Lewes

Area Guide For Lewes

Lewes is the County Town of the administrative county of East Sussex. The famous town is known for holding the best bonfire events in the country, however, it’s the hour commute to London and mix of medieval, Georgian, grand Victorian houses and cottages that attract plenty of homebuyers to the area. Lewes is on the A27, which connects with the A23 London to Brighton Road north of Brighton. The commuter train journey to Victoria takes about 66 minutes and an annual season ticket is £3,860.

 
 

Lewes Map

Estimated Price: £441,616
Average Asking Price: £667,008
Price change in last one year: £24,585
Average Price Paid: £370,870
Average Rent Rates: £13,106

 
 

Property Prices Breakdown in Lewes

Average Price for property in Lewes is around £441,616 which varies based on type of property you are interested in and ranges from £679,126 for detached house to around £367,389 for semi-detached. Similarly terraced house is around £344,792 and a flat is worth £223,502. Values have been changing and have risen £6,828 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £18,402 in last 6 months, £24,585 in last 1 year, £56,773 in last 2 years, £64,074 in last 3 years, £85,619 in last 4 years and £86,912 in last 5 years.

Currently average asking price of a property in Lewes is around £667,008 based on approximately 516 properties for sale. Same is the case with rental options based on 48 properties up for rent, average asking rent is around £13,106 per month.

Estimated property value in Lewes is £441,616. Average asking price is £667,008 while average price paid is £397,984 which is up by £24,585 and Avg. asking rent £13,106.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Lewes area. In last 1 year alone average price buyer paid is around £397,984 based on approximately 516 sales in Lewes area alone. If you compare it to last 3 years sales of 1,496 properties where buyers paid around £382,546. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £370,870 for 2,440 and average amount paid for purchase of approx. 3,359 properties sold in last 7 years comes to about £358,725 per sale.

 
 

Properties For Sale in Lewes

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £131,075, £313,294 for a 2 bedroom house, £415,937 for a 3 bedroom house, £598,470 for a 4 bedroom house and £759,989 for a 5 bedroom house. For a flat similarly the prices varies from £160,233 for a single bedroom to £224,231 for a 2 bedroom Flat. To sum up the asking prices for properties in Lewes it comes to around average £145,654 for 1 bedroom property, £285,890 for 2 bedroom, £415,937 for 3 bedroom, £598,470 for 4 bedroom and £759,989 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £1,300 for 1 bedroom to £992 for 2 bedrooms, £1,278 for 3 bedrooms, £1,579 for 4 bedrooms and £3,501 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £708. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £974 and £1,101 for 3 bedroom. You should be generally be expecting around average £856 rent per month for single bedroom property, £982 for 2 bedroom, £1,251 for 3 bedroom, £1,579 for 4 bedroom and approximately £3,501 for a 5 bedroom property in Lewes area.

Popular Houses in Lewes

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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