2, RING ROAD, LANCING, BN15 0QF - £874,500

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 RING ROAD is a very large extended detached house of 227m². It was last sold for £874,500 in July 2019, which was around 79% above the average July 2019 detached price in the Adur 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 RING ROAD Sold Prices

Land registry data shows two sales for 2 RING ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Adur local authority area for the corresponding sale date. Both of the two 2 RING ROAD 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
2019 19 JUL	£874,500	£488,610	79% above HPI
2013 14 AUG	£325,000	£321,834	1% above HPI

2 RING 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 two 2 RING ROAD sales from August 2013 and July 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 August 2013 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the July 2019 sale, where it rises to 79% above the HPI. The line then continues to track at 79% above the HPI.

How Large is 2 RING ROAD?

2 RING ROAD is 227m², which includes three extensions, according to the EPC inspection conducted in September 2017. This puts it in the largest 10% 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 RING ROAD lies on this distribution: 98% of detached houses are smaller than 2 RING ROAD, and 2% of houses are larger. Note that EPC data is not available for all properties in Lancing.

2 RING ROAD: Plot and Title Map

2 RING ROAD sits on a plot of roughly 0.208 of an acre, or 843m². The below map shows the location of 2 RING 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 RING 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 RING ROAD?

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