1, PENLANDS RISE, STEYNING, BN44 3PJ - £495,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 PENLANDS RISE is a small detached house of 114m², built sometime between 1950 and 1966, which could now be worth an estimated £572,117. It was last sold for £495,000 in September 2019, which was around 24% below the average September 2019 detached price in the Horsham local authority area. The most recent EPC inspection was February 2019, where the current energy rating was E, and the potential energy rating was B.

1 PENLANDS RISE Sold Prices

Land registry data shows two sales for 1 PENLANDS RISE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Horsham local authority area for the corresponding sale date. Both of the two 1 PENLANDS RISE 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
2019 19 SEP	£495,000	£649,292	24% below HPI
2006 14 JUN	£291,000	£404,694	28% below HPI

1 PENLANDS RISE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Horsham local authority area over time, sourced from the HPI. The two 1 PENLANDS RISE sales from June 2006 and September 2019 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 June 2006 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the September 2019 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 1 PENLANDS RISE be worth now?

1 PENLANDS RISE might now be worth an estimated £572,117.

This is based on house price inflation of 15.6%, between September 2019 and February 2025, for detached houses, in the Horsham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 15.6% inflationary increase is applied to the most recent sale price for 1 PENLANDS RISE of £495,000 on 19th September 2019. For the value to have increased from £495,000 to £572,117 over the six years and seven months to February 2025, the following assumptions must hold true:

• The value of 1 PENLANDS RISE has moved in line with the HPI for detached houses in the Horsham local authority area.
• The September 2019 sale price of £495,000 represented a fair market value for the property.
• The size, condition, and specification of 1 PENLANDS RISE has not materially changed since September 2019.

How Large is 1 PENLANDS RISE?

1 PENLANDS RISE is 114m² according to the EPC inspection conducted in February 2019. This puts it in the smallest 40% of detached houses houses in Steyning, based on EPC data. The below chart shows the distribution of detached houses houses by size in Steyning, and where 1 PENLANDS RISE lies on this distribution: 39% of detached houses houses are smaller than 1 PENLANDS RISE, and 60% of houses are larger. Note that EPC data is not available for all properties in Steyning.

1 PENLANDS RISE: Plot and Title Map

1 PENLANDS RISE sits on a plot of roughly 0.129 of an acre, or 521m². The below map shows the location of 1 PENLANDS RISE, 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 PENLANDS RISE). 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 PENLANDS RISE?

1 PENLANDS RISE is located in STEYNING, in the BN44 postcode district. The below map shows the position of No. 1 on PENLANDS RISE.