24, THE DRIVE, LANCING, BN15 8PS - £460,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

24 THE DRIVE is a small detached house of 86m², built sometime between 1967 and 1975. It was last sold for £460,000 in March 2024, which was around 16% below the average March 2024 detached price in the Adur local authority area. The most recent EPC inspection was November 2023, where the current energy rating was D, and the potential energy rating was B.

24 THE DRIVE Sold Prices

Land registry data shows three sales for 24 THE DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Adur local authority area for the corresponding sale date. All of the three 24 THE DRIVE 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
2024 25 MAR	£460,000	£546,155	16% below HPI
2007 9 MAR	£255,000	£293,726	13% below HPI
2005 28 JAN	£237,000	£271,271	13% below HPI

24 THE DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Adur local authority area over time, sourced from the HPI. The three 24 THE DRIVE sales between January 2005 and March 2024 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 March 2007 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the March 2024 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 24 THE DRIVE?

24 THE DRIVE is 86m² according to the EPC inspection conducted in November 2023. This puts it in the smallest 40% of detached houses in Lancing, based on EPC data. The below chart shows the distribution of detached houses by size in Lancing, and where 24 THE DRIVE lies on this distribution: 35% of detached houses are smaller than 24 THE DRIVE, and 65% of houses are larger. Note that EPC data is not available for all properties in Lancing.

24 THE DRIVE: Plot and Title Map

24 THE DRIVE sits on a plot of roughly 0.096 of an acre, or 390m². The below map shows the location of 24 THE DRIVE, 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 THE DRIVE). 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 THE DRIVE?

24 THE DRIVE is located in LANCING, in the BN15 postcode district. The below map shows the position of No. 24 on THE DRIVE.