Property prices in Adur

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First time buyer prices in adur

The latest figures show that the average price paid by a first time buyer purchasing property in Adur was last recorded at £295,009 as of February 2024. This value is based upon the average value of completed property transactions in February.

Average prices paid by a first time buyer for properties in Adur have increased substantially in the last decade. Back in January 2012, the average price paid by a first time buyer stood at £169,190. Fast forward to February 2024, and the average price has increase to £295,009, representing a growth of 74% over 12 years.

This substantial increase for first time buyers in Adur far outpaces broader inflation over the same period. Rising household incomes, strong local economy, high demand and constrained supply all likely contributed to the steep rise in prices paid by first time buyers in Adur over the past decade.

The UK HPI uses sales data collected on residential housing transactions, whether for cash or with a mortgage. Properties have been included in England and Wales since January 1995, in Scotland since January 2004, and in Northern Ireland since January 2005, Data is available at a national and regional level, as well as counties, local authorities and London boroughs.

Cited from HM Land Registry
YearPricePrice Change

Recent trends for prices in Adur

The latest figures from February 2024 indicate the property market in Adur continues to show rising price trends. Compared to January, 2024, average prices increased by 1.3% to £353,082. On an annual basis, average property prices have decreased -6.8% since 12 months ago.

In terms of sales activity, there were 24 residential property transactions completed in Adur during February, 2024. Of these purchases, 12 were financed with a mortgage while 5 were all-cash sales. For cash buyers, average prices have changed by 1.1% since January, 2024, coming in at around £345,758. For properties purchased with a mortgage, the average price changed by 1.4% since January, 2024, to £356,899.

Compared to the overall picture in its national parent England, the average property price in Adur are higher than the current national average of £297,735. While Adur saw a change of 1.3% over the last month, England as a whole recorded a percentage change of 0.6% in average property values. And on an annual basis, prices across England have contracted by -1.1%, more than the -6.8% yearly change seen in Adur.

Interested in purchasing a property in Adur? Use our Monthly Mortgage Cost Calculator to see how much a property may cost you per month. This tool is for illustrative purposes only and does not constitute financial advice.

Average price in Adur by housing type

Prices last recorded in February, 2024











Prices by housing type in Adur

Recent data shows that price growth has varied across different property types in Adur over the last year. For terraced houses, property prices changed by 1.3% between February 2024 and January 2024 to reach £346,231, and changed by -6.7% over the last 12 months. The annual change was greater than the -1.7% change seen for terraced homes in England overall.

Meanwhile, semi-detached properties saw a rise in average prices locally, taking them to £406,586 in January 2024. This represents a 1.5% change from the same month last year.This is underperforming the 0.2% annual change in semi-detached values across the country.

Detached homes in Adur gained 1.3% month-over-month to reach an average of £550,885. Annually, detached property values have changed by -6.4%. This is weaker price growth compared to England's -0.5% change for detached houses over the year.

For apartments and flats, average prices increased by 0.8% between February and January 2024, hitting £204,342. Over the last 12 months, apartment values have changed by -8.6%, lagging England's flat and apartment growth rate of -2.8%.

Overall, semi-detached properties have seen the strongest price momentum locally over the past year, with a change of -5.7%, while flat properties lagged, with a change of -8.6%.

Recent purchases in Adur

According to data from HM Land Registry, there were 24 completed property purchases in the area of Adur in February 2024. Of these sales, 5 were recorded as cash purchases whilst 12 were purchased using a mortgage. Compared to this time 12 months ago, the percentage of properties purchased using a mortgage has changed by -6.7% and the percentage of properties purchased with cash has changed by -7%.

The number of cash and mortgage purchases may not match the recorded number due to exclusions listed on the website

Looking for a specific property type?

Use one of the following links to find more specific information about the type of property you're looking for in adur.

Detached property prices in adur

Semi-Detached property prices in adur

Terraced property prices in adur

Flat & Apartment property prices in adur

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