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

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

24 THE DRIVE is a small detached house of 86m², built sometime between 1967 and 1975, which could now be worth an estimated £494,709. It was last sold for £460,000 in March 2024, which was around 21% 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	£583,719	21% below HPI
2007 9 MAR	£255,000	£317,711	20% below HPI
2005 28 JAN	£237,000	£293,422	19% 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 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the March 2024 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 24 THE DRIVE be worth now?

24 THE DRIVE might now be worth an estimated £494,709.

This is based on house price inflation of 7.5%, between March 2024 and December 2024, for detached houses, in the Adur local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 7.5% inflationary increase is applied to the most recent sale price for 24 THE DRIVE of £460,000 on 25th March 2024. For the value to have increased from £460,000 to £494,709 over the three months to December 2024, the following assumptions must hold true:

• The value of 24 THE DRIVE has moved in line with the HPI for detached houses in the Adur local authority area.
• The March 2024 sale price of £460,000 represented a fair market value for the property.
• The size, condition, and specification of 24 THE DRIVE has not materially changed since March 2024.

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 houses in Lancing, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lancing, and where 24 THE DRIVE lies on this distribution: 35% of detached houses houses are smaller than 24 THE DRIVE, and 64% 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.