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House Prices in GU28

The average house price in GU28 (Petworth) is £687,500 using HM Land Registry data.

The average property price increased by £128,454 (1.29%) over the last 5 years and increased by £25,738 (0.23%) over the last 12 months.

Over the last year, there were 44 residential property sales – a decrease of 34 transactions (-77.27%) relative to the previous year. The majority of house sales (17) were in the £340,000 - £552,000 range. Then came properties in the £552,000 - £764,000 range, where 10 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 23 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-40,000 (-7%).

In Oct 24, there were new estate agency instructions, 5 agreed home sales and 6 property price reductions.

5-Year Average Property Prices in GU28 (Petworth)

1.29%

Property prices in Petworth increased by 1.29% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in GU28 (Petworth) Over the Last Year

0.23%

Property prices in Petworth increased by 0.23% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for GU28 (Petworth) - Oct 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 21 to 40 days, the broad evidence suggests that properties are selling reasonably quickly after being initially advertised and the market is reasonably healthy. If you are prepared to wait to up to 6 weeks, and you are sure that your property is priced realistically, you should get an offer within this timeframe.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in GU28 (Petworth)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in GU28 (Petworth)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in GU28 (Petworth)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the GU28 (Petworth) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the GU28 postcode area since 1995.

Recent Sales in GU28 (Petworth)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
Burton Hill Court, Burton Park Road, Petworth, West Sussex, GU28 0JS	£1,250,000	£1,200,000	-£50,000	11 Jul 2023	15 Mar 2024	248 Days
302 North Street, Petworth, West Sussex, GU28 0DN	£650,000	£605,000	-£45,000	17 Aug 2023	27 Feb 2024	194 Days
Springfield, Hill Grove, Lurgashall, Petworth, West Sussex, GU28 9EW	£1,300,000	£1,200,000	-£100,000	03 Oct 2023	04 Jan 2024	93 Days
4 Garden Mews, Duncton, Petworth, West Sussex, GU28 0QS	£675,000	£642,500	-£32,500	10 Feb 2023	30 Nov 2023	293 Days
309d, North Street, Petworth, West Sussex, GU28 0DF	£479,500	£472,500	-£7,000	06 Jul 2023	23 Oct 2023	109 Days
The Coach House, Barton Lane, Petworth, West Sussex, GU28 0DA	£465,000	£453,750	-£11,250	05 Jul 2023	13 Oct 2023	100 Days
Chapelgate, London Road, Northchapel, Petworth, West Sussex, GU28 9EG	£950,000	£920,000	-£30,000	05 Oct 2022	13 Oct 2023	373 Days
309 North Street, Petworth, West Sussex, GU28 0DF	£450,000	£420,000	-£30,000	10 Nov 2022	04 Oct 2023	328 Days
50 Sheepdown Drive, Petworth, West Sussex, GU28 0BX	£525,000	£525,000	£00	03 Apr 2023	16 Jun 2023	74 Days
1 Chestnut Cottages, Byworth, Petworth, West Sussex, GU28 0HP	£795,000	£775,000	-£20,000	09 Jan 2023	15 Jun 2023	157 Days
1 Highbank Cottages, River, Petworth, West Sussex, GU28 9AX	£725,000	£700,000	-£25,000	02 Feb 2023	30 May 2023	117 Days
Meadow Cottage, North Mead, Petworth, West Sussex, GU28 9NJ	£595,000	£555,000	-£40,000	18 Oct 2022	26 May 2023	220 Days
The Nook, North Street, Petworth, West Sussex, GU28 0DD	£565,000	£500,000	-£65,000	17 Jan 2023	05 May 2023	108 Days
Little Downsview, 9, Pound Close, Petworth, West Sussex, GU28 0HX	£375,000	£345,000	-£30,000	12 Jan 2023	04 May 2023	112 Days
Little Chantry, Grove Street, Petworth, West Sussex, GU28 0BD	£375,000	£370,000	-£5,000	02 Sep 2022	24 Feb 2023	175 Days
37 Valentines Lea, Northchapel, Petworth, West Sussex, GU28 9HY	£350,000	£350,000	£00	17 May 2022	13 Jan 2023	241 Days
53 Valentines Lea, Northchapel, Petworth, West Sussex, GU28 9HY	£105,000	£105,000	£00	25 Aug 2022	12 Dec 2022	109 Days
Teazles, North Mead, Petworth, West Sussex, GU28 9NJ	£550,000	£540,000	-£10,000	12 Aug 2022	25 Nov 2022	105 Days
The Mill House, Halfway Bridge, Lodsworth, Petworth, West Sussex, GU28 9BP	£850,000	£835,000	-£15,000	16 May 2022	22 Nov 2022	190 Days
7 Oakwood Court, Petworth, West Sussex, GU28 0LW	£199,500	£195,000	-£4,500	16 Jun 2022	31 Oct 2022	137 Days

Most Expensive Streets in GU28 (Petworth)

Postcode	Street	Area	Average	No. of Sales
GU28 0NA	Beechwood Lane, Lavington Park	Petworth	£2,191,666	3
GU28 0QA	The Street, Graffham	Petworth	£1,593,472	4
GU28 0RA	Tillington	Petworth	£1,511,500	4
GU28 0LH	Lodge Green, Duncton	Petworth	£1,471,080	5
GU28 0QB	Graffham	Petworth	£1,373,333	3
GU28 9EA	Bexley Hill	Petworth	£1,279,833	3
GU28 0BT	Grove Lane	Petworth	£1,244,666	6
GU28 0JS	Burton Park Road	Petworth	£1,140,000	4
GU28 0JG	Heath End	Petworth	£1,055,000	3
GU28 9BT	Hollihurst Road, Lodsworth	Petworth	£1,023,000	4

Least Expensive Streets in GU28 (Petworth)

Postcode	Street	Area	Average	No. of Sales
GU28 0FE	Morgan Court, Station Road	Petworth	£196,987	8
GU28 9HY	Valentines Lea, Northchapel	Petworth	£277,645	8
GU28 0EF	Littlecote	Petworth	£304,390	5
GU28 0QZ	Garland Close	Petworth	£314,500	4
GU28 0ES	Chequers Court, Station Road	Petworth	£328,000	5
GU28 0EX	Station Road	Petworth	£335,800	5
GU28 9NS	Northend Close	Petworth	£356,333	6
GU28 0QX	Toronto Road	Petworth	£361,000	10
GU28 9ES	Greengates, Lurgashall	Petworth	£361,666	3
GU28 0DF	North Street	Petworth	£385,000	7