Most expensive, busiest and trendiest parts of Lewes to buy a house revealed
Analysis of new figures reveals that Kingston was the most expensive area of Lewes to buy a house in last year.
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Hide AdZoopla said the data highlights how localised the housing market across England and Wales is, with prices often reflecting the housing stock available in an area.
Data from the Office for National Statistics reveals that of the 21 council wards in Lewes, Kingston saw the highest median house price in 2021, of £680,000.
This was followed by Newick (£500,000) and Lewes Priory (£495,000).
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Hide AdBy contrast, the cheapest parts of Lewes to purchase property were Newhaven South, which had a median house price of £255,000, Seaford Central (£260,000) and Newhaven North (£291,000).
The median – the middle number in a series – is used to ensure the figures are not skewed by extreme highs or lows.
Meanwhile, the number of homes sold in Lewes rose from 1,424 in 2020 to 1,746 last year.
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Hide AdOf sales last year, 9% (153) were in East Saltdean and Telscombe Cliffs – making it the busiest area for buyers.
At the other end of the scale, Kingston saw just 37 properties sold in 2021, earning it the title of quietest area of Lewes's property market, along with its most expensive.
The Centre for Economics and Business Research said that following a period of significant growth during the pandemic, it expects house prices to experience downward pressure over the next year, as a result of sharp rises in mortgage rates.
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Hide AdKarl Thompson, an economist at the think tank, said the strongest price contractions are expected outside of London and the South East, causing greater regional price disparities.
The number of residential property sales in England increased by 21% to 821,407 between the end of 2020 and the end of last year.
Grainne Gilmore, head of research at Zoopla, said property values vary widely in large part because of the differing housing stock between areas – some neighbourhoods will have a higher number of five-bedroom detached homes, while others will be home to more flats and smaller properties.
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Hide AdBut she said the difference between more and less expensive areas may start to narrow.
She added: "The demand for larger detached homes during the pandemic has pushed average values for houses higher over the last year, while price growth for flats has lagged.
"But there are signs that demand for flats in city centres is gaining momentum, so we could see faster rising prices in this part of the market."