Feb 07, 2023 by HM

House prices in Shoreham-By-Sea (BN43 5)

This article reveals price per square metre data and various charts to help you understand current housing market in Shoreham-By-Sea (BN43 5).

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Price per square metre

Knowing the average house price in Shoreham-By-Sea 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. 39, Greenacres, Shoreham-By-Sea, sold for £505,000 on Oct-2023. Given the internal area of 83 square metres, the price per sqm is £6,084.

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. £5,700-£6,000, £6,000-£6,300, £6,300-£6,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 316 sales in Shoreham-By-Sea (BN43 5) 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 Shoreham-By-Sea (BN43 5). Of the 316 transactions, half were sold for between £4,320 and £5,940 per square metre. Notably, only 25% of properties that sold recently were valued at more than £5,940m². 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 'BN43 5' is £5,040. The table below shows how 'BN43 5' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BN43 6 Shoreham-By-Sea	£4,240m2	£4,920m2	£5,700m2
BN43 5 Shoreham-By-Sea	£4,320m2	£5,040m2	£5,940m2

Will Shoreham-By-Sea 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 BN43 5 (Shoreham-By-Sea). 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 BN43 5 and the blue dots are the individual property sales that inform this trend.

Disclaimer: The data provided throughout this website about Shoreham-By-Sea 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 Shoreham-By-Sea data or any other data I am given.

Price map for Shoreham-By-Sea

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 Shoreham-By-Sea. 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 Shoreham-By-Sea

Street level data

Street	Avg size	Avg £/m2	Recent sales
Emerald Quay, Shoreham-By-Sea, BN43 5J	61m2	£4,515	30
Sussex Wharf, Shoreham-By-Sea, BN43 5P	66m2	£4,190	30
Old Fort Road, Shoreham-By-Sea, BN43 5H	187m2	£5,958	23
Southdown Road, Shoreham-By-Sea, BN43 5A	71m2	£4,322	19
Harbour Way, Shoreham-By-Sea, BN43 5H	109m2	£4,564	19
Beach Green, Shoreham-By-Sea, BN43 5Y	104m2	£4,399	19
Old Fort Road, Shoreham-By-Sea, BN43 5R	117m2	£5,457	18
Anchor Close, Shoreham-By-Sea, BN43 5B	76m2	£5,028	17

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Salt Marsh Road, Shoreham-By-Sea, BN43 5Q	132m2	£4,815	52

Salt Marsh Road, Shoreham-By-Sea, BN43 5Q has seen 52 new build sales in the last 4 years (average price £606,717). These new build homes typically have an internal area of 132 m2, with an average price of £4,815 m2. This £sqm average is £-225 below the average for BN43 5. New builds typically command a £ per sqm premium. In the case of Salt Marsh Road the premium seems not to exist. Without more info we can only speculate why this may be. Perhaps it may be greater density and smaller gardens, but this is just a guess.

Raw data

Our analysis of Shoreham-By-Sea 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
39, Greenacres, Shoreham-By-Sea	£505,000 Oct-2023	83	6,084
Flat 15 Homehaven Court, Swiss Gardens, Shoreham-By-Sea	£148,000 Aug-2023	37	4,000
57, The Avenue, Shoreham-By-Sea	£450,000 Aug-2023	72	6,250

See the entire list of all sales in Shoreham-By-Sea (BN43 5) here.