqm £7,000 sqm
BN3 2 Hove £5,000 sqm £5,800 sqm £6,630 sqm

Will Hove 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 chart below for BN3 1 (Hove) compared with both the wider area BN3 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

Historic price per square metre in Hove,Hove
House price trends for Hove

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

Most recent BN3 1 sales
Recent trends for Hove

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Hove to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about Hove 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.

Street level data

Street Avg size Avg £sqm Recent sales
Holland Road, Hove, BN3 1J 75 sqm £4,864 57
Brunswick Square, Hove, BN3 1E 83 sqm £5,706 51
Furze Hill, Hove, BN3 1P 66 sqm £5,139 43
Furze Hill, Hove, BN3 1N 86 sqm £4,458 35
Brunswick Place, Hove, BN3 1N 68 sqm £5,529 35
Brunswick Terrace, Hove, BN3 1H 78 sqm £5,525 34
Lansdowne Place, Hove, BN3 1F 60 sqm £5,459 29
Lansdowne Street, Hove, BN3 1F 55 sqm £5,601 26

Search for your street here.

Raw data

Our analysis of Hove 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 sqm £/sqm
8 Bell Mead, Holland Rd, Hove £155,000
Mar-2024
48 3,229
Ground Floor Flat 31, Waterloo St, Hove £250,000
Mar-2024
49 5,102
99 Wick Hall, Furze Hill, Hove £436,000
Feb-2024
93 4,688

See the entire list of all sales in Hove (BN3 1) here.

About

I created HouseMetric because I wanted to see this data and analysis myself, I also wanted to teach myself to build a website. Please give me feedback or spread the word about it. I'm constantly tinkering and adding more stuff to it.