Here’s how much the average property in Eastbourne costs

The average house price in the town in May was £241,375, Land Registry statistics show – a 1.6 per cent increase on April.

​This ​boost ​contributes to the longer-term trend, which has seen property prices in the area ​achieve 1.5 per cent annual growth​.

Over May, the picture was ​better than that across the South East, where prices ​decreased 1.1 per cent, and Eastbourne outperformed the 0.3 per cent rise for the UK as a whole.

Over the last year, the average sale price of property in Eastbourne ​​rose by £3,600 – putting the ​area 41st among the region’s 67 local authorities for annual growth.

Owners of flats saw the biggest improvement in property prices in Eastbourne in May – they increased 1.9 per cent, to £176,439 on average. Over the last year, prices rose by 0.7 per cent.

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Among other types of property:

• Detached: up 1.2% monthly; up 1.8% annually; £448,686 average

• Semi-detached: up 1.6% monthly; up 2.5% annually; £311,070 average

• Terraced: up 1.3% monthly; up 2.2% annually; £241,923 average

First-time buyers in Eastbourne spent an average of £​207,700 on their property – ​£2,700 more than a year ago, ​and ​£35,100 more than in May 2015.

By comparison, former owner-occupiers paid £​267,500 on average in May​ – 28.8 per cent more than first-time buyers.

Buyers paid 25.7 per cent less than the average price in the South East (£325,000) in May for a property in Eastbourne.

Across the South East, property prices are higher than those across the UK, where the average cost £236,000.

The most expensive properties in the South East were in Elmbridge – £594,000 on average, and 2.5 times as much as in Eastbourne.

Elmbridge properties cost 2.8 times as much as homes in Southampton (£210,000 average), at the other end of the scale.

The highest property prices across the UK were in Kensington and Chelsea, where the average May sale price of £1.4 million could buy 16 properties in Burnley (average £88,000).

Data reporting by Harriet Clugston.

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