Looking to move but not sure where to? Or are you worried about selling your Brighton or Hove property amidst the recovering economic period, post-COVID? Look no further.
If the gorgeous beaches, ideal transport links and a wealth of opportunities to explore the beautiful south coast isn’t enough to inspire you, a recent survey conducted by InYourArea, has named Brighton and Hove several times in its Top “10 of the UK’s most popular postcodes for house sales in 2021”.
What the statistics say
With the most popular postcodes being BN1, BN2 and BN3, the Brighton and Hove region has seen a total of 1,077 house sales in 2021 so far. Let’s look at the breakdown:
- BN1 – 346 sales
- BN2 – 336 sales
- BN3 – 395 sales
Rightmove’s recent statistics show that properties in Brighton and Hove had an overall average price of £476,357 over the last year. However, a high percentage of property sales in the area were flats, selling for an average price of £325,994. Terraced properties sold for an average of £511,194, with semi-detached properties fetching £521,669.
Sillwood Street, Brighton, BN1.
Offers in excess of: £700,000
Hamilton Road, Brighton, BN1.
Asking Price: £700,000
Overall, prices in Brighton and Hove over the last year were up by 14% on the previous year and 16% up on the 2017 Brighton peak of £409,252.
Since the full stamp duty tax holiday ended in June, we have seen more sales in Brighton and Hove with a 19% increase on last year’s (2020) figures.
With a reduced stamp duty running until the 30th of September 2021 the original rates are set to return by the 1st of October 2021. The tax holiday has been credited as a significant contributor to the big rise in house prices seen during 2020 and into 2021 as buyers rush to beat the stamp duty cut-off date.
Wivelsfield Road, Saltdean, BN2.
Offers in excess of: £750,000
Marine Parade, Brighton, BN2.
Offers in excess of: £625,000
Alex Mackay, Managing Director at Mishon Mackay said:
“Brighton and Hove has always been a popular region for young professionals, London buyers looking to move out of the hustle and bustle, and families.
“Homebuyers are searching for more space, gardens, and a better quality of life beyond cities after lockdown, and a readjustment with sellers’ price expectations recently have brought investors back into the market with force. Most of our enquiries are still for this area alone, and we advise those thinking of relocating to Brighton and Hove, take the plunge now.”
Sackville Road, Hove, BN3.
Offers in excess of: £250,000
The Upper Drive, Hove, BN3.
Asking price: £475,000
Ian Hart, Chief Operating Officer at Brighton i360, said:
“Brighton is one of the most desirable places to live and work, so it’s not surprising seeing it ranked so highly for places to buy.”
“Due to its idyllic position, with breath-taking views on your doorstep, Brighton and Hove has so much to offer to home hunters. The area boasts beautiful properties with close amenities nearby, and a range of unique attractions.”
Brighton and Hove undoubtedly offer an incomparable number of attractive qualities, from city to surrounding areas, the opportunities to explore are endless.