2, SPEY CLOSE, WORTHING, BN13 3LT - £482,500

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 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 22% 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	£620,568	22% below HPI
2014 20 JUN	£305,000	£371,158	18% 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 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the April 2022 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

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 in Worthing, based on EPC data. The below chart shows the distribution of detached houses by size in Worthing, and where 2 SPEY CLOSE lies on this distribution: 46% of detached 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.