2, SPEY CLOSE, WORTHING, BN13 3LT - £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 SPEY CLOSE is a midsized extended detached house of 110m², built sometime between 1967 and 1975. It was last sold for £482,500 in April 2022, which was around 25% below the average April 2022 detached price in the Worthing local authority area. The most recent EPC inspection was March 2014, where the current energy rating was D, and the potential energy rating was B.

2 SPEY CLOSE Sold Prices

Land registry data shows two sales for 2 SPEY CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Worthing local authority area for the corresponding sale date. Both of the two 2 SPEY 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
2022 8 APR	£482,500	£645,135	25% below HPI
2014 20 JUN	£305,000	£385,851	21% below HPI

2 SPEY 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 two 2 SPEY CLOSE sales from June 2014 and April 2022 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 June 2014 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the April 2022 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 2 SPEY CLOSE be worth now?

2 SPEY CLOSE might now be worth an estimated £454,043.

This is based on house price deflation of 5.9%, between April 2022 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 5.9% deflationary decrease is applied to the most recent sale price for 2 SPEY CLOSE of £482,500 on 8th April 2022. For the value to have decreased from £482,500 to £454,043 over the one year and four months to December 2024, the following assumptions must hold true:

• The value of 2 SPEY CLOSE has moved in line with the HPI for detached houses in the Worthing local authority area.
• The April 2022 sale price of £482,500 represented a fair market value for the property.
• The size, condition, and specification of 2 SPEY CLOSE has not materially changed since April 2022.

How Large is 2 SPEY CLOSE?

2 SPEY CLOSE is 110m², which includes one extension, according to the EPC inspection conducted in March 2014. This puts it in the smallest 50% 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 SPEY CLOSE lies on this distribution: 46% of detached houses houses are smaller than 2 SPEY CLOSE, and 53% of houses are larger. Note that EPC data is not available for all properties in Worthing.

2 SPEY CLOSE: Plot and Title Map

2 SPEY CLOSE sits on a plot of roughly 0.118 of an acre, or 479m². The below map shows the location of 2 SPEY 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 SPEY 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 SPEY CLOSE?

2 SPEY CLOSE is located in WORTHING, in the BN13 postcode district. The below map shows the position of No. 2 on SPEY CLOSE.