2, EIGHTH AVENUE, LANCING, BN15 9XD - £317,500

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.

2 EIGHTH AVENUE is a midsized extended detached house of 108m², built sometime between 1930 and 1949, which could now be worth an estimated £395,299. It was last sold for £317,500 in October 2016, which was around 35% below the average October 2016 detached price in the Adur local authority area. The most recent EPC inspection was June 2016, where the current energy rating was E, and the potential energy rating was C.

2 EIGHTH AVENUE Sold Prices

Land registry data shows two sales for 2 EIGHTH AVENUE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Adur local authority area for the corresponding sale date. Both of the two 2 EIGHTH AVENUE 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
2016 7 OCT	£317,500	£488,918	35% below HPI
2003 19 MAR	£165,000	£254,369	35% below HPI

2 EIGHTH AVENUE 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 two 2 EIGHTH AVENUE sales from March 2003 and October 2016 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 March 2003 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the October 2016 sale, which was also at 35% below the HPI.

What might 2 EIGHTH AVENUE be worth now?

2 EIGHTH AVENUE might now be worth an estimated £395,299.

This is based on house price inflation of 24.5%, between October 2016 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 24.5% inflationary increase is applied to the most recent sale price for 2 EIGHTH AVENUE of £317,500 on 7th October 2016. For the value to have increased from £317,500 to £395,299 over the nine years and eight months to February 2025, the following assumptions must hold true:

• The value of 2 EIGHTH AVENUE has moved in line with the HPI for detached houses in the Adur local authority area.
• The October 2016 sale price of £317,500 represented a fair market value for the property.
• The size, condition, and specification of 2 EIGHTH AVENUE has not materially changed since October 2016.

How Large is 2 EIGHTH AVENUE?

2 EIGHTH AVENUE is 108m², which includes one extension, according to the EPC inspection conducted in June 2016. This puts it in the largest 50% 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 2 EIGHTH AVENUE lies on this distribution: 57% of detached houses houses are smaller than 2 EIGHTH AVENUE, and 42% of houses are larger. Note that EPC data is not available for all properties in Lancing.

2 EIGHTH AVENUE: Plot and Title Map

2 EIGHTH AVENUE sits on a plot of roughly 0.168 of an acre, or 679m². The below map shows the location of 2 EIGHTH AVENUE, 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 EIGHTH AVENUE). 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 EIGHTH AVENUE?

2 EIGHTH AVENUE is located in LANCING, in the BN15 postcode district. The below map shows the position of No. 2 on EIGHTH AVENUE.