Feb 07, 2023 by HM

House prices in Portslade (BN41 2)

This article reveals price per square metre data and various charts to help you understand current housing market in Portslade (BN41 2).

---

Price per square metre

Knowing the average house price in Portslade 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. 57, Melrose Avenue, Portslade, sold for £403,000 on Sep-2023. Given the internal area of 64 square metres, the price per sqm is £6,296.

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. £4,250-£4,500, £4,500-£4,750, £4,750-£5,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 270 sales in Portslade (BN41 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 Portslade (BN41 2). Of the 270 transactions, half were sold for between £4,320 and £5,720 per square metre. Notably, only 25% of properties that sold recently were valued at more than £5,720m². 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 'BN41 2' is £4,920. The table below shows how 'BN41 2' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BN41 2 Portslade	£4,320m2	£4,920m2	£5,720m2
BN41 1 Portslade	£4,160m2	£4,730m2	£5,350m2

Will Portslade 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 BN41 2 (Portslade). 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 BN41 2 and the blue dots are the individual property sales that inform this trend.

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

Price map for Portslade

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 Portslade. 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 Portslade

Street level data

Street	Avg size	Avg £/m2	Recent sales
Valley Road, Portslade, BN41 2T	73m2	£4,455	25
Oakdene Crescent, Portslade, BN41 2R	69m2	£4,729	24
North Lane, Portslade, BN41 2H	73m2	£4,999	22
Thornhill Rise, Portslade, BN41 2Y	69m2	£4,599	20
Graham Crescent, Portslade, BN41 2Y	69m2	£4,596	20
Southdown Road, Portslade, BN41 2H	80m2	£4,837	18
Graham Avenue, Portslade, BN41 2W	73m2	£4,331	17
Mile Oak Road, Portslade, BN41 2P	98m2	£4,352	16

Search for your street here.

Raw data

Our analysis of Portslade 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
57, Melrose Avenue, Portslade	£403,000 Sep-2023	64	6,296
40, Overdown Rise, Portslade	£315,000 Aug-2023	74	4,256
11, Mile Oak Rd, Portslade	£410,000 Aug-2023	86	4,767

See the entire list of all sales in Portslade (BN41 2) here.