2A, THE GROVE, FERRING, WORTHING, BN12 5JA - £488,000

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 THE GROVE is a small extended detached house of 82m², built sometime between 1950 and 1966, which could now be worth an estimated £558,501. It was last sold for £488,000 in December 2020, which was around 3% below the average December 2020 detached price in the Arun local authority area. The most recent EPC inspection was January 2020, where the current energy rating was C, and the potential energy rating was B.

2A THE GROVE Sold Prices

Land registry data shows two sales for 2A THE GROVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Arun local authority area for the corresponding sale date. Both of the two 2A THE GROVE 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
2020 21 DEC	£488,000	£502,159	3% below HPI
2018 20 DEC	£410,000	£476,849	14% below HPI

2A THE GROVE 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 two 2A THE GROVE sales from December 2018 and December 2020 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 December 2018 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the December 2020 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 2A THE GROVE be worth now?

2A THE GROVE might now be worth an estimated £558,501.

This is based on house price inflation of 14.4%, between December 2020 and February 2025, for detached houses, in the Arun local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.4% inflationary increase is applied to the most recent sale price for 2A THE GROVE of £488,000 on 21st December 2020. For the value to have increased from £488,000 to £558,501 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of 2A THE GROVE has moved in line with the HPI for detached houses in the Arun local authority area.
• The December 2020 sale price of £488,000 represented a fair market value for the property.
• The size, condition, and specification of 2A THE GROVE has not materially changed since December 2020.

How Large is 2A THE GROVE?

2A THE GROVE is 82m², which includes two extensions, according to the EPC inspection conducted in January 2020. This puts it in the smallest 30% of detached houses houses in Ferring, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ferring, and where 2A THE GROVE lies on this distribution: 21% of detached houses houses are smaller than 2A THE GROVE, and 78% of houses are larger. Note that EPC data is not available for all properties in Ferring.

2A THE GROVE: Plot and Title Map

2A THE GROVE sits on a plot of roughly 0.060 of an acre, or 244m². The below map shows the location of 2A THE GROVE, 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 THE GROVE). 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 THE GROVE?

2A THE GROVE is located in FERRING, in the BN12 postcode district. The below map shows the position of No. 2A on THE GROVE.