Sometimes, working out the prices of the houses for sale can be tricky business. This is why we created this article all about the price of houses for sale in Eastbourne, East Sussex.
From the average asking price of houses for sale in Eastbourne, to the growth of the population in the area, all will be talked about regarding the city of Eastbourne. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
Professional advice for houses for sale in Eastbourne
Choosing the perfect house for sale for you might be challenging in today’s market due to the abundance of available houses.
You may wonder who can guide you through the process of selecting a house that is for sale.
There are several experts that provide guidance and support to potential buyers and the procedure can be drawn out, particularly when dealing with houses for sale.
Here is a list of who to contact to get assistance when purchasing a house for sale:
- Banks – The ones that can lend you the money you need for the house for sale
- Insurance companies – Companies that give you access to various insurances specific to the house for sale you are considering to buy
- Solicitor – The individual or business responsible for handling the legal tasks required to purchase a home that is for sale.
- Civil engineer – Provides you with an appraisal of the house up for sale that you want to purchase.
- Mortgage advisor – Professional advisors that will guide you and propose the best mortgage deals according to your finances
- EPC specialist – Getting professional advice on the energy performance of the house for sale is crucial, especially nowadays.
What is the final sale price of a house in Eastbourne?
As well as looking at the asking price for house for sale in Eastbourne, a sensible homeowner or investor will also consider the final price a house sells for. This final price may be influenced by elements like the amount people are earning in the area and what opportunities for employment there are in Eastbourne.
Houses for sale, are sold on average in Eastbourne, after the influence of these factors, at £233,782 as a result. And may be on the rise or decline depending on a combination of variables such as the crime rate, or population growth which was 5% over the last 10 years.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £447,799 |
| Aerage sold price (semi-detached) | £355,776 |
| Aerage sold price (terraced) | £298,346 |
| Aerage sold price (flat) | £174,072 |
This table above shows the average sale price for each variation of houses for sale in Eastbourne.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £2,880 |
| Aerage sold price/sqft (new build) | £4,490 |
| Aerage sold price/sqft (old stock) | £2,780 |
This final table looks at the price per square foot of houses for sale. Looking at the final table, you can take a further average and conclude that the average price per square foot of houses in general in Eastbourne is £2,880.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
What’s the rental yield in general for the city of Eastbourne?
Are there new houses being built in Eastbourne to make it grow?
The growth of an area like Eastbourne can be a great indicator of a thriving city and the influx of new people can drive demand for housing and help appreciate the value of your house after you buy it.
Paying attention to the table below tells you how the number of houses has changed over time at one year, three year and five year intervals.
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Eastbourne growth rate | -5% | 7% | 17% |
Despite the number of houses being built rising, this may not indicate that the housing price of the houses for sale is going up. It could be the case that there are a lot of new builds in the area which are causing the supply of the houses for sale to match demand and this could cause a decline in house price as time goes on.
Make sure you do your own research specific to the city of Eastbourne if you want to find out the exact reasons for the housing change.
Assuming you are not looking for a house for sale in a certain area because of private reasons such as being close to a family member or you have been relocated to a new office, these are some of the factors to consider in order to understand if an investment is worth your money.
Investors typically look at data such as the average rental yield, the average asking price of rent per month, rent turnover and sale turnover. These KPIs give property investors a solid idea of how the market is performing in that area.
For the city of Eastbourne, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; South East. As well as East Sussex, to give a smaller scale area to compare the data to.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Eastbourne | 4.0% | £893 | 140% | 18.0% |
| East Sussex | 3.51% | £1,258 | 139.11% | 13.90% |
| South East | 3.58% | £1,301 | 127.50% | 16.69% |
Assuming that in the future you want to re-sell the house you will eventually purchased in Eastbourne you might be interested in the number of sales per month (36) that happen in the local housing market. Comparing this figure for Eastbourne with the above table gives you a good understanding of the profitability of the area.
