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House Prices in TN31

The average house price in TN31 (Rye) is £385,495 using HM Land Registry data.

The average property price increased by £98,353 (35.44%) over the last 5 years and increased by £19,707 (5.03%) over the last 12 months.

Over the last year, there were 175 residential property sales – a decrease of 48 transactions (-27.43%) relative to the previous year. The majority of house sales (54) were in the £358,000 - £476,000 range. Then came properties in the £240,000 - £358,000 range, where 45 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 66 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-30,887 (-6%).

In Oct 24, there were 38 new estate agency instructions, 32 agreed home sales and 42 property price reductions.

5-Year Average Property Prices in TN31 (Rye)

35.44%

Property prices in Rye increased by 35.44% 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 TN31 (Rye) Over the Last Year

5.03%

Property prices in Rye increased by 5.03% 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 TN31 (Rye) - 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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

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 TN31 (Rye)

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 TN31 (Rye)

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 TN31 (Rye)

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 TN31 (Rye) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the TN31 postcode area since 1995.

Recent Sales in TN31 (Rye)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
Redford Cottage, Main Street, Peasmarsh, Rye, East Sussex, TN31 6SX	£425,000	£413,000	-£12,000	28 Mar 2024	01 Aug 2024	126 Days
3 Lydd Road, Camber, Rye, East Sussex, TN31 7RJ	£275,000	£273,200	-£1,800	16 Mar 2024	11 Jul 2024	117 Days
4 Farm Gardens, Peasmarsh, Rye, East Sussex, TN31 6NR	£365,000	£360,000	-£5,000	19 Feb 2024	11 Jul 2024	143 Days
Llanberis, Saltcote Lane, Playden, Rye, East Sussex, TN31 7NR	£395,000	£380,000	-£15,000	01 Mar 2024	20 Jun 2024	111 Days
23 Cinque Ports Street, Rye, East Sussex, TN31 7AD	£240,000	£215,000	-£25,000	11 Oct 2023	17 Jun 2024	250 Days
8 Tram Road, Rye Harbour, Rye, East Sussex, TN31 7TY	£425,000	£380,000	-£45,000	20 Sep 2023	11 Jun 2024	265 Days
Flat 3, Highfields, Hilltop Drive, Rye, East Sussex, TN31 7HT	£250,000	£248,000	-£2,000	24 Jun 2023	07 Jun 2024	349 Days
51 North Salts, Rye, East Sussex, TN31 7NU	£390,000	£382,500	-£7,500	29 Feb 2024	29 May 2024	90 Days
17 Military Road, Rye, East Sussex, TN31 7NX	£650,000	£615,000	-£35,000	20 Jul 2023	09 May 2024	294 Days
111b, High Street, Rye, East Sussex, TN31 7JE	£475,000	£420,000	-£55,000	18 May 2023	08 May 2024	356 Days
Wisteria Cottage, Udimore Road, Broad Oak, Rye, East Sussex, TN31 6BX	£650,000	£625,000	-£25,000	11 Sep 2023	25 Apr 2024	227 Days
The Recycled House, New Lydd Road, Camber, Rye, East Sussex, TN31 7RB	£775,000	£735,000	-£40,000	06 Nov 2023	15 Apr 2024	161 Days
24 Mill Road, Rye, East Sussex, TN31 7NN	£435,000	£415,000	-£20,000	17 Jan 2024	12 Apr 2024	86 Days
Flat 16, Strand Court, Strand Quay, Rye, East Sussex, TN31 7AY	£168,000	£162,000	-£6,000	18 Oct 2023	05 Apr 2024	170 Days
113 Military Road, Rye, East Sussex, TN31 7NY	£1,250,000	£1,100,000	-£150,000	18 Sep 2023	04 Apr 2024	199 Days
3 New Road, Rye, East Sussex, TN31 7LS	£575,000	£575,000	£00	17 Oct 2023	28 Mar 2024	163 Days
Yewtree Cottage, Beckley Road, Northiam, Rye, East Sussex, TN31 6JB	£529,950	£515,000	-£14,950	31 Jan 2024	28 Mar 2024	57 Days
64 Udimore Road, Rye, East Sussex, TN31 7DS	£430,000	£430,000	£00	02 Oct 2023	28 Mar 2024	178 Days
56 Military Road, Rye, East Sussex, TN31 7NY	£475,000	£464,000	-£11,000	20 Nov 2023	22 Mar 2024	123 Days
Evening Wood, Kitchenour Lane, Beckley, Rye, East Sussex, TN31 6TE	£550,000	£485,000	-£65,000	27 Sep 2023	04 Mar 2024	159 Days

Most Expensive Streets in TN31 (Rye)

Postcode	Street	Area	Average	No. of Sales
TN31 6TU	Hobbs Lane, Beckley	Rye	£1,084,166	3
TN31 7NP	Point Hill	Rye	£1,071,500	3
TN31 6JB	Beckley Road, Northiam	Rye	£940,000	3
TN31 7HB	Watchbell Street	Rye	£885,759	6
TN31 7ES	West Street	Rye	£878,750	4
TN31 6EX	Chitcombe Road, Broad Oak	Rye	£853,833	3
TN31 7XB	Wittersham Road, Iden	Rye	£851,250	4
TN31 6UA	Whitebread Lane, Beckley	Rye	£850,000	3
TN31 7NY	Military Road	Rye	£837,777	9
TN31 7TU	Rye Harbour	Rye	£818,750	4

Least Expensive Streets in TN31 (Rye)

Postcode	Street	Area	Average	No. of Sales
TN31 7RZ	Fleetway Court, New Lydd Road	Rye	£120,400	8
TN31 7RW	Saunders Way, Camber	Rye	£130,400	5
TN31 7LY	Meryon Court	Rye	£144,750	4
TN31 7SQ	Kiln Drive, Rye Foreign	Rye	£153,000	7
TN31 7AY	Strand Court, Strand Quay	Rye	£171,125	26
TN31 7UG	Tollgate Lock, New Winchelsea Road	Rye	£171,333	6
TN31 7AD	Cinque Ports Street	Rye	£205,645	6
TN31 7BN	Pottingfield Road	Rye	£219,150	3
TN31 7RF	Marchants Drive, Camber	Rye	£219,571	7
TN31 7BH	Lea Avenue	Rye	£231,714	7