23, SOMERSET ROAD, FERRING, WORTHING, BN12 5QA - £625,000

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 SOMERSET ROAD is a small detached house of 86m², built sometime between 1950 and 1966. It was last sold for £625,000 in November 2021, which was around 19% above the average November 2021 detached price in the Arun local authority area. The most recent EPC inspection was October 2015, where the current energy rating was D, and the potential energy rating was B.

23 SOMERSET ROAD Sold Prices

Land registry data shows four sales for 23 SOMERSET ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Arun local authority area for the corresponding sale date. two of the four 23 SOMERSET ROAD sales were for above the average price, and four 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 4 NOV	£625,000	£523,042	19% above HPI
2018 28 SEP	£475,000	£462,060	3% above HPI
2015 31 JUL	£365,500	£388,324	6% below HPI
2002 18 DEC	£107,000	£245,528	56% below HPI

23 SOMERSET ROAD 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 four 23 SOMERSET ROAD sales between December 2002 and November 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 September 2018 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the November 2021 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

How Large is 23 SOMERSET ROAD?

23 SOMERSET ROAD is 86m² according to the EPC inspection conducted in October 2015. This puts it in the smallest 30% of detached houses in Ferring, based on EPC data. The below chart shows the distribution of detached houses by size in Ferring, and where 23 SOMERSET ROAD lies on this distribution: 26% of detached houses are smaller than 23 SOMERSET ROAD, and 72% of houses are larger. Note that EPC data is not available for all properties in Ferring.

23 SOMERSET ROAD: Plot and Title Map

23 SOMERSET ROAD sits on a plot of roughly 0.115 of an acre, or 467m². The below map shows the location of 23 SOMERSET 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 23 SOMERSET 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 23 SOMERSET ROAD?

23 SOMERSET ROAD is located in FERRING, in the BN12 postcode district. The below map shows the position of No. 23 on SOMERSET ROAD.