What are the people like in Eastbourne?
What’s a social grade score and how does it relate to Eastbourne?
The social grade of a city is useful when searching for a house for sale because it tells you what kind of jobs people have in the area. For example, there could be a lot of skilled manual workers or there could be a lot of pensioners and people on benefits.
The scale goes from a social grade of an A who are high managerial, administrative or professional workers to an E where people in this category are on state pensions, casual workers or unemployed on state benefits.
The number of people in Eastbourne in grades A or B which are the highest skilled roles in the country is 23%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £36,600 is the average household income of the area. You can see how this figure is congruent with the number of people in the top two categories of the social grade at 23%.
In general, do people commit a lot of crime in Eastbourne?
The crime rate of Eastbourne must be looked at sceptically. The reason for this is that the crime rate can vary within a city greatly and the type of crime committed can also vary too.
For example, the area has a crime rate of 200, but another city may have a higher crime rate but not be deemed as dangerous due to lower level crime or minor offences being committed.
Either way, high crime rates are never a good sign so consider the rate against the UK average of 79.52 for every 1000 people as a benchmark.
Lower rates could mean things like home insurance is cheaper and you have to install fewer security measures throughout your house. Saving you money in the long run. So the statistic of crime rate (200) is both useful and is recommended to be compared to the average.
Is the city of Eastbourne deprived?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Eastbourne, currently, 26% people fall into this category.
Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area.
In Eastbourne, how educated are people in general?
In Eastbourne, the proportion of people who have a degree is 31%. Generally speaking, as the number of people with degrees increases, the more people are able to afford houses to buy as a degree is a good indicator of a higher income. To put this into perspective, the average income of Eastbourne is £36,600.
This figure for average household income usually goes up alongside the percentage of people who have degrees.
However, this is not a hard and fast rule, there are many factors influencing the buying power of a population and hence the appreciation of housing and the number of houses for sale in the area. This can include the rental yields of the area and other demographic statistics like crime rate.
Nonetheless, it cannot be argued that those with degrees tend to live in more affluent areas as 82% of people who achieve a first in degree level education are owners of the place they live.
Eastbourne within East Sussex is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Eastbourne will be looked at by comparing it to the local region, as well as comparing it to the wider region too (South East). From what the population of the city is to how it’s growing as well as factors like the overall crime rate.
This data is impacted by the history of the area and what kind of industry there is around. All of which also impact house prices which is crucial for you to understand as you look at houses for sale in Eastbourne.
In the city of Eastbourne, has the population grown or shrunk?
In total, the number of people in Eastbourne is 24,788. This figure can be used to estimate the appreciation of the houses but it is also important you look at the population growth figure in order to make this more accurate.
Whether a large population benefits you as a landlord is dependent on what you want from a home. A large population is great if you have children who prefer the bustle of crowds in cities but there are also those who purposely want to buy somewhere rural.
You may also be able to find a balance of both where there are shops, restaurants and entertainment and also rural areas all within a short distance which may be the case ni Eastbourne, depending on where exactly you are.
How has Eastbourne changed in the past five years?
Five years provides enough time for a city to grow dramatically. It may be the case that the population grows or shrinks but the city of Eastbourne has changed by 1%. Read more here
It is also helpful to compare this data to a longer time period like 10 years like in the below subheading. If the population trend of growth or decline has been there for a longer period of time you’ll be able to tell if 1% is a recent change or not.
Click here to know more on the UK population trends.
In the last decade, what is the difference in population in Eastbourne?
5% has been the population growth change in the past 10 years.
Usually, this is more of a conservative figure compared to the five year change of a city.
Industrial changes can also be the reason for this shift but it could also be due to immigration or emigration. Bringing people in or out of the area.
The recent global pandemic has also shifted the number of people living in cities as people realise they can now work remotely. It may be that the people of a Eastbourne have seen a more desirable way of working, moving to make themselves more comfortable in their careers.
