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
14 FERRING LANE is a small extended detached house of 90m², built sometime between 1967 and 1975. It was last sold for £550,000 in August 2024, which was about the average August 2024 detached price in the Arun local authority area. The most recent EPC inspection was October 2023, where the current energy rating was C, and the potential energy rating was B.
Land registry data shows three sales for 14 FERRING LANE since 1st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Arun local authority area for the corresponding sale date. The three 14 FERRING LANE sales were a mix of roughly equal to the average price, and 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 |
---|---|---|---|
2024 30 AUG | £550,000 | £549,551 | Close to HPI |
2014 17 JUL | £304,300 | £356,606 | 15% below HPI |
2005 2 AUG | £226,000 | £287,139 | 21% below HPI |
The below graph shows the average detached house price in the Arun local authority area over time, sourced from the HPI. The three 14 FERRING LANE sales between August 2005 and August 2024 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 July 2014 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the August 2024 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.
14 FERRING LANE is 90m², which includes one extension, according to the EPC inspection conducted in October 2023. This puts it in the smallest 40% of detached houses in Ferring, based on EPC data. The below chart shows the distribution of detached houses by size in Ferring, and where 14 FERRING LANE lies on this distribution: 32% of detached houses are smaller than 14 FERRING LANE, and 68% of houses are larger. Note that EPC data is not available for all properties in Ferring.
14 FERRING LANE sits on a plot of roughly 0.106 of an acre, or 430m². The below map shows the location of 14 FERRING LANE, 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 14 FERRING LANE). 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.
14 FERRING LANE is located in FERRING, in the BN12 postcode district. The below map shows the position of No. 14 on FERRING LANE.