2, MILL CLOSE, RUSTINGTON, LITTLEHAMPTON, BN16 3HR - £400,000

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 MILL CLOSE is a small detached house of 94m², built sometime between 1967 and 1975, which could now be worth an estimated £496,056. It was last sold for £400,000 in December 2017, which was around 14% below the average December 2017 detached price in the Arun local authority area. The most recent EPC inspection was September 2017, where the current energy rating was C, and the potential energy rating was B.

2 MILL CLOSE Sold Prices

Land registry data shows four sales for 2 MILL CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Arun local authority area for the corresponding sale date. All of the four 2 MILL 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
2017 7 DEC	£400,000	£463,420	14% below HPI
2017 30 MAY	£275,000	£441,433	38% below HPI
2002 25 JUL	£172,500	£229,036	25% below HPI
2002 12 MAR	£140,000	£207,985	33% below HPI

2 MILL 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 four 2 MILL CLOSE sales between March 2002 and December 2017 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 May 2017 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the December 2017 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 2 MILL CLOSE be worth now?

2 MILL CLOSE might now be worth an estimated £496,056.

This is based on house price inflation of 24%, between December 2017 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 24% inflationary increase is applied to the most recent sale price for 2 MILL CLOSE of £400,000 on 7th December 2017. For the value to have increased from £400,000 to £496,056 over the eight years and ten months to February 2025, the following assumptions must hold true:

• The value of 2 MILL CLOSE has moved in line with the HPI for detached houses in the Arun local authority area.
• The December 2017 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MILL CLOSE has not materially changed since December 2017.

How Large is 2 MILL CLOSE?

2 MILL CLOSE is 94m² according to the EPC inspection conducted in September 2017. This puts it in the smallest 40% of detached houses houses in Rustington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Rustington, and where 2 MILL CLOSE lies on this distribution: 36% of detached houses houses are smaller than 2 MILL CLOSE, and 63% of houses are larger. Note that EPC data is not available for all properties in Rustington.

2 MILL CLOSE: Plot and Title Map

2 MILL CLOSE sits on a plot of roughly 0.096 of an acre, or 387m². The below map shows the location of 2 MILL 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 MILL 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 MILL CLOSE?

2 MILL CLOSE is located in RUSTINGTON, in the BN16 postcode district. The below map shows the position of No. 2 on MILL CLOSE.