24, MILL LANE, RUSTINGTON, LITTLEHAMPTON, BN16 3JN - £557,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

24 MILL LANE is a large detached house of 122m², built sometime between 1976 and 1982, which could now be worth an estimated £541,838. It was last sold for £557,500 in December 2022, which was around 6% below the average December 2022 detached price in the Arun local authority area. The most recent EPC inspection was November 2013, where the current energy rating was D, and the potential energy rating was C.

24 MILL LANE Sold Prices

Land registry data shows four sales for 24 MILL LANE 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 24 MILL LANE sales were for below the average price, and four 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
2022 15 DEC	£557,500	£591,318	6% below HPI
2014 20 JUN	£370,000	£363,149	2% above HPI
2003 8 DEC	£270,000	£275,847	2% below HPI
1997 22 JAN	£117,500	£106,759	10% above HPI

24 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 four 24 MILL LANE sales between January 1997 and December 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 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the December 2022 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 24 MILL LANE be worth now?

24 MILL LANE might now be worth an estimated £541,838.

This is based on house price deflation of 2.8%, between December 2022 and February 2025, for detached houses, in the Arun local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.8% deflationary decrease is applied to the most recent sale price for 24 MILL LANE of £557,500 on 15th December 2022. For the value to have decreased from £557,500 to £541,838 over the three years and ten months to February 2025, the following assumptions must hold true:

• The value of 24 MILL LANE has moved in line with the HPI for detached houses in the Arun local authority area.
• The December 2022 sale price of £557,500 represented a fair market value for the property.
• The size, condition, and specification of 24 MILL LANE has not materially changed since December 2022.

How Large is 24 MILL LANE?

24 MILL LANE is 122m² according to the EPC inspection conducted in November 2013. This puts it in the largest 40% of detached houses houses in Rustington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Rustington, and where 24 MILL LANE lies on this distribution: 65% of detached houses houses are smaller than 24 MILL LANE, and 35% of houses are larger. Note that EPC data is not available for all properties in Rustington.

24 MILL LANE: Plot and Title Map

24 MILL LANE sits on a plot of roughly 0.148 of an acre, or 599m². The below map shows the location of 24 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 24 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 24 MILL LANE?

24 MILL LANE is located in RUSTINGTON, in the BN16 postcode district. The below map shows the position of No. 24 on MILL LANE.