1, MARKET PLACE, TARRING, WORTHING, BN14 7JP - £425,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 MARKET PLACE is a very small detached house of 81m², built sometime between 2007 and 2011. It was last sold for £425,000 in April 2024, which was around 31% below the average April 2024 detached price in the Worthing local authority area. The most recent EPC inspection was October 2020, where the current energy rating was C, and the potential energy rating was B.

1 MARKET PLACE Sold Prices

Land registry data shows two sales for 1 MARKET PLACE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Worthing local authority area for the corresponding sale date. Both of the two 1 MARKET PLACE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2024 25 APR	£425,000	£611,671	31% below HPI
2021 15 DEC	£330,000	£619,222	47% below HPI

1 MARKET PLACE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Worthing local authority area over time, sourced from the HPI. The two 1 MARKET PLACE sales from December 2021 and April 2024 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the December 2021 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the April 2024 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 1 MARKET PLACE be worth now?

1 MARKET PLACE might now be worth an estimated £421,814.

This is based on house price deflation of 0.7%, between April 2024 and December 2024, for detached houses, in the Worthing local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.7% deflationary decrease is applied to the most recent sale price for 1 MARKET PLACE of £425,000 on 25th April 2024. For the value to have decreased from £425,000 to £421,814 over the four months to December 2024, the following assumptions must hold true:

• The value of 1 MARKET PLACE has moved in line with the HPI for detached houses in the Worthing local authority area.
• The April 2024 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 1 MARKET PLACE has not materially changed since April 2024.

How Large is 1 MARKET PLACE?

1 MARKET PLACE is 81m² according to the EPC inspection conducted in October 2020. This puts it in the smallest 20% of detached houses houses in Worthing, based on EPC data. The below chart shows the distribution of detached houses houses by size in Worthing, and where 1 MARKET PLACE lies on this distribution: 16% of detached houses houses are smaller than 1 MARKET PLACE, and 83% of houses are larger. Note that EPC data is not available for all properties in Worthing.

1 MARKET PLACE: Plot and Title Map

1 MARKET PLACE sits on a plot of roughly 0.017 of an acre, or 70m². The below map shows the location of 1 MARKET PLACE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 MARKET PLACE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 MARKET PLACE?

1 MARKET PLACE is located in TARRING, in the BN14 postcode district. The below map shows the position of No. 1 on MARKET PLACE.