23, MILL LANE, RUSTINGTON, LITTLEHAMPTON, BN16 3ED - £495,000

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

23 MILL LANE is a midsized extended detached house of 115m², built sometime between 1900 and 1929. It was last sold for £495,000 in February 2020, which was around 9% above the average February 2020 detached price in the Arun local authority area. The most recent EPC inspection was May 2019, where the current energy rating was E, and the potential energy rating was D.

23 MILL LANE Sold Prices

Land registry data shows three sales for 23 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 23 MILL LANE 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
2020 27 FEB	£495,000	£453,354	9% above HPI
2004 8 JAN	£300,000	£269,467	11% above HPI
1998 9 JAN	£137,000	£117,666	16% above HPI

23 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 23 MILL LANE sales between January 1998 and February 2020 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 January 2004 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the February 2020 sale, where it falls to 9% above the HPI. The line then continues to track at 9% above the HPI.

How Large is 23 MILL LANE?

23 MILL LANE is 115m², which includes one extension, according to the EPC inspection conducted in May 2019. This puts it in the largest 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 23 MILL LANE lies on this distribution: 58% of detached houses are smaller than 23 MILL LANE, and 40% of houses are larger. Note that EPC data is not available for all properties in Rustington.

23 MILL LANE: Plot and Title Map

23 MILL LANE sits on a plot of roughly 0.149 of an acre, or 601m². The below map shows the location of 23 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 23 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 23 MILL LANE?

23 MILL LANE is located in RUSTINGTON, in the BN16 postcode district. The below map shows the position of No. 23 on MILL LANE.