3, GRAND AVENUE, LANCING, BN15 9PS - £355,000

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

3 GRAND AVENUE is a midsized extended semi-detached house of 106m², built sometime between 1930 and 1949. It was last sold for £355,000 in November 2020, which was around 30% below the average November 2020 detached price in the Adur local authority area. The most recent EPC inspection was September 2015, where the current energy rating was C, and the potential energy rating was B.

3 GRAND AVENUE Sold Prices

Land registry data shows four sales for 3 GRAND AVENUE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Adur local authority area for the corresponding sale date. All of the four 3 GRAND 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
2020 13 NOV	£355,000	£507,796	30% below HPI
2015 11 DEC	£290,000	£419,180	31% below HPI
2002 19 DEC	£163,500	£218,010	25% below HPI
2000 21 JUL	£105,000	£158,321	34% below HPI

3 GRAND 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 four 3 GRAND AVENUE sales between July 2000 and November 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 2015 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the November 2020 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 3 GRAND AVENUE?

3 GRAND AVENUE is 106m², which includes one extension, according to the EPC inspection conducted in September 2015. This puts it in the largest 50% of detached houses in Lancing, based on EPC data. The below chart shows the distribution of detached houses by size in Lancing, and where 3 GRAND AVENUE lies on this distribution: 56% of detached houses are smaller than 3 GRAND AVENUE, and 44% of houses are larger. Note that EPC data is not available for all properties in Lancing.

3 GRAND AVENUE: Plot and Title Map

3 GRAND AVENUE sits on a plot of roughly 0.049 of an acre, or 199m². The below map shows the location of 3 GRAND 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 3 GRAND 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 3 GRAND AVENUE?

3 GRAND AVENUE is located in LANCING, in the BN15 postcode district. The below map shows the position of No. 3 on GRAND AVENUE.