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

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 RING ROAD is a very large extended detached house of 227m², which could now be worth an estimated £1,007,223. It was last sold for £874,500 in July 2019, which was around 65% 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. One of the two 2 RING ROAD sales was for above the average price, whilst the other was 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
2019 19 JUL	£874,500	£528,508	65% above HPI
2013 14 AUG	£325,000	£348,114	7% below 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 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the July 2019 sale, where it rises to 65% above the HPI. The line then continues to track at 65% above the HPI.

What might 2 RING ROAD be worth now?

2 RING ROAD might now be worth an estimated £1,007,223.

This is based on house price inflation of 15.2%, between July 2019 and February 2025, for detached houses, in the Adur local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 15.2% inflationary increase is applied to the most recent sale price for 2 RING ROAD of £874,500 on 19th July 2019. For the value to have increased from £874,500 to £1,007,223 over the six years and five months to February 2025, the following assumptions must hold true:

• The value of 2 RING ROAD has moved in line with the HPI for detached houses in the Adur local authority area.
• The July 2019 sale price of £874,500 represented a fair market value for the property.
• The size, condition, and specification of 2 RING ROAD has not materially changed since July 2019.

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 houses in Lancing, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lancing, and where 2 RING ROAD lies on this distribution: 99% of detached houses houses are smaller than 2 RING ROAD, and 1% 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.