Posts with tag: South coast property

Property Growth in East Sussex Commuter Towns

Published On: August 30, 2015 at 4:55 pm


Categories: Landlord News

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Most who consider East Sussex a property hotspot are thinking about the potential of Brighton & Hove. But although the city is popular with former Londoners, it is not the only option for great property opportunity.

Research by estate agent Knight Frank on the 13 towns in East Sussex reveals that since the lows of the recession in 2008, Lewes has experienced the best recovery, with average prices rising to 29% above the peak, at £348,000.

In Brighton, prices are now 19% higher than in 2008, at £285,919.

Lewes has many independent shops, cafes and restaurants, and although historic, it still thrives.

Within the South Downs National Park, Lewes is just ten miles from the coast and attracts buyers from London and Brighton searching for relatively affordable family homes.

Property Growth in East Sussex Commuter Towns

Property Growth in East Sussex Commuter Towns

The town has several primary schools rated good by Ofsted, with Newick C Of E receiving an outstanding report. Both Chailey School and Priory School secondary institutions are rated good.

Peak time trains take just over an hour to Victoria with an annual season ticket costing £4,068.

The priciest place to buy is the Wallands, northwest of the town centre, where a four-bedroom Edwardian home costs £1.2m.

The medium-priced property market has recovered well in Lewes, but the strongest price growth in East Sussex has been in the villages of Mayfield and Five Ashes.

Prices have increased by 13.4% in the last year to hit an average of £431,007. Annual price growth in Brighton was 10.6% over the past 12 months.

Although Mayfield doesn’t have a train station, its high street is unspoilt with good independent shops and pubs.

A sales negotiator at Savills estate agent, Charlotte Melrose-Cantouris, comments: “It is one of the prettiest villages around. It has got everything you need.”1

The village has a mix of property styles, including a solid Victorian stock. A three-bed semi-detached house costs between £450,000-£500,000 and expect to pay up to £1.3m for a six-bed detached Victorian property.

Mayfield and Five Ashes have primary schools rated good by Ofsted.

The nearest railway station is five miles away in Crowborough. Trains from here take 70 minutes to either London Bridge or Victoria and an annual season ticket is £3,740.

Alternatively, residents can drive ten miles to Tunbridge Wells in Kent and get a direct train to Waterloo or Charing Cross, taking from 51 minutes. An annual season ticket from here costs £5,020.

If a longer commute is not an issue, Rye is a perfect choice as it sits on the seafront.

House prices in the historic town have risen by 11% to an average of £268,639.

Rye’s cobbled streets, medieval buildings and antique shops attract the locals and Winchelsea Beach is close by.

Sales Manager at Phillips & Stubbs estate agent, Jason Stubbs, estimates that one in four buyers in Rye are Londoners.

A four-bed terrace in the area costs between £500,000-£600,000 and a two-bed cottage is priced around £300,000-£400,000.

The 90-minute commute to St Pancras involves a connecting service from Rye to Ashford International and an annual season ticket costs a huge £6,748.

Next year, the Government will consider plans to extend the High Speed 1 line to Hastings, which will reduce travel times from Rye to London.


South coast luring young professionals

Published On: June 22, 2015 at 12:27 pm


Categories: Property News

Tags: ,,

Young professionals are flocking to the East Sussex coastline, according to a new survey.

The report from Lloyds Bank has indicated that the town of Hove is the most sought after property hotspot for 25-44 year olds, with Brighton coming in at number five on the list.

Capital lure

Those youngsters with degrees or other professional qualifications with a well-paid occupation are more likely to live in or near to a city for work and leisure reasons. Despite significant numbers looking to purchase property on the coastline, the lure of the capital is still the main pull for many young professionals, with sixteen of the top-twenty most popular areas in London.

Nine of these areas are located in the South West of the city, including regions such as Wimbledon, Wandsworth, Battersea, Streatham and Fulham.

‘The most popular areas for young professionals tend to be dominated by trendy locations in London,’ noted Andy Hulme, mortgages director at Lloyds Bank. ‘Whilst this is still the case, this year our report reveals the ascendancy of Brighton and Hove as two of the leading property hotspots for this group of buyers.’[1]

South coast luring young professionals

South coast luring young professionals

‘Unlike many of the other areas in the survey, Brighton and Hove have the attraction of being by the sea with some outstanding beach front properties and, with average property prices here 38% of £199,000 lower than London yet still being within commuting distance, it is easy to see the desirability of living there,’ Hulme added.[1]


Away from the capital and the South East, regions becoming increasingly popular for young professionals are Didsbury in Manchester, Jesmond in Newcastle and Clifton in Bristol. The research suggests that properties in locations popular with talented youngsters come at a price, often at a far heftier premium. The two most expensive areas in the top-twenty popular with young professionals are Paddington and Hampstead, where prices average at £1,319,237 and £1,310,868 respectively. This represents a premium of 150% in comparison with London as a whole.[1]

In Didsbury, prices are on average 59% higher than those in Manchester in general, totalling £239,734 in comparison to £150,751.[1]