3, MARKET PLACE, TARRING, WORTHING, BN14 7JP - £315,000

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

3 MARKET PLACE is a very small detached house of 71m², built sometime between 2003 and 2006. It was last sold for £315,000 in January 2020, which was around 39% below the average January 2020 detached price in the Worthing local authority area. The most recent EPC inspection was April 2024, where the current energy rating was D, and the potential energy rating was B.

3 MARKET PLACE Sold Prices

Land registry data shows three sales for 3 MARKET PLACE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Worthing local authority area for the corresponding sale date. All of the three 3 MARKET PLACE 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 24 JAN	£315,000	£520,204	39% below HPI
2018 30 MAY	£295,000	£507,711	42% below HPI
2014 1 MAY	£245,000	£376,405	35% below HPI

3 MARKET PLACE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Worthing local authority area over time, sourced from the HPI. The three 3 MARKET PLACE sales between May 2014 and January 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 May 2018 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the January 2020 sale, where it rises to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might 3 MARKET PLACE be worth now?

3 MARKET PLACE might now be worth an estimated £367,610.

This is based on house price inflation of 16.7%, between January 2020 and December 2024, for detached houses, in the Worthing local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 16.7% inflationary increase is applied to the most recent sale price for 3 MARKET PLACE of £315,000 on 24th January 2020. For the value to have increased from £315,000 to £367,610 over the three years and one month to December 2024, the following assumptions must hold true:

• The value of 3 MARKET PLACE has moved in line with the HPI for detached houses in the Worthing local authority area.
• The January 2020 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MARKET PLACE has not materially changed since January 2020.

How Large is 3 MARKET PLACE?

3 MARKET PLACE is 71m² according to the EPC inspection conducted in April 2024. This puts it in the smallest 10% of detached houses houses in Worthing, based on EPC data. The below chart shows the distribution of detached houses houses by size in Worthing, and where 3 MARKET PLACE lies on this distribution: 7% of detached houses houses are smaller than 3 MARKET PLACE, and 92% of houses are larger. Note that EPC data is not available for all properties in Worthing.

3 MARKET PLACE: Plot and Title Map

3 MARKET PLACE sits on a plot of roughly 0.051 of an acre, or 206m². The below map shows the location of 3 MARKET PLACE, 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 MARKET PLACE). 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 MARKET PLACE?

3 MARKET PLACE is located in TARRING, in the BN14 postcode district. The below map shows the position of No. 3 on MARKET PLACE.