14, STEYNING CLOSE, SOMPTING, LANCING, BN15 0HY - £340,000

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.

14 STEYNING CLOSE is a small extended semi-detached house of 78m², built sometime between 1950 and 1966, which could now be worth an estimated £405,368. It was last sold for £340,000 in February 2018, which was around 4% below the average February 2018 semi-detached price in the Adur local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was B.

14 STEYNING CLOSE Sold Prices

Land registry data shows three sales for 14 STEYNING CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Adur local authority area for the corresponding sale date. Two of the three 14 STEYNING CLOSE sales were for below the average price, whilst one was for above 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 14 FEB	£340,000	£355,450	4% below HPI
2016 19 SEP	£310,000	£337,637	8% below HPI
2003 30 MAY	£199,950	£173,903	15% above HPI

14 STEYNING CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Adur local authority area over time, sourced from the HPI. The three 14 STEYNING CLOSE sales between May 2003 and February 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 2016 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the February 2018 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 14 STEYNING CLOSE be worth now?

14 STEYNING CLOSE might now be worth an estimated £405,368.

This is based on house price inflation of 19.2%, between February 2018 and February 2025, for semi-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 19.2% inflationary increase is applied to the most recent sale price for 14 STEYNING CLOSE of £340,000 on 14th February 2018. For the value to have increased from £340,000 to £405,368 over the seven years to February 2025, the following assumptions must hold true:

• The value of 14 STEYNING CLOSE has moved in line with the HPI for semi-detached houses in the Adur local authority area.
• The February 2018 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 14 STEYNING CLOSE has not materially changed since February 2018.

How Large is 14 STEYNING CLOSE?

14 STEYNING CLOSE is 78m², which includes one extension, according to the EPC inspection conducted in April 2016. This puts it in the smallest 40% of semi-detached houses houses in Sompting, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Sompting, and where 14 STEYNING CLOSE lies on this distribution: 34% of semi-detached houses houses are smaller than 14 STEYNING CLOSE, and 66% of houses are larger. Note that EPC data is not available for all properties in Sompting.

14 STEYNING CLOSE: Plot and Title Map

14 STEYNING CLOSE sits on a plot of roughly 0.076 of an acre, or 307m². The below map shows the location of 14 STEYNING CLOSE, 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 STEYNING CLOSE). 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 14 STEYNING CLOSE?

14 STEYNING CLOSE is located in SOMPTING, in the BN15 postcode district. The below map shows the position of No. 14 on STEYNING CLOSE.