# House prices in BN3 3 (Hove)

## Defining 'BN3 3'

This analysis is limited to properties whose postcode starts with "BN3 3", 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. Flat 1a 33, Ventnor Villas, Hove, sold for £241,000 on Mar-2024. Given the internal area of 51 square metres, the price per sqm is £4,725.

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. £5,150-£5,500, £5,500-£5,850, £5,850-£6,200 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 334 sales in Hove (BN3 3) 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 3). Of the 334 transactions, half were sold for between £4,920 and £6,340 per square metre. The median, or 'middle', price per square metre in 'BN3 3' is £5,560. Notably, only 25% of properties that sold recently were valued at more than £6,340 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.

House price heatmap for Hove

## Comparison with neighbouring postcode sectors

The table below shows how 'BN3 3' 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 3 (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 3 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
Cromwell Road, Hove, BN3 3E 65 sqm £5,120 67
The Drive, Hove, BN3 3J 73 sqm £4,752 58
Palmeira Avenue, Hove, BN3 3G 76 sqm £5,552 46
The Drive, Hove, BN3 3P 79 sqm £5,257 45
Wilbury Road, Hove, BN3 3G 56 sqm £5,018 40
Eaton Gardens, Hove, BN3 3T 75 sqm £5,320 29
Livingstone Road, Hove, BN3 3W 78 sqm £5,877 29
Eaton Road, Hove, BN3 3A 75 sqm £4,586 28

## 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.

Flat 1a 33, Ventnor Villas, Hove £241,000
Mar-2024
51 4,725
Flat 3 62, The Drive, Hove £750,000
Mar-2024
152 4,934
48, Goldstone Villas, Hove £1,180,000
Mar-2024
189 6,243