107, PENHILL ROAD, LANCING, BN15 8HF - £505,000

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.

107 PENHILL ROAD is a large detached house of 121m², built sometime between 1900 and 1929, which could now be worth an estimated £595,996. It was last sold for £505,000 in March 2020, which was around 2% below the average March 2020 detached price in the Adur local authority area. The most recent EPC inspection was April 2011, where the current energy rating was F, and the potential energy rating was E.

107 PENHILL ROAD Sold Prices

Land registry data shows two sales for 107 PENHILL ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Adur local authority area for the corresponding sale date. Both of the two 107 PENHILL ROAD 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
2020 26 MAR	£505,000	£515,781	2% below HPI
2012 29 JUN	£320,000	£339,622	6% below HPI

107 PENHILL ROAD 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 two 107 PENHILL ROAD sales from June 2012 and March 2020 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 2012 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the March 2020 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 107 PENHILL ROAD be worth now?

107 PENHILL ROAD might now be worth an estimated £595,996.

This is based on house price inflation of 18%, between March 2020 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 18% inflationary increase is applied to the most recent sale price for 107 PENHILL ROAD of £505,000 on 26th March 2020. For the value to have increased from £505,000 to £595,996 over the five years and one month to February 2025, the following assumptions must hold true:

• The value of 107 PENHILL ROAD has moved in line with the HPI for detached houses in the Adur local authority area.
• The March 2020 sale price of £505,000 represented a fair market value for the property.
• The size, condition, and specification of 107 PENHILL ROAD has not materially changed since March 2020.

How Large is 107 PENHILL ROAD?

107 PENHILL ROAD is 121m² according to the EPC inspection conducted in April 2011. This puts it in the largest 40% 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 107 PENHILL ROAD lies on this distribution: 67% of detached houses houses are smaller than 107 PENHILL ROAD, and 33% of houses are larger. Note that EPC data is not available for all properties in Lancing.

107 PENHILL ROAD: Plot and Title Map

107 PENHILL ROAD sits on a plot of roughly 0.135 of an acre, or 545m². The below map shows the location of 107 PENHILL ROAD, 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 107 PENHILL ROAD). 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 107 PENHILL ROAD?

107 PENHILL ROAD is located in LANCING, in the BN15 postcode district. The below map shows the position of No. 107 on PENHILL ROAD.