The market in Eastbourne remains strong with the average house price rising by up to 9% in the last 12 months. The market has risen 15% since 2015and the average house across the whole town is now valued at £262,530 although many areas of Eastbourne such as Meads and Willingdon have a considerably higher average price (source Right Move)
Knowing when the right time to sell or purchase is a difficult choice for most people. Are you selling at the top of the market? Will prices rise or fall? It is never easy to predict the future and with so many unknown dynamics on the agenda Such as Brexit who knows where we will be in 2 years! One thing remains true though, Eastbourne is a popular coastal town that remains popular as a holiday and increasingly a commuter community. Most people have been priced out of owning a property in London and increasingly home ownership in Brighton is also becoming out of reach for many. Is Eastbourne the next south-east coastal property hot spot? Train links to Brighton remain frequent and relatively quick and we are only 90 mins away from the capital.
If we look to large business for an indication of how confident they are in in Eastbourne then we should be encouraged by the multi million pound Legal and General investment in the upgrade to the Eastbourne Arndale Centre due for completion in 2018 (Source Eastbourne Arndale Shopping) and the huge investment being put in by the council into the Devonshire cultural quarter (Source www.devonshirequarter.co.uk).
Rental yields remain strong in the town and so the potential for Buy To Let investments remains positive considering average house prices in comparison to rental yields when compared to other south seaside towns.
What effects my property price?
Without stating the obvious we all know Location, Location, Location is key and if you are in the catchment area of great schools (and we have many), transport links and amenities this all help push the value of your property up. You may not know however that according to a recent study being located next to a big brand supermarket can add up to £22000 to your property price (Source The Independent)!
Whilst location and local amenities are not something you can necessarily control it is important to be aware of some of the factors you can help with when marketing your property. Always consider the Homesprite top tips below:
If you are curious to your current market value, contact Homesprite on 01323 458139 or book online.
Gareth decided to have a home appraisal with Homesprite and eventually sold with us, here is what he said!
Very good company, I had valuations from several different estate agents and Homesprite valued the property right on what it was worth. The property was put on the market the day I agreed to proceed with Homesprite as my estate agent. The first viewing was the next day and the property was sold there and then. The fees are very reasonable for an estate agent (around half what you would pay with many other estate agents). The service is exemplary and the Homesprite team were more than happy to help me through the entire process (even with the property that I was buying through another estate agent) All in all I could not have asked for better service or better value for money. A very friendly and professional team who can also assist with mortgage and insurance brokering. I would certainly recommend Homesprite to anyone who is looking to sell.
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Not only will we provide you with a thorough market appraisal of your property based on local market research and comparable properties that have recently sold in your area we can also discuss any requirements you may have for an onward purchase.
You may not have decided to sell right now but at least armed with the correct information you can make an informed decision on when the right time might be.
Member since: 19th April 2017
As the director of Moneysprite Sussex and Homesprite, I am passionate about all things property related.