1, OSBORNE CLOSE, SOMPTING, LANCING, BN15 9UZ - £390,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 OSBORNE CLOSE is a small detached house of 72m², built sometime between 1930 and 1949. It was last sold for £390,000 in February 2023, which was around 34% below the average February 2023 detached price in the Adur local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was B.

1 OSBORNE CLOSE Sold Prices

Land registry data shows four sales for 1 OSBORNE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Adur local authority area for the corresponding sale date. All of the four 1 OSBORNE CLOSE 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
2023 3 FEB	£390,000	£593,654	34% below HPI
2019 18 FEB	£285,000	£473,066	40% below HPI
2002 1 AUG	£149,615	£221,358	32% below HPI
2001 31 MAY	£112,000	£174,008	36% below HPI

1 OSBORNE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Adur local authority area over time, sourced from the HPI. The four 1 OSBORNE CLOSE sales between May 2001 and February 2023 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 February 2019 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the February 2023 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 1 OSBORNE CLOSE?

1 OSBORNE CLOSE is 72m² according to the EPC inspection conducted in March 2018. This puts it in the smallest 30% of detached houses in Sompting, based on EPC data. The below chart shows the distribution of detached houses by size in Sompting, and where 1 OSBORNE CLOSE lies on this distribution: 22% of detached houses are smaller than 1 OSBORNE CLOSE, and 76% of houses are larger. Note that EPC data is not available for all properties in Sompting.

1 OSBORNE CLOSE: Plot and Title Map

1 OSBORNE CLOSE sits on a plot of roughly 0.072 of an acre, or 291m². The below map shows the location of 1 OSBORNE CLOSE, 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 OSBORNE CLOSE). 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 OSBORNE CLOSE?

1 OSBORNE CLOSE is located in SOMPTING, in the BN15 postcode district. The below map shows the position of No. 1 on OSBORNE CLOSE.