Worthing Buy-to-Let Guide

According to data provided by Rightmove, the average sale price of properties in Worthing in the past year was £396,390, with an average rental price of £1,173 and a rental yield of 3.55%.

Property experts at Savills predict that property prices in the South East will increase by 18.2% by 2028. The average house price in the neighbouring seaside town of Brighton was £498,860 over the past year, making the average house price in Worthing over £100,000 cheaper. Consequently, it comes as no surprise that many property investors are now choosing Worthing over Brighton and other areas closer to central London.

According to Home.co.uk, property prices in Worthing fell by 19% between March 2023 and March 2024. However, the South East is expected to grow by 18.2% by 2028, which is above the UK national average of 17.9%. This is positive news for property investors and indicates that now could be an ideal time to purchase property in Worthing.

Numerous property types are available for investors in Worthing, such as Victorian and Edwardian-style homes, detached, semi-detached, terraced houses, flats, and maisonettes.

Over the past year, the largest number of properties sold in Worthing have been flats, selling for an average of £ 249,229. Semi-detached properties fetched £429,766, and detached properties sold for around £582,834.

According to Rightmove, house prices have increased by 3% in the past year and are up by 7% from 2021. Increased awareness of Worthing’s offerings from professionals and families outside of the area has enhanced competition for properties in the area, and property investors could purchase properties with significant potential to increase their value within the next 5-10 years.

Average Property Prices in Ferring

The average property price in this area is £518,661.

Average Rental Yield in Ferring

The average rental yield in this area is 3.26%.

Average Property Prices in West Worthing

The average property price in this area is £330,931.

Average Rental Yield in West Worthing

The average rental yield in this area is 4.25%.

(Average property prices taken were from Rightmove in June 2024; rental yield estimates were calculated with figures from housesforsaletorent.co.uk in the same period)

What is the Best Area of Worthing to Invest in?

West Worthing is known for its Victorian and Edwardian-style houses. It has the convenience of West Worthing Station, good schools, and often appeals to families and professionals, making it a reliable market for long-term rentals and family homes. Average property prices are less than in other desirable parts of Worthing, and rental yields are higher, making this debatably the best area in Worthing to invest in property.

Broadwater tends to attract a younger demographic, offering more modern apartments and a wider range of property types. It is close to Worthing Town Centre. Excellent amenities, schools, parks, and shopping facilities make properties in the area strong in both the buy-to-let and resale property markets.

Goring-by-Sea is another highly desirable area for property investment. It is known for its beautiful beaches, parks, and seaside lifestyle. Properties in this area tend to retain their value, making them a good return on investment.

As mentioned earlier, Homes England is working with Worthing Borough Council to regenerate Teville Gate and consequently provide 250 new-build homes for the area. Worthing Homes also has plans to build 500 new developments across Worthing, Adur, Arun, Chichester and Horsham boroughs.

New-built homes are generally more energy efficient. For example, solar panels are becoming more common in new-built homes. They can generate electricity, and any unused electricity that you have generated can be sold back to your energy provider at a fixed rate for 20 years.

New homes also have the added benefit of requiring less maintenance. Due to advancements in double glazing in recent years, they can retain heat and effectively reduce noise outside the property.

Is Worthing the best place to invest in the UK?

Although Worthing can offer a cheaper alternative to central London and similar areas within the South East region, properties in the North West are generally more affordable and can offer higher rental yields.

For example, according to Zoopla, the average buy-to-let property in Liverpool is £129,172. The city also has an average monthly rent of £801 and a gross rental yield of 7.44%. Worthing, by comparison, has an average buy-to-let price of £254,618, an average monthly rent of £1,173, and an average gross rental yield of 5.52%. Savills also projects that the North West will see 28.8% capital growth over the next 5 years, compared to the 18.2% expected in the South East. Other ways to find financial growth opportunities can be found in the RWinvest how to invest £100K guide.

Worthing can offer more affordable housing than most sections of the South East Region; however, property investors may want to consider options in the North West of England or other Northern regions for higher rental yields and lower property prices.