3, REES CLOSE, WORTHING, BN13 3ST - £130,000

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 REES CLOSE is a small extended detached house of 91m², built sometime between 1991 and 1995. It was last sold for £130,000 in August 2002, which was around 46% below the average August 2002 detached price in the Worthing local authority area. The most recent EPC inspection was July 2022, where the current energy rating was C, and the potential energy rating was B.

3 REES CLOSE Sold Prices

Land registry data shows four sales for 3 REES CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Worthing local authority area for the corresponding sale date. All of the four 3 REES CLOSE 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
2002 30 AUG	£130,000	£240,957	46% below HPI
2001 5 OCT	£111,500	£212,909	48% below HPI
2001 1 FEB	£108,000	£183,816	41% below HPI
1999 14 JUL	£76,995	£140,574	45% below HPI

3 REES CLOSE 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 four 3 REES CLOSE sales between July 1999 and August 2002 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 October 2001 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the August 2002 sale, where it rises to 46% below the HPI. The line then continues to track at 46% below the HPI.

What might 3 REES CLOSE be worth now?

3 REES CLOSE might now be worth an estimated £327,532.

This is based on house price inflation of 151.9%, between August 2002 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 151.9% inflationary increase is applied to the most recent sale price for 3 REES CLOSE of £130,000 on 30th August 2002. For the value to have increased from £130,000 to £327,532 over the 21 years and eight months to December 2024, the following assumptions must hold true:

• The value of 3 REES CLOSE has moved in line with the HPI for detached houses in the Worthing local authority area.
• The August 2002 sale price of £130,000 represented a fair market value for the property.
• The size, condition, and specification of 3 REES CLOSE has not materially changed since August 2002.

How Large is 3 REES CLOSE?

3 REES CLOSE is 91m², which includes one extension, according to the EPC inspection conducted in July 2022. This puts it in the smallest 30% 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 REES CLOSE lies on this distribution: 28% of detached houses houses are smaller than 3 REES CLOSE, and 72% of houses are larger. Note that EPC data is not available for all properties in Worthing.

3 REES CLOSE: Plot and Title Map

3 REES CLOSE sits on a plot of roughly 0.042 of an acre, or 171m². The below map shows the location of 3 REES CLOSE, 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 REES CLOSE). 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 REES CLOSE?

3 REES CLOSE is located in WORTHING, in the BN13 postcode district. The below map shows the position of No. 3 on REES CLOSE.