Market outlook for BN99
Key indicators for buyers
The BN99 market presents a mixed picture for buyers. Affordability has improved from a peak of 11.7x in 2018 to 9.6x today. Rising rents (£1,309/mo, +2.7%) mean the cost of waiting is real.
Price trends
Yearly averages · HM Land Registry Price Paid Data
The average property in BN99 sold for £10,930,000 in 2017, with a median of £10,930,000 across 1 transactions.
Affordability ratio
House price ÷ median earnings · ONS data
Affordability data shown for wider Worthing area
A home in Worthing costs 9.6x the local median salary — stretched, improving from a peak of 11.7x in 2018.
Rental trends
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Worthing area
Average monthly rent in Worthing is £1,309, up 2.7% year-on-year. Rents have risen consistently over the past five years.
Monthly mortgage
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Worthing price of £10,930,000 with a 25% deposit (£2.7M), a 2-year fixed mortgage at 3.97% costs around £43,134 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses BN99 avg. price with Worthing rental data
Monthly mortgage payments (£43,134) are £41,825 more than renting (£1,309). However, buying requires an upfront deposit of £2.7M — it would take around 227708 years to recoup that cost compared to renting and investing the difference.
Recent sales
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
HIGHDOWN HOUSE, YEOMAN WAY BN99 3HH | Other | £10,930,000 | 23 Jun 2017 |
The most recent recorded sale in BN99 was a other property on Yeoman Way for £10,930,000 in June 2017. Across the last 1 sales, the median price was £10,930,000.
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.