Shoreham-by-Sea

Area Guide For Shoreham-by-Sea

Shoreham-by-Sea (shortened to Shoreham) is a small town, port and seaside resort in West Sussex, England. Shoreham-by-Sea railway station is located less than a mile from the town centre and London Gatwick Airport is 23 miles (37 km) away. Shoreham has a population of 17,537 according to the 2001 census, and is historically part of Sussex. The town is bordered to its north by the South Downs, to its west by the Adur valley and to its south by the River Adur and Shoreham Beach on the English Channel. The town lies in the middle of the ribbon of urban development along the coast between the city of Brighton & Hove and the town of Worthing. Shoreham civil parish covers an area of 984.88 hectares (2,433.7 acres) and has a population of 19,175 (2001 census). Old Shoreham dates back to pre-Roman times. St Nicolas' Church, inland by the River Adur, is partly Anglo-Saxon The name of the town has an Old English origin. The town and port of New Shoreham was established by the Norman conquerors towards the end of the 11th century. St Mary de Haura Church (St Mary of the Haven) was built in the decade following 1103 (the Domesday Book was dated 1086), and around this time the town was laid out

 
 

Shoreham-by-Sea Map

Estimated Price: £311,089
Average Asking Price: £451,961
Price change in last one year: £24,588
Average Price Paid: £265,098
Average Rent Rates: £2,392

 
 

Property Prices Breakdown in Shoreham-by-Sea

Average Price for property in Shoreham-by-Sea is around £311,089 which varies based on type of property you are interested in and ranges from £464,977 for detached house to around £314,453 for semi-detached. Similarly terraced house is around £278,502 and a flat is worth £207,144. Values have been changing and have risen £2,757 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,071 in last 6 months, £24,588 in last 1 year, £38,265 in last 2 years, £46,854 in last 3 years, £46,124 in last 4 years and £54,775 in last 5 years.

Currently average asking price of a property in Shoreham-by-Sea is around £451,961 based on approximately 363 properties for sale. Same is the case with rental options based on 26 properties up for rent, average asking rent is around £2,392 per month.

Estimated property value in Shoreham-by-Sea is £311,089. Average asking price is £451,961 while average price paid is £303,075 which is up by £24,588 and Avg. asking rent £2,392.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 Shoreham-by-Sea area. In last 1 year alone average price buyer paid is around £303,075 based on approximately 363 sales in Shoreham-by-Sea area alone. If you compare it to last 3 years sales of 1,206 properties where buyers paid around £273,998. 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 £265,098 for 1,955 and average amount paid for purchase of approx. 2,581 properties sold in last 7 years comes to about £256,617 per sale.

 
 

Properties For Sale in Shoreham-by-Sea

 
 

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 2 bedroom is around £244,992, £409,711 for a 3 bedroom house, £577,554 for a 4 bedroom house and £714,344 for a 5 bedroom house. For a flat similarly the prices varies from £175,783 for a single bedroom to £241,644 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £290,000. To sum up the asking prices for properties in Shoreham-by-Sea it comes to around average £175,783 for 1 bedroom property, £242,983 for 2 bedroom, £403,725 for 3 bedroom, £577,554 for 4 bedroom and £714,344 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 £936 for 2 bedroom to £1,481 for 3 bedroom and £1,424 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £949. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £979 and £1,082 for 3 bedroom. You should be generally be expecting around average £949 rent per month for single bedroom property, £968 for 2 bedroom, £1,332 for 3 bedroom and approximately £1,424 for 4 bedroom property in Shoreham-by-Sea area.

Popular Houses in Shoreham-by-Sea

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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