D|S|P Housing & Development Consultants Appendix III Market and Values Research For: South Downs National Park Authority Community Infrastructure Levy (CIL) Viability Assessment Final Dixon Searle LLP The Old Hayloft 28C Headley Road Grayshott Hindhead GU26 6LD www.dixonsearle.co.uk South Downs National Park Authority D|S|P Housing & Development Consultants Appendix III contents Page (of this Appendix) Overall residential market review (by settlement areas / localities) 2 DSP New-build housing research and analysis 54 Sheltered Housing research 60 Economic Context 61 Residential values summary (value levels) 81 Commercial context and market review 83 Other commercial research 155 Stakeholder Consultation and Feedback Log 159 Land values research 163 Notes EGi property resource extracts for research base follow the above. 1 South Downs National Park Authority D|S|P Housing & Development Consultants Overall Residential Market Review - August 2013 Source: www.rightmove.co.uk Research based on SDNPA settlement tiers 1 - 4 from their Settlement Hierarchy Study June 2013. Tiers 1 and 2 researched on wards and tiers 3 and 4 researched on settlement name. Lewes Bridge Ward (54 properties) 1 Bed 2 Bed 3 Bed 4 Bed Detached n/a n/a n/a £499,950 Semi- Detached n/a £236,650 £279,356 £399,950 Terraced n/a £259,625 £248,831 £497,836 Flats n/a £260,650 n/a n/a Bungalows n/a £295,000 n/a n/a Overall 1st 3rd Average Minimum Quartile Median Quartile Maximum 1 -Bed Flats n/a n/a n/a n/a n/a n/a 2 -Bed Flats £260,650 £189,950 £253,000 £272,500 £280,000 £299,950 2 -Bed Houses £255,571 £215,000 £229,950 £240,000 £250,000 £345,000 3 -Bed Houses £260,460 £29,950 £235,000 £250,000 £285,000 £435,000 4 -Bed Houses £487,194 £289,950 £379,950 £399,950 £625,000 £795,000 2 -Bed Bungalows £295,000 £295,000 £295,000 £295,000 £295,000 £295,000 3 -Bed Bungalows n/a n/a n/a n/a n/a n/a 4 -Bed Bungalows n/a n/a n/a n/a n/a n/a Lewes Castle Ward (59 properties) 1 Bed 2 Bed 3 Bed 4 Bed Detached n/a n/a £516,225 £625,000 Semi- Detached n/a n/a £292,114 £362,500 Terraced n/a £244,215 £347,819 £341,238 Flats £156,099 £188,567 n/a n/a Bungalows n/a £462,475 £597,500 n/a 2 South Downs National Park Authority D|S|P Housing & Development Consultants Overall 1st 3rd Average Minimum Quartile Median Quartile Maximum 1 -Bed Flats £156,099 £147,500 £147,995 £155,000 £165,000 £165,000 2 -Bed Flats £188,567 £131,500 £176,238 £187,475 £198,713 £250,000 2 -Bed Houses £244,215 £187,500 £204,963 £244,950 £269,950 £339,950 3 -Bed Houses £359,640 £215,000 £249,950 £348,475 £392,450 £625,000 4 -Bed Houses £417,494 £245,000 £273,738 £412,500 £512,500 £625,000 2 -Bed Bungalows £462,475 £399,950 £431,213 £462,475 £493,738 £525,000 3 -Bed Bungalows £597,500 £550,000 £573,750 £597,500 £621,250 £645,000 4 -Bed Bungalows n/a n/a n/a n/a n/a n/a Lewes Priory Ward (98 properties) 1 Bed 2 Bed 3 Bed 4 Bed Detached n/a n/a £641,407 £568,980 Semi- Detached n/a £283,990 £387,721 £464,983 Terraced n/a £299,481 £432,475 £526,355 Flats £188,317 £264,983 n/a n/a Bungalows n/a £343,317 £425,000 n/a Overall 1st 3rd Average Minimum Quartile Median Quartile Maximum 1 -Bed Flats £188,317 £159,950 £162,475 £165,000 £202,500 £240,000 2 -Bed Flats £264,983 £179,950 £215,000 £282,475 £316,238 £325,000 2 -Bed Houses £295,793 £239,950 £265,000 £280,000 £327,000 £385,000 3 -Bed Houses £462,329 £270,000 £349,950 £389,950 £560,000 £765,000 4 -Bed Houses £522,152 £299,950 £439,950 £489,950 £641,250 £745,000 2 -Bed Bungalows £343,317 £289,950 £289,975 £290,000 £370,000 £450,000 3 -Bed Bungalows £425,000 £425,000 £425,000 £425,000 £425,000 £425,000 4 -Bed Bungalows n/a n/a n/a n/a n/a n/a 3 South Downs National Park Authority D|S|P Housing & Development Consultants Petersfield St Mary’s Ward (33 properties) 1 Bed 2 Bed 3 Bed 4 Bed Detached n/a n/a £407,475 £660,000 Semi- Detached n/a n/a £363,133 n/a Terraced n/a £282,988 £420,000 £305,000 Flats £149,167 £213,738 n/a n/a Bungalows n/a n/a n/a £450,000 Overall 1st 3rd Average Minimum Quartile Median Quartile Maximum 1 -Bed Flats £149,167 £148,000 £148,000 £148,000 £149,750 £151,500 2 -Bed Flats £213,738 £199,950 £207,488 £215,000 £221,250 £225,000 2 -Bed Houses £282,988 £225,000 £273,750 £294,975 £304,213 £317,000 3 -Bed Houses £379,306 £284,950 £375,000 £389,950 £420,000 £455,000 4 -Bed Houses £595,455 £285,000 £420,000 £495,000 £767,500 £950,000 2 -Bed Bungalows n/a n/a n/a n/a n/a n/a 3 -Bed Bungalows n/a n/a n/a n/a n/a n/a 4 -Bed Bungalows £450,000 £450,000 £450,000 £450,000 £450,000 £450,000 Petersfield Bell Hill Ward (26 properties) 1 Bed 2 Bed 3 Bed 4 Bed Detached n/a n/a £450,000 £360,000 Semi- Detached n/a £238,317 £275,990 £447,475 Terraced n/a £210,800 £274,650 £279,950 Flats £115,000 £175,000 n/a n/a Bungalows n/a n/a £312,500 n/a Overall 1st 3rd Average Minimum Quartile Median Quartile Maximum 1 -Bed Flats £115,000 £115,000 £115,000 £115,000 £115,000 £115,000 2 -Bed Flats £175,000 £175,000 £175,000 £175,000 £175,000 £175,000 2 -Bed Houses £219,972 £199,950 £204,950 £217,500 £229,950 £250,000 3 -Bed Houses £294,878 £215,000 £249,950 £260,000 £335,000 £450,000 4 -Bed Houses £383,725 £279,950 £294,950 £329,975 £418,750 £595,000 2 -Bed Bungalows n/a n/a n/a n/a n/a n/a 3 -Bed Bungalows £312,500 £250,000 £281,250 £312,500 £343,750 £375,000 4 -Bed Bungalows n/a n/a n/a n/a n/a n/a 4 South Downs National Park Authority D|S|P Housing & Development Consultants Petersfield Rother Ward (20 properties) 1 Bed 2 Bed 3 Bed 4 Bed Detached n/a n/a £462,500 £468,731 Semi- Detached n/a £249,950 £279,950 n/a Terraced n/a n/a £273,300 n/a Flats £149,167 £307,475 n/a n/a Bungalows n/a n/a n/a n/a Overall 1st 3rd Average Minimum Quartile Median Quartile Maximum 1 -Bed Flats £149,167 £148,000 £148,000 £148,000 £149,750 £151,500 2 -Bed Flats £307,475 £299,950 £303,713 £307,475 £311,238 £315,000 2 -Bed Houses £249,950 £249,950 £249,950 £249,950 £249,950 £249,950 3 -Bed Houses £337,475 £264,950 £276,238 £279,950 £332,488 £575,000 4 -Bed Houses £468,731 £350,000 £411,238 £495,000 £496,238 £599,950 2 -Bed Bungalows n/a n/a n/a n/a n/a n/a 3 -Bed Bungalows n/a n/a n/a n/a n/a n/a 4 -Bed Bungalows n/a n/a n/a n/a n/a n/a Petersfield St Peter’s Ward (39 properties) 1 Bed 2 Bed 3 Bed 4 Bed Detached n/a n/a £485,000 n/a Semi- Detached n/a £300,000 £334,967 n/a Terraced n/a £238,325 n/a n/a Flats £156,480 £221,164 n/a n/a Bungalows n/a n/a n/a n/a