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

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 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 44% 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	£231,782	44% below HPI
2001 5 OCT	£111,500	£204,801	46% below HPI
2001 1 FEB	£108,000	£176,816	39% below HPI
1999 14 JUL	£76,995	£135,221	43% 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 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the August 2002 sale, where it rises to 44% below the HPI. The line then continues to track at 44% below the HPI.

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 in Worthing, based on EPC data. The below chart shows the distribution of detached houses by size in Worthing, and where 3 REES CLOSE lies on this distribution: 28% of detached houses are smaller than 3 REES CLOSE, and 71% 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.