1, THE DRIVE, LANCING, BN15 8PT - £365,000

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 THE DRIVE is a midsized extended detached house of 98m², built sometime between 1930 and 1949, which could now be worth an estimated £418,367. It was last sold for £365,000 in September 2018, which was around 31% below the average September 2018 detached price in the Adur local authority area. The most recent EPC inspection was September 2017, where the current energy rating was E, and the potential energy rating was C.

1 THE DRIVE Sold Prices

Land registry data shows three sales for 1 THE DRIVE 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 DRIVE 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
2018 5 SEP	£365,000	£531,072	31% below HPI
1999 21 SEP	£132,000	£137,302	4% below HPI
1995 11 JAN	£76,300	£92,462	17% below HPI

1 THE DRIVE 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 DRIVE sales between January 1995 and September 2018 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 September 1999 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the September 2018 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 1 THE DRIVE be worth now?

1 THE DRIVE might now be worth an estimated £418,367.

This is based on house price inflation of 14.6%, between September 2018 and February 2025, for detached houses, in the Adur local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.6% inflationary increase is applied to the most recent sale price for 1 THE DRIVE of £365,000 on 5th September 2018. For the value to have increased from £365,000 to £418,367 over the seven years and seven months to February 2025, the following assumptions must hold true:

• The value of 1 THE DRIVE has moved in line with the HPI for detached houses in the Adur local authority area.
• The September 2018 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of 1 THE DRIVE has not materially changed since September 2018.

How Large is 1 THE DRIVE?

1 THE DRIVE is 98m², which includes one extension, according to the EPC inspection conducted in September 2017. This puts it in the smallest 50% of detached houses houses in Lancing, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lancing, and where 1 THE DRIVE lies on this distribution: 46% of detached houses houses are smaller than 1 THE DRIVE, and 52% of houses are larger. Note that EPC data is not available for all properties in Lancing.

1 THE DRIVE: Plot and Title Map

1 THE DRIVE sits on a plot of roughly 0.115 of an acre, or 464m². The below map shows the location of 1 THE DRIVE, 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 DRIVE). 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 DRIVE?

1 THE DRIVE is located in LANCING, in the BN15 postcode district. The below map shows the position of No. 1 on THE DRIVE.