Overall 1st 3rd Average Minimum Quartile Median Quartile Maximum 1 -Bed Flats £156,480 £115,000 £128,750 £162,475 £179,950 £189,950 2 -Bed Flats £221,164 £170,000 £185,000 £215,000 £250,000 £290,000 2 -Bed Houses £253,744 £195,000 £225,000 £249,975 £261,250 £350,000 3 -Bed Houses £372,475 £289,950 £308,738 £357,475 £421,213 £485,000 4 -Bed Houses n/a n/a n/a n/a n/a n/a 2 -Bed Bungalows n/a n/a n/a n/a n/a n/a 3 -Bed Bungalows n/a n/a n/a n/a n/a n/a 4 -Bed Bungalows n/a n/a n/a n/a n/a n/a 5 South Downs National Park Authority D|S|P Housing & Development Consultants Petersfield Heath Ward (10 properties) 1 Bed 2 Bed 3 Bed 4 Bed Detached n/a n/a n/a £500,000 Semi- Detached n/a n/a n/a £750,000 Terraced n/a £211,665 £232,475 n/a Flats £129,950 n/a n/a n/a Bungalows n/a n/a n/a n/a Overall 1st 3rd Average Minimum Quartile Median Quartile Maximum 1 -Bed Flats £129,950 £129,950 £129,950 £129,950 £129,950 £129,950 2 -Bed Flats n/a n/a n/a n/a n/a n/a 2 -Bed Houses £211,665 £199,995 £204,998 £210,000 £217,500 £225,000 3 -Bed Houses £232,475 £225,000 £228,713 £232,475 £236,238 £239,950 4 -Bed Houses £625,000 £500,000 £562,500 £625,000 £687,500 £750,000 2 -Bed Bungalows n/a n/a n/a n/a n/a n/a 3 -Bed Bungalows n/a n/a n/a n/a n/a n/a 4 -Bed Bungalows n/a n/a n/a n/a n/a n/a Petersfield Causeway Ward (26 properties) 1 Bed 2 Bed 3 Bed 4 Bed Detached n/a n/a £301,650 £568,333 Semi- Detached n/a £200,000 £283,999 £381,250 Terraced n/a £249,975 £280,825 n/a Flats n/a £250,000 n/a n/a Bungalows n/a n/a n/a n/a Overall 1st 3rd Average Minimum Quartile Median Quartile Maximum 1 -Bed Flats n/a n/a n/a n/a n/a n/a 2 -Bed Flats £250,000 £250,000 £250,000 £250,000 £250,000 £250,000 2 -Bed Houses £233,317 £200,000 £200,000 £200,000 £249,975 £299,950 3 -Bed Houses £289,108 £210,000 £275,000 £279,995 £325,000 £359,950 4 -Bed Houses £493,500 £312,500 £335,000 £450,000 £675,000 £695,000 2 -Bed Bungalows n/a n/a n/a n/a n/a n/a 3 -Bed Bungalows n/a n/a n/a n/a n/a n/a 4 -Bed Bungalows n/a n/a n/a n/a n/a n/a 6 South Downs National Park Authority D|S|P Housing & Development Consultants Midhurst Ward (76 properties) 1 Bed 2 Bed 3 Bed 4 Bed Detached n/a £325,000 £406,244 £449,363 Semi- Detached n/a £320,000 £261,999 £425,000 Terraced n/a £255,700 £247,612 £283,738 Flats £144,989 £192,143 n/a n/a Bungalows n/a £269,000 £337,500 £625,000 Overall 1st 3rd Average Minimum Quartile Median Quartile Maximum 1 -Bed Flats £144,989 £119,950 £125,000 £137,500 £147,500 £200,000 2 -Bed Flats £192,143 £140,000 £147,500 £155,000 £227,500 £300,000 2 -Bed Houses £275,490 £150,000 £203,750 £259,975 £318,750 £435,000 3 -Bed Houses £299,188 £160,000 £236,000 £250,000 £358,713 £550,000 4 -Bed Houses £396,527 £215,000 £300,000 £375,000 £425,000 £625,000 2 -Bed Bungalows £269,000 £219,000 £235,000 £257,500 £291,250 £350,000 3 -Bed Bungalows £337,500 £265,000 £328,750 £350,000 £358,750 £385,000 4 -Bed Bungalows £625,000 £625,000 £625,000 £625,000 £625,000 £625,000 Liss Ward (65 properties) 1 Bed 2 Bed 3 Bed 4 Bed Detached n/a £324,975 £356,556 £515,825 Semi- Detached n/a £265,833 £264,983 £374,988 Terraced n/a £249,975 £285,975 n/a Flats £119,475 £149,000 n/a n/a Bungalows n/a £249,950 £358,722