1, THE DOWNS, STEEPDOWN ROAD, SOMPTING, LANCING, BN15 0LJ - £425,000

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 THE DOWNS is a small extended detached house of 82m², built sometime between 1996 and 2002. It was last sold for £425,000 in August 2023, which was around 27% below the average August 2023 detached price in the Adur local authority area. The most recent EPC inspection was June 2023, where the current energy rating was C, and the potential energy rating was B.

1 THE DOWNS Sold Prices

Land registry data shows three sales for 1 THE DOWNS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Adur local authority area for the corresponding sale date. All of the three 1 THE DOWNS 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 18 AUG	£425,000	£585,092	27% below HPI
2000 9 MAY	£128,500	£155,662	17% below HPI
1998 9 APR	£95,000	£105,753	10% below HPI

1 THE DOWNS 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 three 1 THE DOWNS sales between April 1998 and August 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 May 2000 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the August 2023 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 1 THE DOWNS?

1 THE DOWNS is 82m², which includes one extension, according to the EPC inspection conducted in June 2023. This puts it in the smallest 40% 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 THE DOWNS lies on this distribution: 39% of detached houses are smaller than 1 THE DOWNS, and 60% of houses are larger. Note that EPC data is not available for all properties in Sompting.

1 THE DOWNS: Plot and Title Map

1 THE DOWNS sits on a plot of roughly 0.085 of an acre, or 344m². The below map shows the location of 1 THE DOWNS, 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 THE DOWNS). 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 THE DOWNS?

1 THE DOWNS is located on STEEPDOWN ROAD in SOMPTING, in the BN15 postcode district. The below map shows the position of 1 THE DOWNS on STEEPDOWN ROAD.