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

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

24 MILL LANE is a large detached house of 122m², built sometime between 1976 and 1982. It was last sold for £557,500 in December 2022, which was around 2% 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. Most of the four 24 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
2022 15 DEC	£557,500	£569,985	2% below HPI
2014 20 JUN	£370,000	£350,047	6% above HPI
2003 8 DEC	£270,000	£265,895	2% above HPI
1997 22 JAN	£117,500	£102,907	14% 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 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the December 2022 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

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 in Rustington, based on EPC data. The below chart shows the distribution of detached houses by size in Rustington, and where 24 MILL LANE lies on this distribution: 65% of detached 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.