Eastbourne house prices increased in April

House prices increased by 1.6% in Eastbourne in April, new figures show.

The rise contributes to the longer-term trend, which has seen property prices in the area grow by 4.4% over the last year.

The average Eastbourne house price in April was £301,766, Land Registry figures show – a 1.6% increase on March.

Over the month, the picture was different to that across the South East, where prices decreased 0.5%, and Eastbourne was above the 0.5% rise for the UK as a whole.

Over the last year, the average sale price of property in Eastbourne rose by £13,000 – putting the area 36th among the South East’s 64 local authorities with price data for annual growth.

The highest annual growth in the region was in Dover, where property prices increased on average by 8.9%, to £330,000. At the other end of the scale, properties in Windsor and Maidenhead lost 1.4% of their value, giving an average price of £532,000.

First steps on the property ladder

First-time buyers in Eastbourne spent an average of £257,000 on their property – £11,000 more than a year ago, and £54,000 more than in April 2018.

By comparison, former owner-occupiers paid £338,000 on average in April – 31.8% more than first-time buyers.

Property types

Owners of flats saw the biggest rise in property prices in Eastbourne in April – they increased 1.8%, to £209,357 on average. Over the last year, prices rose by 3.8%.

Among other types of property:

• Detached: up 1.5% monthly; up 4.9% annually; £587,036 average
• Semi-detached: up 1.7% monthly; up 4.9% annually; £399,454 average
• Terraced: up 1.3% monthly; up 4.3% annually; £310,090 average

How do property prices in Eastbourne compare?

Buyers paid 23% less than the average price in the South East (£392,000) in April for a property in Eastbourne. Across the South East, property prices are high compared to those across the UK, where the average cost £286,000.

The most expensive properties in the South East were in Elmbridge – £679,000 on average, and 2.2 times the price as in Eastbourne. Elmbridge properties cost 2.8 times the price as homes in Southampton (£245,000 average), at the other end of the scale.

The highest property prices across the UK were in Kensington and Chelsea.

Factfile

Average property price in April

• Eastbourne: £301,766
• The South East:£391,766
• UK: £286,489

Annual growth to April

• Eastbourne: +4.4%
• The South East: +3.5%
• UK: +3.5%

Highest and lowest annual growth in the South East

• Dover: +8.9%
• Windsor and Maidenhead: -1.4%