15, GORDON ROAD, LANCING, BN15 9LP - £425,000

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.

15 GORDON ROAD is a very small detached house of 75m², built sometime between 1950 and 1966, which could now be worth an estimated £467,662. It was last sold for £425,000 in June 2021, which was around 23% below the average June 2021 detached price in the Adur local authority area. The most recent EPC inspection was May 2021, where the current energy rating was D, and the potential energy rating was B.

15 GORDON ROAD Sold Prices

Land registry data shows three sales for 15 GORDON ROAD 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 GORDON 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
2021 25 JUN	£425,000	£553,190	23% below HPI
2008 23 MAY	£227,500	£345,063	34% below HPI
1995 12 MAY	£59,995	£89,065	33% below HPI

15 GORDON 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 three 15 GORDON ROAD sales between May 1995 and June 2021 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 May 2008 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the June 2021 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 15 GORDON ROAD be worth now?

15 GORDON ROAD might now be worth an estimated £467,662.

This is based on house price inflation of 10%, between June 2021 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 10% inflationary increase is applied to the most recent sale price for 15 GORDON ROAD of £425,000 on 25th June 2021. For the value to have increased from £425,000 to £467,662 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 15 GORDON ROAD has moved in line with the HPI for detached houses in the Adur local authority area.
• The June 2021 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 15 GORDON ROAD has not materially changed since June 2021.

How Large is 15 GORDON ROAD?

15 GORDON ROAD is 75m² according to the EPC inspection conducted in May 2021. 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 GORDON ROAD lies on this distribution: 20% of detached houses houses are smaller than 15 GORDON ROAD, and 79% of houses are larger. Note that EPC data is not available for all properties in Lancing.

15 GORDON ROAD: Plot and Title Map

15 GORDON ROAD sits on a plot of roughly 0.148 of an acre, or 598m². The below map shows the location of 15 GORDON 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 15 GORDON 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 15 GORDON ROAD?

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