For example, the population of the South west of England has seen a massive increase in population because workers want to move there to benefit from the slightly better weather, lower house prices and also the rural area. Nonetheless, they can also benefit from travelling to the capital city of the UK, London.
How much do people in Eastbourne earn?
You may be wondering what the amount people earn has to do with house price. Well, house prices generally go up as people earn more not just because they can afford more valuable properties but also because good areas generally attract more desirable infrastructure. For reference, the average household income is £36,600.
This may be better schools, doctors and areas with lower crime rates. This results in a snowball effect which polarises different areas further, increasing the demand for housing in richer areas by a greater amount. And increasing the proportion of people with high social grade scores. For Eastbourne this figure is 23%.
In the city of Eastbourne, is there a lot of green space?
There are cities in the UK such as Edinburgh and Bristol that have a higher percentages of green space with Edinburgh being the most at 49%. The city of Eastbourne currently has 10.5 for every 1000 residents.
Green space helps the quality of people’s mental health as well as fight against diseases like obesity. As studies have shown that the proximity of people to green spaces in the UK has a positive impact on the physical health of people in the UK and Eastbourne in this case.
Invest in a house for sale that meets your demands
Find here below a list of criteria that we suggest you consider before looking for houses for sale in Eastbourne
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affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)
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Geographic Location – the county and region across the UK you are considering to invest in are crucial factors to consider when browsing houses for sale.
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Transport network of the house for sale – Hopefully, the pandemic stays in the past. Therefore, working from home may become less predominant than a couple of years ago. Check the commuting time of the house for sale you are considering buying.
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Bedrooms in the house for sale – are you looking for houses for sale for yourself, for a couple or for the whole family? This condition will narrow down the number of houses for sale relevant to buy.
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EPC of the house for sale – today more than ever, the energy performance of the properties for sale on the market should be one of the first things you check.
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Broadband speed – having a good internet connection is crucial nowadays. Always check the available subscriptions available for the areas of the house for sale you want to purchase
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Are you a car owner? – if yes, you will have to check for parking availability of the house for sale. Does it come with a garage included in the price?
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Conservation areas – when browsing for houses for sale, we suggest you take a look at the National Heritage list. When a house for sale is included it means that it is not possible for the future homeowner to make changes to the property, both inside and outside.
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Houses for sale Conditions – some properties, like new builds, need no repairs or works; other houses listed for sale may need some investment to restore them and some others may need a complete renovation. Someone looking for houses for sale should always think about how much time and money they are willing to invest to complete the needed repairs.
houses for sale in other cities in the UK
Below are a list of towns with a similar location to Eastbourne.
Reading these analysis will help you evaluate the different houses for sale currently listed in South East:
- Great-Barrington in South East
- Arun in South East
- Well-End in South East
- Betchworth in South East
- Ferring in South East
If you are interested in some other city or even region of the UK, please visit the following page houses for sale in the UK it contains all the data related to the houses for sale.
What is the asking price on average of houses for sale in Eastbourne?
In the city of Eastbourne, what is the average asking price for the houses for sale?
| Average asking price (1 bed) | £157,907 |
| Average asking price (2 bed) | £242,610 |
| Average asking price (3 bed) | £400,139 |
| Average asking price (4 bed) | £562,500 |
| Average asking price (5 bed) | no relevant data for this city |
The above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £0. Telling you what type of house is most in demand relative to the price of the area.
This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Eastbourne has a lack of supply of housing in certain categories.
When speaking about the city of Eastbourne, £265,786 is the asking price for a house for sale.
We have compiled a table of data so you can know the asking prices of the specific size of home you’re most interested in. As you can imagine, a family looking to move out with children in Eastbourne would be after a larger house than someone living alone.
The data is in fact very different compared to the number of rooms you’re interested in having in your home and the asking price also tends to go up in staggering amounts as you add rooms.
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