2, MILBURY CLOSE, FERRING, WORTHING, BN12 5HQ - £480,000

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 MILBURY CLOSE is a very small detached house of 80m², which could now be worth an estimated £587,220. It was last sold for £480,000 in June 2019, which was around 2% above the average June 2019 detached price in the Arun local authority area. The most recent EPC inspection was November 2009, where the current energy rating was D, and the potential energy rating was C.

2 MILBURY CLOSE Sold Prices

Land registry data shows three sales for 2 MILBURY 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 Arun local authority area for the corresponding sale date. Two of the three 2 MILBURY CLOSE sales were for above the average price, whilst one was 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 20 JUN	£480,000	£469,771	2% above HPI
2011 21 APR	£250,000	£319,423	22% below HPI
1996 9 OCT	£108,000	£104,389	3% above HPI

2 MILBURY CLOSE 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 three 2 MILBURY CLOSE sales between October 1996 and June 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 April 2011 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the June 2019 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 2 MILBURY CLOSE be worth now?

2 MILBURY CLOSE might now be worth an estimated £587,220.

This is based on house price inflation of 22.3%, between June 2019 and February 2025, for detached houses, in the Arun local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 22.3% inflationary increase is applied to the most recent sale price for 2 MILBURY CLOSE of £480,000 on 20th June 2019. For the value to have increased from £480,000 to £587,220 over the six years and four months to February 2025, the following assumptions must hold true:

• The value of 2 MILBURY CLOSE has moved in line with the HPI for detached houses in the Arun local authority area.
• The June 2019 sale price of £480,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MILBURY CLOSE has not materially changed since June 2019.

How Large is 2 MILBURY CLOSE?

2 MILBURY CLOSE is 80m² according to the EPC inspection conducted in November 2009. This puts it in the smallest 20% of detached houses houses in Ferring, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ferring, and where 2 MILBURY CLOSE lies on this distribution: 18% of detached houses houses are smaller than 2 MILBURY CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Ferring.

2 MILBURY CLOSE: Plot and Title Map

2 MILBURY CLOSE sits on a plot of roughly 0.106 of an acre, or 430m². The below map shows the location of 2 MILBURY 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 MILBURY 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 MILBURY CLOSE?

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