2, GRANTSMEAD, LANCING, BN15 0PG - £600,000

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.

2 GRANTSMEAD is a very large extended detached house of 156m², built sometime between 1983 and 1990, which could now be worth an estimated £619,677. It was last sold for £600,000 in August 2024, which was around 2% above the average August 2024 detached price in the Adur local authority area. The most recent EPC inspection was October 2023, where the current energy rating was D, and the potential energy rating was B.

2 GRANTSMEAD Sold Prices

Land registry data shows two sales for 2 GRANTSMEAD 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 GRANTSMEAD 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
2024 9 AUG	£600,000	£589,391	2% above HPI
2001 3 AUG	£232,000	£195,077	19% above HPI

2 GRANTSMEAD 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 GRANTSMEAD sales from August 2001 and August 2024 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 August 2001 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the August 2024 sale, where it falls to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 2 GRANTSMEAD be worth now?

2 GRANTSMEAD might now be worth an estimated £619,677.

This is based on house price inflation of 3.3%, between August 2024 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 3.3% inflationary increase is applied to the most recent sale price for 2 GRANTSMEAD of £600,000 on 9th August 2024. For the value to have increased from £600,000 to £619,677 over the one year and six months to February 2025, the following assumptions must hold true:

• The value of 2 GRANTSMEAD has moved in line with the HPI for detached houses in the Adur local authority area.
• The August 2024 sale price of £600,000 represented a fair market value for the property.
• The size, condition, and specification of 2 GRANTSMEAD has not materially changed since August 2024.

How Large is 2 GRANTSMEAD?

2 GRANTSMEAD is 156m², which includes two extensions, according to the EPC inspection conducted in October 2023. This puts it in the largest 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 2 GRANTSMEAD lies on this distribution: 86% of detached houses houses are smaller than 2 GRANTSMEAD, and 14% of houses are larger. Note that EPC data is not available for all properties in Lancing.

2 GRANTSMEAD: Plot and Title Map

2 GRANTSMEAD sits on a plot of roughly 0.099 of an acre, or 402m². The below map shows the location of 2 GRANTSMEAD, 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 GRANTSMEAD). 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 GRANTSMEAD?

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