22, MILL LANE, RUSTINGTON, LITTLEHAMPTON, BN16 3EG - £450,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

22 MILL LANE is a midsized extended semi-detached house of 105m², built sometime between 2007 and 2011. It was last sold for £450,000 in September 2021, which was around 10% below the average September 2021 detached price in the Arun local authority area. The most recent EPC inspection was March 2023, where the current energy rating was C, and the potential energy rating was B.

22 MILL LANE Sold Prices

Land registry data shows three sales for 22 MILL 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 Arun local authority area for the corresponding sale date. All of the three 22 MILL LANE 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
2021 29 SEP	£450,000	£499,148	10% below HPI
2013 31 JUL	£249,000	£331,823	25% below HPI
2007 14 NOV	£250,000	£345,360	28% below HPI

22 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Arun local authority area over time, sourced from the HPI. The three 22 MILL LANE sales between November 2007 and September 2021 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 July 2013 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the September 2021 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 22 MILL LANE?

22 MILL LANE is 105m², which includes one extension, according to the EPC inspection conducted in March 2023. This puts it in the smallest 50% of detached houses in Rustington, based on EPC data. The below chart shows the distribution of detached houses by size in Rustington, and where 22 MILL LANE lies on this distribution: 48% of detached houses are smaller than 22 MILL LANE, and 51% of houses are larger. Note that EPC data is not available for all properties in Rustington.

22 MILL LANE: Plot and Title Map

22 MILL LANE sits on a plot of roughly 0.083 of an acre, or 338m². The below map shows the location of 22 MILL 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 22 MILL 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 22 MILL LANE?

22 MILL LANE is located in RUSTINGTON, in the BN16 postcode district. The below map shows the position of No. 22 on MILL LANE.