Feb 07, 2023 by HM

# House prices in Southwick (BN42 4)

## Defining 'BN42 4'

This analysis is limited to properties whose postcode starts with "BN42 4", this is also called the postcode sector. It is shown in red on the map above. You can click on the map labels to change to a neighbouring sector.

## 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. 101, Overhill, Southwick, sold for £450,000 on Feb-2024. Given the internal area of 85 square metres, the price per sqm is £5,294.

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 194 sales in Southwick (BN42 4) that took place in the last two years.

##### Distribution of £ per sqm for Southwick (BN42 4)
Distribution of £ per sqm house prices in Southwick

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 Southwick (BN42 4). Of the 194 transactions, half were sold for between £4,060 and £5,330 per square metre. The median, or 'middle', price per square metre in 'BN42 4' is £4,620. Notably, only 25% of properties that sold recently were valued at more than £5,330m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Southwick

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 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.

House price heatmap for Southwick

## Comparison with neighbouring postcode sectors

The table below shows how 'BN42 4' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BN42 4 Southwick £4,060m2 £4,620m2 £5,330m2

## 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.

##### Price per square metre in Southwick (BN42 4) over time
House price trends for Southwick

Hover on any blue dot to see details of specific sales

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.

## Street level data

Street Avg size Avg £/m2 Recent sales
Downsway, Southwick, BN42 4W 87m2 £4,690 23
Manor Hall Road, Southwick, BN42 4N 95m2 £4,291 23
Meadway Court, Southwick, BN42 4S 68m2 £3,562 20
Old Shoreham Road, Southwick, BN42 4L 118m2 £3,570 17
The Gardens, Southwick, BN42 4A 88m2 £4,100 16
The Crescent, Southwick, BN42 4L 106m2 £4,872 15
Old Barn Way, Southwick, BN42 4N 91m2 £3,887 13
Overhill, Southwick, BN42 4W 97m2 £4,678 13

## 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.