2, PARK CLOSE, WORTHING, BN14 9RR - £482,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 PARK CLOSE is a small extended detached house of 86m², built sometime between 1950 and 1966. It was last sold for £482,500 in August 2023, which was around 25% below the average August 2023 detached price in the Worthing local authority area. The most recent EPC inspection was February 2023, where the current energy rating was D, and the potential energy rating was C.

2 PARK CLOSE Sold Prices

Land registry data shows four sales for 2 PARK 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 Worthing local authority area for the corresponding sale date. All of the four 2 PARK 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
2023 16 AUG	£482,500	£642,381	25% below HPI
2016 7 DEC	£320,000	£480,104	33% below HPI
2003 20 JUN	£220,000	£276,052	20% below HPI
1995 5 SEP	£82,950	£96,742	14% below HPI

2 PARK CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Worthing local authority area over time, sourced from the HPI. The four 2 PARK CLOSE sales between September 1995 and August 2023 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 December 2016 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the August 2023 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 2 PARK CLOSE be worth now?

2 PARK CLOSE might now be worth an estimated £455,990.

This is based on house price deflation of 5.5%, between August 2023 and December 2024, for detached houses, in the Worthing local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.5% deflationary decrease is applied to the most recent sale price for 2 PARK CLOSE of £482,500 on 16th August 2023. For the value to have decreased from £482,500 to £455,990 over the eight months to December 2024, the following assumptions must hold true:

• The value of 2 PARK CLOSE has moved in line with the HPI for detached houses in the Worthing local authority area.
• The August 2023 sale price of £482,500 represented a fair market value for the property.
• The size, condition, and specification of 2 PARK CLOSE has not materially changed since August 2023.

How Large is 2 PARK CLOSE?

2 PARK CLOSE is 86m², which includes one extension, according to the EPC inspection conducted in February 2023. This puts it in the smallest 30% of detached houses houses in Worthing, based on EPC data. The below chart shows the distribution of detached houses houses by size in Worthing, and where 2 PARK CLOSE lies on this distribution: 21% of detached houses houses are smaller than 2 PARK CLOSE, and 78% of houses are larger. Note that EPC data is not available for all properties in Worthing.

2 PARK CLOSE: Plot and Title Map

2 PARK CLOSE sits on a plot of roughly 0.101 of an acre, or 410m². The below map shows the location of 2 PARK 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 PARK 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 PARK CLOSE?

2 PARK CLOSE is located in WORTHING, in the BN14 postcode district. The below map shows the position of No. 2 on PARK CLOSE.