Feb 07, 2023 by HM

House prices in Southwick (BN42 4)

This article reveals price per square metre data and various charts to help you understand current housing market in Southwick (BN42 4).

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Price per square metre

Knowing the average house price in Southwick 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. 12, Southdown Road, Southwick, sold for £680,000 on Aug-2023. Given the internal area of 113 square metres, the price per sqm is £6,017.

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 198 sales in Southwick (BN42 4) 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 Southwick (BN42 4). Of the 198 transactions, half were sold for between £4,020 and £5,280 per square metre. Notably, only 25% of properties that sold recently were valued at more than £5,280m². 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 'BN42 4' is £4,590. The table below shows how 'BN42 4' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BN42 4 Southwick	£4,020m2	£4,590m2	£5,280m2

Will Southwick 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 BN42 4 (Southwick). 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 BN42 4 and the blue dots are the individual property sales that inform this trend.

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

Price map for Southwick

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 Southwick. 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 Southwick

Street level data

Street	Avg size	Avg £/m2	Recent sales
Manor Hall Road, Southwick, BN42 4N	95m2	£4,226	24
Downsway, Southwick, BN42 4W	87m2	£4,489	23
Meadway Court, Southwick, BN42 4S	68m2	£3,535	20
Old Shoreham Road, Southwick, BN42 4L	117m2	£3,552	16
The Gardens, Southwick, BN42 4A	88m2	£3,955	16
The Crescent, Southwick, BN42 4L	106m2	£4,779	16
Overhill, Southwick, BN42 4W	97m2	£4,459	16
Old Barn Way, Southwick, BN42 4N	91m2	£3,805	15

Search for your street here.

Raw data

Our analysis of Southwick 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
32, Old Shoreham Rd, Southwick	£315,000 Aug-2023	53	5,943
12, Southdown Rd, Southwick	£680,000 Aug-2023	113	6,017
6, Phoenix Way, Southwick	£560,000 Aug-2023	102	5,490

See the entire list of all sales in Southwick (BN42 4) here.