House prices in Lewes have plummeted by an average of over £10,000 in the month of July, according to figures from the Land Registry.
The price fall in Lewes is one of the largest percentage decreases in the entirety of the UK over the month.
The latest data from the government department reveals that in July 2022 average house prices in Lewes reached £391,468.
This was down from £402,457 in June, representing a 2.7 per cent decrease. In the last 12 months it has risen by 9.0 per cent.
If you are interested in buying or renting a home, you can see the latest properties in and around Lewes here.
How much have house prices decreased in Lewes?
Breaking it down for specific types of housing, all prices saw a decrease.
- Detached houses - Down to £599,992 from £618,398 in June
- Semi-detached houses - Down to £412,669 from £423,196 in June
- Terraced houses - Down to £334,675 from £343,446 in June
- Flats - Down to £203,786 from £209,630 in June
How do Lewes house prices compare to the UK average?
Despite the fall in prices this month, Lewes is still well above the UK average with a typical property value in the nations reaching £292,118 in July.
In cash terms, the average house price in July was £39,157 higher than a year earlier with house price growth accelerating to 15.5 per cent in July 2022. Prices were up by 2.0 per cent month on month.
How much could your house be worth?
We have created this map for the South East so you can see the average house price in each neighbourhood since 1995.
Sites like Zoopla can offer an estimate valuation of your house if you input your postcode into their website here.
The above map can demonstrate which areas of Lewes are the most expensive for average house prices.
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