How much will you pay for a house for sale in Eastbourne?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the South East $ How much will you pay for a house for sale in Eastbourne?

As a landlord, whenever you are looking at houses for sale in East Sussex, you could find varying prices throughout an area like Eastbourne. In this article, this data will be simplified so you can find all of the data on one, convenient page.

So, from the rental yield of Eastbourne to the success you may expect to get when submitting planning permission. Everything you need to know about house for sale in the UK and in Eastbourne will be revealed. Keep reading.

What kind of demographics does the city of Eastbourne have?

Located in East Sussex is the city of Eastbourne, in a large part of the UK; South East. Before you look for houses for sale in this area, it is a reasonable question to ask what the people who live there are like.

Below, the population of Eastbourne has been dissected in terms of if the population is educated, what the crime rates are like and much more. All important factors to consider before making a house purchase among the offer of the houses for sale.

The knowledge below is based on a lot of different variables relevant to the city of Eastbourne which impacts the profitability of making an investment here or how desirable buying a house to live in is if you want to live on a permanent basis.

How much green space is available to residents of Eastbourne?

Whether you view green space in Eastbourne as important to you as a homeowner is up to your personal preferences. Having said this, there is a clear benefit on the overall health of people who live near green space as the government has stated keeping green space in proximity to people is one of the biggest factors for combating obesity.

In Eastbourne, the number of acres of green space for every 1000 people currently is 10.5 which can be measured against the UK average of 1.7.

In Eastbourne, how has the population changed?

Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Eastbourne if 24,788 and in the below heading how this population has changed will be broken down.

Like most data to do with houses, all data has to be considered holistically with multiple variables to determine if the population growth actually impacts the statistics that matter to you as a landlord in Eastbourne such as rental yield or house appreciation.

How has the population size of Eastbourne adjusted in the last 5 years?

In the previous five years there has been a change in the number of people of Eastbourne by 1%. Analysing this figure is a great way to tell if there is new demand for housing or not as a decreasing figure reduces the number of people who want to buy houses. Read more here

To compare this figure over a greater period of time, you could look at the figure for the 1 year population too and compare them. This way you can see if the population has changed recently or if this 1% change has historically occurred before. Click here to know more on the UK population trends.

Over the last 10 years, how has the population size adjusted in Eastbourne?

In the last decade, the population of Eastbourne has been adjusted by 5%. This growth may be as a result of factors like new industries employing people or emigration and immigration balancing out to create this population change.

A precedent that shows population change in this way over decades is the region of Greater London. The capital city has grown by 27% in the past 20 years. Population growth has caused house prices to go up to price523,666 on average.

What’s a social grade score and how does it relate to Eastbourne?

The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.

The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.

In Eastbourne, the percentage of people in the two highest categories, A and B is 23%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.

When contrasting these figures, the average household income for the area is £36,600. This income will generally get bigger as the percentage of people in the A and B categories go up too (23%).

How much do people in Eastbourne earn?

As earning potential goes up in a city, so does the quality of schools in the area, the general infrastructure and the social grade score (23%). All in all, the area becomes a more desirable place to live in.

This is why it is vital to pay attention to how much people are making annually in any city you plan on making a house purchase in. In Eastbourne, this works out to be £36,600. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

What’s the crime rate 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 education level of Eastbourne important when buying a house?

Interestingly, the percentage of people who have a degree in the city of Eastbourne is 31%. Most of the time, the more people that have a degree, the higher the average household income and the more likely someone is to be able to afford to purchase a house. For example, the average income of the citizens in the area of Eastbourne is £36,600.

Generally, areas with high numbers of people with a degree are also areas with more people likely to be home owners and therefore the value of houses and relative prices of the houses for sale are more likely to go up too.

Nonetheless, making predictions about the appreciation of a house also has to be considered alongside other factors like population growth and the rental yields of the area.

However, most of the time, being educated is a good indication of affluence with 82% of people graded a first in tertiary education going on to eventually own a house.

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.

Asking price in Eastbourne for a house for sale

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

Based on this table, hopefully, you will be able to tell what type of house for sale is the most suitable for your budget. You can also consider the average asking price per square foot (£0) for houses for sale with this table to get a good idea as to whether Eastbourne is the right area to buy a house in for you.

As you go ahead and make offers on a house for sale, it is sometimes best to know what other people are offering for the same type of house for sale so you know what to offer yourself to get a good deal. So you should know, the average asking price of Eastbourne is £265,786.

Even though the asking price is not what the eventual price the house is sold at, making a note of the averages for the city of Eastbourne is useful when negotiating and knowing what to expect for every type of house for sale.

In Eastbourne, what do houses for sale tend to sell for?

There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Eastbourne. In Eastbourne, this sale price works out to be £233,782. As an example, a factor like population growth over the last 10 years which works out to be 5% in Eastbourne and impacts house prices of the houses for sale.

Housing category Total final sale price
Average sold price (detached) £447,799
Average sold price (semi-detached) £355,776
Average sold price (terraced) £298,346
Average sold price (flat) £174,072

Above, the exact type of house is also shown to vary in price in a table in Eastbourne. You may think that the bigger the house is the more expensive, but actually, this table is more based on the demand for the properties in each category.

Housing category Sale price per square foot
Average sold price/sqft £2,880
Average sold price/sqft (new build) £4,490
Average sold price/sqft (old stock) £2,780

In addition, here is the price per square foot. By taking this data and doing an average, it is also possible to work out the average square foot of houses in Eastbourne which is £2,880. From here you can get a sense of the price of the overall housing market and therefore, also find out the prices of the houses for sale.

How are rental yields of the houses for sale different to the rest of the UK in Eastbourne?

If you’re buying a house for investment rather than for the reason to live in the house over time and use the house as a place to stay in the long term, there is a need to look at the rental yield figure to see if the house for sale you are considering to buy is a good investment or not.

This figure is usually looked at by investors as well as the rental income of the area, the sale turnover and the rent turnover.

The table below represents this data and compares Eastbourne to East Sussex and the broader suburb of the UK; South East.

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%

Let’s assume you want to sell the house you’re looking to buy in Eastbourne for profit in the future, in this case, looking at the data for the number of houses sold per month in Eastbourne would give you an idea of whether the area is actively getting new investors. This figure is 36.

It is vital you be careful with this figure however as the data can suggest something that isn’t true in Eastbourne. To give an example, a lot of people buying new houses could also indicate there are a lot of new first time buyers in the area which would in fact drive down the rental yield.

The more people there are interested in renting, rather than buying, the more likely that area of the UK has high rental yields and hence investors like these areas to invest in to create a large amount of cash flow.

What is the growth in the housing market of Eastbourne?

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.