BN7 (Lewes) area guide
The BN7 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Barcombe and Hamsey, Cooksbridge, East Chiltington, East Saltdean and Telscombe Cliffs, East Sussex, Iford, Kingston, Lewes, Lewes Bridge, Lewes Castle, Lewes Priory, Offham, Plumpton, Plumpton Green, Plumpton, Streat, East Chiltington and St John (Without), Rodmell, Southease, Swanborough, Telscombe.
A Mouseprice property guide for BN7 Lewes is coming soon. In the meantime, please have a look at the raw data and statistics about BN7 that can be found by click the relevant links on the left hand side.
Old area guide:
The commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date. We recommend disregarding these comments in favour of the data that can be found either above or in the other sections of this website.
The size of the property market in BN7 is 8811 homes.
When compared against a national average compound annual growth rate (CAGR) over the last 5 years of 12.5%, the growth in this postcode district has been 11.7%. This could well be because this is a dynamic local economy and housing market. Property price growth in this area has significantly exceeded growth in earnings and the national average house price growth, and so the likelihood of it continuing will be dependent upon price earnings ratio, as well as investment by developers and local authorities in continually upgrading local infrastructure, schools, in addition to the continued strength of the local and national economies and any other economies upon which the area depends.
Over the last 3 months, the average property value for this postcode district has been £268891.
Since most banks lend money to buy property using their customers’ salary as a indicator of affordability, the price earnings ratio is a useful guide as to whether property in an area is expensive or not. Price Earnings Ratio in this postcode district is 9.8. Places like this represent the “well- heeled” districts of each postcode area. Although recently there have been some spectacular price increases in more expensive areas, in general, prices appreciate slowly in more expensive places because there is less demand for more expensive properties, and the turnover of them is slower because they are not commonly used as investment property.
New transactions as a percentage of overall sales are 3%.
The most readily available type of property in the area are Terraced Houses, making up 31.8% of the total.
The least common type of property in this area is Detached Houses (20.1% of the total housing stock). alt="Lewes property">Socially rented accommodation represents a significant percentage of the total rented accommodation in the area at 15.1%.
The majority of property in this area is owner occupied.
The average price of a two bed property in this area is higher than the national average of £187894 at £222374.
Who lives here:
There are 9568 men and 10255 women in this postcode district.
The average age in this area is 40.
This looks like a great place to go out – 29% of the population is single!
Average working hours in this area for men are 41 and for women are 30.
This area has 2.9 people per square kilometre.
The largest source of work in this area is Real Estate (14.1% of workers), followed by Financial Intermediation (13.5%).
This area has one of the highest proportions of degree educated people in the country, at 32.5%.