2, CLOVER LANE, FERRING, WORTHING, BN12 5LY - £725,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 CLOVER LANE is a very large extended detached house of 160m², built sometime between 1930 and 1949. It was last sold for £725,000 in August 2023, which was around 31% above the average August 2023 detached price in the Arun local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was B.

2 CLOVER LANE Sold Prices

Land registry data shows two sales for 2 CLOVER LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Arun local authority area for the corresponding sale date. Both of the two 2 CLOVER LANE sales were 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
2023 25 AUG	£725,000	£551,647	31% above HPI
2016 5 APR	£500,000	£409,691	22% above HPI

2 CLOVER LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Arun local authority area over time, sourced from the HPI. The two 2 CLOVER LANE sales from April 2016 and August 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 April 2016 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the August 2023 sale, where it rises to 31% above the HPI. The line then continues to track at 31% above the HPI.

How Large is 2 CLOVER LANE?

2 CLOVER LANE is 160m², which includes one extension, according to the EPC inspection conducted in January 2015. This puts it in the largest 20% of detached houses in Ferring, based on EPC data. The below chart shows the distribution of detached houses by size in Ferring, and where 2 CLOVER LANE lies on this distribution: 85% of detached houses are smaller than 2 CLOVER LANE, and 15% of houses are larger. Note that EPC data is not available for all properties in Ferring.

2 CLOVER LANE: Plot and Title Map

2 CLOVER LANE sits on a plot of roughly 0.158 of an acre, or 640m². The below map shows the location of 2 CLOVER 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 2 CLOVER 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.

Where is 2 CLOVER LANE?

2 CLOVER LANE is located in FERRING, in the BN12 postcode district. The below map shows the position of No. 2 on CLOVER LANE.