38, SOMERSET ROAD, FERRING, WORTHING, BN12 5QA - £585,000

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.

38 SOMERSET ROAD is a midsized detached house of 116m², built sometime between 1967 and 1975, which could now be worth an estimated £603,651. It was last sold for £585,000 in April 2022, which was around 5% above the average April 2022 detached price in the Arun local authority area. The most recent EPC inspection was September 2021, where the current energy rating was E, and the potential energy rating was C.

38 SOMERSET ROAD Sold Prices

Land registry data shows three sales for 38 SOMERSET ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Arun local authority area for the corresponding sale date. Two of the three 38 SOMERSET ROAD sales were for above the average price, whilst one was 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
2022 7 APR	£585,000	£556,949	5% above HPI
2003 28 JAN	£285,000	£261,864	9% above HPI
1997 10 NOV	£106,000	£123,156	14% below HPI

38 SOMERSET ROAD 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 three 38 SOMERSET ROAD sales between November 1997 and April 2022 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 January 2003 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the April 2022 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 38 SOMERSET ROAD be worth now?

38 SOMERSET ROAD might now be worth an estimated £603,651.

This is based on house price inflation of 3.2%, between April 2022 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 3.2% inflationary increase is applied to the most recent sale price for 38 SOMERSET ROAD of £585,000 on 7th April 2022. For the value to have increased from £585,000 to £603,651 over the three years and two months to February 2025, the following assumptions must hold true:

• The value of 38 SOMERSET ROAD has moved in line with the HPI for detached houses in the Arun local authority area.
• The April 2022 sale price of £585,000 represented a fair market value for the property.
• The size, condition, and specification of 38 SOMERSET ROAD has not materially changed since April 2022.

How Large is 38 SOMERSET ROAD?

38 SOMERSET ROAD is 116m² according to the EPC inspection conducted in September 2021. This puts it in the largest 50% 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 38 SOMERSET ROAD lies on this distribution: 58% of detached houses houses are smaller than 38 SOMERSET ROAD, and 42% of houses are larger. Note that EPC data is not available for all properties in Ferring.

38 SOMERSET ROAD: Plot and Title Map

38 SOMERSET ROAD sits on a plot of roughly 0.071 of an acre, or 288m². The below map shows the location of 38 SOMERSET ROAD, 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 38 SOMERSET ROAD). 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 38 SOMERSET ROAD?

38 SOMERSET ROAD is located in FERRING, in the BN12 postcode district. The below map shows the position of No. 38 on SOMERSET ROAD.