2A, MONKS AVENUE, LANCING, BN15 9DJ - £377,500

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

2A MONKS AVENUE is a small detached house of 84m², built sometime between 1950 and 1966. It was last sold for £377,500 in April 2021, which was around 26% below the average April 2021 detached price in the Adur local authority area. The most recent EPC inspection was February 2017, where the current energy rating was E, and the potential energy rating was C.

2A MONKS AVENUE Sold Prices

Land registry data shows five sales for 2A MONKS AVENUE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Adur local authority area for the corresponding sale date. All of the five 2A MONKS AVENUE 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
2021 26 APR	£377,500	£509,147	26% below HPI
2011 18 MAR	£226,000	£299,145	24% below HPI
2002 2 MAY	£143,000	£200,428	29% below HPI
2001 1 FEB	£120,000	£162,734	26% below HPI
1999 19 NOV	£99,700	£131,476	24% below HPI

2A MONKS AVENUE 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 five 2A MONKS AVENUE sales between November 1999 and April 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 March 2011 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the April 2021 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 2A MONKS AVENUE?

2A MONKS AVENUE is 84m² according to the EPC inspection conducted in February 2017. 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 2A MONKS AVENUE lies on this distribution: 32% of detached houses are smaller than 2A MONKS AVENUE, and 67% of houses are larger. Note that EPC data is not available for all properties in Lancing.

2A MONKS AVENUE: Plot and Title Map

2A MONKS AVENUE sits on a plot of roughly 0.141 of an acre, or 569m². The below map shows the location of 2A MONKS AVENUE, 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 2A MONKS AVENUE). 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 2A MONKS AVENUE?

2A MONKS AVENUE is located in LANCING, in the BN15 postcode district. The below map shows the position of No. 2A on MONKS AVENUE.