15, FRESHFIELDS CLOSE, LANCING, BN15 9LS - £395,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

15 FRESHFIELDS CLOSE is a very small detached house of 75m², built sometime between 1950 and 1966, which could now be worth an estimated £383,849. It was last sold for £395,000 in May 2023, which was around 37% below the average May 2023 detached price in the Adur local authority area. The most recent EPC inspection was April 2017, where the current energy rating was D, and the potential energy rating was B.

15 FRESHFIELDS CLOSE Sold Prices

Land registry data shows three sales for 15 FRESHFIELDS CLOSE 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 15 FRESHFIELDS CLOSE 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 26 MAY	£395,000	£626,403	37% below HPI
2004 18 JUN	£214,950	£279,592	23% below HPI
2000 28 JUL	£122,500	£171,249	28% below HPI

15 FRESHFIELDS CLOSE 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 15 FRESHFIELDS CLOSE sales between July 2000 and May 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 June 2004 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the May 2023 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 15 FRESHFIELDS CLOSE be worth now?

15 FRESHFIELDS CLOSE might now be worth an estimated £383,849.

This is based on house price deflation of 2.8%, between May 2023 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 2.8% deflationary decrease is applied to the most recent sale price for 15 FRESHFIELDS CLOSE of £395,000 on 26th May 2023. For the value to have decreased from £395,000 to £383,849 over the two years and three months to February 2025, the following assumptions must hold true:

• The value of 15 FRESHFIELDS CLOSE has moved in line with the HPI for detached houses in the Adur local authority area.
• The May 2023 sale price of £395,000 represented a fair market value for the property.
• The size, condition, and specification of 15 FRESHFIELDS CLOSE has not materially changed since May 2023.

How Large is 15 FRESHFIELDS CLOSE?

15 FRESHFIELDS CLOSE is 75m² according to the EPC inspection conducted in April 2017. This puts it in the smallest 20% 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 15 FRESHFIELDS CLOSE lies on this distribution: 20% of detached houses houses are smaller than 15 FRESHFIELDS CLOSE, and 79% of houses are larger. Note that EPC data is not available for all properties in Lancing.

15 FRESHFIELDS CLOSE: Plot and Title Map

15 FRESHFIELDS CLOSE sits on a plot of roughly 0.077 of an acre, or 311m². The below map shows the location of 15 FRESHFIELDS 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 15 FRESHFIELDS 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 15 FRESHFIELDS CLOSE?

15 FRESHFIELDS CLOSE is located in LANCING, in the BN15 postcode district. The below map shows the position of No. 15 on FRESHFIELDS CLOSE.