HOUSE prices in East Sussex are on the rise, according to the latest statistics from the land registry.
In the last five years house prices have risen by more than 35 per cent.
If you were lucky enough to buy a property in the city back in the 90s you might just be quids in as since then prices have increased by 372 per cent.
Tim Bannister, Rightmove’s Director of Property Data said: "Needing more space has always been the most popular reason for moving house, but now there’s a new urgency for extra space to be able to work from home, which means that there are different sets of buyers competing for the same type of property."
Using Rightmove data we can reveal the areas in East Sussex that people most want to move to, based on property price growth over the last five years (August 2015 - August 2020).
Based on this data, here are three property hotspots in the county- and some of the houses you can buy in popular areas right now:
St Leonards-on-Sea
This seaside town to the west of central Hastings has seen a huge rise in house prices over the last five years.
In 2015 the average asking price was £205,105 but in 2020 this increased to £267,059.
With more than a 30 per cent increase in property value over five years you'd be patting yourself on the back if you owned a home there.
For £260,000 you could buy this three-bedroom semi-detached house on Bulverhythe Road.
The property has two reception rooms, three double bedrooms and gardens to the front and back.
There's a lot more bang for your buck the further you get outside of Brighton, but would you move more than an hour away from the city?
Hastings
As many people in the county look to move out of the city to get more space and value for money one place that has seen a huge increase in property prices is the historic town of Hastings.
The town has been described as the 'best commuter seaside town to move to' and after the coronavirus pandemic people are looking to own a lot more green space.
Prices have risen in the town by 28.4 per cent since 2015 with the average asking price going up from £205,095 to £263,404.
£260,000 could get you a three bed semi-detached property or terraced house in the town.
This brand new home on Hughenden Road is close to all amenities including the local train station.
Commuting from Hastings to London by train takes approximately an hour and a half.
Rye
The historic town of Rye is known for its cobbled streets and medieval, half-timbered houses.
Ideal for families the quaint town has plenty of cafes and restaurants as well as lots of cycling and walking routes to keep everyone entertained.
The average asking price is now £351,798 which is an increase of 28.4 per cent on the 2015 average of £273,953.
This picturesque semi-detached home in Rye is under the average asking price at £350,000.
Oozing character and charm this home is in the heart of the town, just a short walk from shops and the train station.
The two-bedroom house is particularly quaint and only has a small seating area to the front of the property.
What do you think about the inflation rate of homes in these towns? Let us know in the comments.
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