2, FIELD CLOSE, LANCING, BN15 9LT - £330,000

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 FIELD CLOSE is a small detached house of 78m², built sometime between 1950 and 1966. It was last sold for £330,000 in August 2019, which was around 33% below the average August 2019 detached price in the Adur local authority area. The most recent EPC inspection was June 2019, where the current energy rating was D, and the potential energy rating was B.

2 FIELD CLOSE Sold Prices

Land registry data shows three sales for 2 FIELD 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 2 FIELD 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
2019 30 AUG	£330,000	£489,377	33% below HPI
2003 7 OCT	£197,950	£249,212	21% below HPI
2000 21 JUL	£123,000	£158,321	22% below HPI

2 FIELD 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 2 FIELD CLOSE sales between July 2000 and August 2019 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 2003 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the August 2019 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 2 FIELD CLOSE?

2 FIELD CLOSE is 78m² according to the EPC inspection conducted in June 2019. This puts it in the smallest 30% of detached houses in Lancing, based on EPC data. The below chart shows the distribution of detached houses by size in Lancing, and where 2 FIELD CLOSE lies on this distribution: 23% of detached houses are smaller than 2 FIELD CLOSE, and 75% of houses are larger. Note that EPC data is not available for all properties in Lancing.

2 FIELD CLOSE: Plot and Title Map

2 FIELD CLOSE sits on a plot of roughly 0.086 of an acre, or 347m². The below map shows the location of 2 FIELD 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 2 FIELD 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 2 FIELD CLOSE?

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