2, PARK LANE, SOUTHWICK, BRIGHTON, BN42 4DL - £575,000

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 PARK LANE is a large extended detached house of 128m², built sometime before 1900. It was last sold for £575,000 in August 2015, which was around 42% above the average August 2015 detached price in the Adur local authority area. The most recent EPC inspection was July 2014, where the current energy rating was F, and the potential energy rating was C.

2 PARK LANE Sold Prices

Land registry data shows three sales for 2 PARK LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Adur local authority area for the corresponding sale date. All of the three 2 PARK LANE 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
2015 6 AUG	£575,000	£403,651	42% above HPI
1998 26 MAR	£155,000	£108,690	43% above HPI
1995 23 NOV	£119,950	£83,696	43% above HPI

2 PARK LANE 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 three 2 PARK LANE sales between November 1995 and August 2015 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 March 1998 sale was for 43% above the HPI. So the extrapolation line tracks at 43% above the HPI over time, until the August 2015 sale, where it falls to 42% above the HPI. The line then continues to track at 42% above the HPI.

How Large is 2 PARK LANE?

2 PARK LANE is 128m², which includes two extensions, according to the EPC inspection conducted in July 2014. This puts it in the largest 30% of detached houses in Southwick, based on EPC data. The below chart shows the distribution of detached houses by size in Southwick, and where 2 PARK LANE lies on this distribution: 75% of detached houses are smaller than 2 PARK LANE, and 24% of houses are larger. Note that EPC data is not available for all properties in Southwick.

2 PARK LANE: Plot and Title Map

2 PARK LANE sits on a plot of roughly 0.109 of an acre, or 441m². The below map shows the location of 2 PARK LANE, 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 LANE). 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 LANE?

2 PARK LANE is located in SOUTHWICK, in the BN42 postcode district. The below map shows the position of No. 2 on PARK LANE.