15, RUSSELLS DRIVE, LANCING, BN15 8BN - £400,000

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 RUSSELLS DRIVE is a small detached house of 79m², built sometime between 1950 and 1966, which could now be worth an estimated £410,476. It was last sold for £400,000 in November 2021, which was around 33% below the average November 2021 detached price in the Adur local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was B.

15 RUSSELLS DRIVE Sold Prices

Land registry data shows three sales for 15 RUSSELLS DRIVE 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 RUSSELLS DRIVE 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 NOV	£400,000	£593,184	33% below HPI
2015 20 OCT	£275,000	£448,063	39% below HPI
1998 5 JAN	£85,000	£119,816	29% below HPI

15 RUSSELLS DRIVE 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 RUSSELLS DRIVE sales between January 1998 and November 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 October 2015 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the November 2021 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 15 RUSSELLS DRIVE be worth now?

15 RUSSELLS DRIVE might now be worth an estimated £410,476.

This is based on house price inflation of 2.6%, between November 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 2.6% inflationary increase is applied to the most recent sale price for 15 RUSSELLS DRIVE of £400,000 on 25th November 2021. For the value to have increased from £400,000 to £410,476 over the four years and nine months to February 2025, the following assumptions must hold true:

• The value of 15 RUSSELLS DRIVE has moved in line with the HPI for detached houses in the Adur local authority area.
• The November 2021 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of 15 RUSSELLS DRIVE has not materially changed since November 2021.

How Large is 15 RUSSELLS DRIVE?

15 RUSSELLS DRIVE is 79m² according to the EPC inspection conducted in May 2015. This puts it in the smallest 30% 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 RUSSELLS DRIVE lies on this distribution: 25% of detached houses houses are smaller than 15 RUSSELLS DRIVE, and 74% of houses are larger. Note that EPC data is not available for all properties in Lancing.

15 RUSSELLS DRIVE: Plot and Title Map

15 RUSSELLS DRIVE sits on a plot of roughly 0.115 of an acre, or 464m². The below map shows the location of 15 RUSSELLS DRIVE, 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 RUSSELLS DRIVE). 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 RUSSELLS DRIVE?

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