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

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.

2A MONKS AVENUE is a small detached house of 84m², built sometime between 1950 and 1966, which could now be worth an estimated £417,256. It was last sold for £377,500 in April 2021, which was around 31% 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	£550,722	31% below HPI
2011 18 MAR	£226,000	£323,572	30% below HPI
2002 2 MAY	£143,000	£216,794	34% below HPI
2001 1 FEB	£120,000	£176,023	32% below HPI
1999 19 NOV	£99,700	£142,211	30% 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 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the April 2021 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 2A MONKS AVENUE be worth now?

2A MONKS AVENUE might now be worth an estimated £417,256.

This is based on house price inflation of 10.5%, between April 2021 and February 2025, 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 10.5% inflationary increase is applied to the most recent sale price for 2A MONKS AVENUE of £377,500 on 26th April 2021. For the value to have increased from £377,500 to £417,256 over the four years and two months to February 2025, the following assumptions must hold true:

• The value of 2A MONKS AVENUE has moved in line with the HPI for detached houses in the Adur local authority area.
• The April 2021 sale price of £377,500 represented a fair market value for the property.
• The size, condition, and specification of 2A MONKS AVENUE has not materially changed since April 2021.

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 houses in Lancing, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lancing, and where 2A MONKS AVENUE lies on this distribution: 32% of detached houses 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.