2, NORTH FARM ROAD, LANCING, BN15 9BS - £450,000

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 NORTH FARM ROAD is a very large extended detached house of 150m², built sometime between 1930 and 1949. It was last sold for £450,000 in December 2020, which was around 12% below the average December 2020 detached price in the Adur local authority area. The most recent EPC inspection was December 2015, where the current energy rating was D, and the potential energy rating was C.

2 NORTH FARM ROAD Sold Prices

Land registry data shows four sales for 2 NORTH FARM ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Adur local authority area for the corresponding sale date. All of the four 2 NORTH FARM ROAD 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
2020 10 DEC	£450,000	£511,461	12% below HPI
2014 9 MAY	£284,000	£355,501	20% below HPI
2005 16 FEB	£245,000	£259,424	6% below HPI
1998 3 NOV	£102,000	£117,033	13% below HPI

2 NORTH FARM ROAD 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 four 2 NORTH FARM ROAD sales between November 1998 and December 2020 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 2014 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the December 2020 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 2 NORTH FARM ROAD?

2 NORTH FARM ROAD is 150m², which includes two extensions, according to the EPC inspection conducted in December 2015. This puts it in the largest 20% 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 NORTH FARM ROAD lies on this distribution: 84% of detached houses are smaller than 2 NORTH FARM ROAD, and 16% of houses are larger. Note that EPC data is not available for all properties in Lancing.

2 NORTH FARM ROAD: Plot and Title Map

2 NORTH FARM ROAD sits on a plot of roughly 0.163 of an acre, or 659m². The below map shows the location of 2 NORTH FARM ROAD, 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 NORTH FARM ROAD). 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 NORTH FARM ROAD?

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