Eastbourne

Area Guide For Eastbourne

Eastbourne is a large town, seaside resort, and borough in the non-metropolitan county of East Sussex on the south coast of England, 17 miles east of Brighton. Eastbourne is located immediately east of Beachy Head, the highest chalk sea cliff in Great Britain and part of the South Downs National Park. With a seafront consisting largely of Victorian hotels, the pier, and a Napoleonic era fort and military museum. It has a growing population, a broad economic base, and is home to companies in a wide range of industries. As a seaside resort, Eastbourne derives a large and increasing income from tourism, with revenue from traditional seaside attractions augmented by conferences, public events and cultural sightseeing. The other main industries in Eastbourne include trade and retail, healthcare, education, construction, manufacturing, professional scientific and the technical sector.

 
 

Eastbourne Map

Estimated Price: £252,897
Average Asking Price: £257,491
Price change in last one year: £7,462
Average Price Paid: £208,991
Average Rent Rates: £869

 
 

Property Prices Breakdown in Eastbourne

Average Price for property in Eastbourne is around £252,897 which varies based on type of property you are interested in and ranges from £385,880 for detached house to around £254,444 for semi-detached. Similarly terraced house is around £222,810 and a flat is worth £196,424. Values have been changing and have risen £2,054 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,892 in last 6 months, £7,462 in last 1 year, £29,085 in last 2 years, £26,856 in last 3 years, £23,564 in last 4 years and £22,607 in last 5 years.

Currently average asking price of a property in Eastbourne is around £257,491 based on approximately 2,007 properties for sale. Same is the case with rental options based on 228 properties up for rent, average asking rent is around £869 per month.

Estimated property value in Eastbourne is £252,897. Average asking price is £257,491 while average price paid is £219,855 which is up by £7,462 and Avg. asking rent £869.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 Eastbourne area. In last 1 year alone average price buyer paid is around £219,855 based on approximately 2,007 sales in Eastbourne area alone. If you compare it to last 3 years sales of 5,865 properties where buyers paid around £209,915. 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 £208,991 for 9,314 and average amount paid for purchase of approx. 12,571 properties sold in last 7 years comes to about £206,505 per sale.

 
 

Properties For Sale in Eastbourne

 
 

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 £81,645, £209,746 for a 2 bedroom house, £273,786 for a 3 bedroom house, £367,023 for a 4 bedroom house and £459,598 for a 5 bedroom house. For a flat similarly the prices varies from £116,200 for a single bedroom to £182,269 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £307,144, £414,980 for a 4 bedroom flat and £369,667 for a 5 bedroom flat. To sum up the asking prices for properties in Eastbourne it comes to around average £110,535 for 1 bedroom property, £188,709 for 2 bedroom, £283,024 for 3 bedroom, £370,097 for 4 bedroom and £450,295 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 £444 for 1 bedroom to £818 for 2 bedroom, £955 for 3 bedroom and £1,179 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £570. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £743, £906 for 3 bedroom and £1,177 for 4 bedroom. You should be generally be expecting around average £551 rent per month for single bedroom property, £762 for 2 bedroom, £945 for 3 bedroom and approximately £1,179 for 4 bedroom property in Eastbourne area.

Popular Houses in Eastbourne

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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