4, MONKS CLOSE, LANCING, BN15 9DD - £124,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

4 MONKS CLOSE is a very small detached house of 67m², built sometime between 1967 and 1975. It was last sold for £124,000 in August 2012, which was around 61% below the average August 2012 detached price in the Adur local authority area. The most recent EPC inspection was August 2012, where the current energy rating was C, and the potential energy rating was C.

4 MONKS CLOSE Sold Prices

Land registry data shows three sales for 4 MONKS CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Adur local authority area for the corresponding sale date. Two of the three 4 MONKS CLOSE sales were for below the average price, whilst one was for above 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
2012 30 AUG	£124,000	£321,533	61% below HPI
2009 28 JUL	£280,000	£269,198	4% above HPI
2007 27 NOV	£299,950	£329,534	9% below HPI

4 MONKS CLOSE 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 three 4 MONKS CLOSE sales between November 2007 and August 2012 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 July 2009 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the August 2012 sale, where it falls to 61% below the HPI. The line then continues to track at 61% below the HPI.

How Large is 4 MONKS CLOSE?

4 MONKS CLOSE is 67m² according to the EPC inspection conducted in August 2012. This puts it in the smallest 10% of detached houses in Lancing, based on EPC data. The below chart shows the distribution of detached houses by size in Lancing, and where 4 MONKS CLOSE lies on this distribution: 9% of detached houses are smaller than 4 MONKS CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Lancing.

4 MONKS CLOSE: Plot and Title Map

4 MONKS CLOSE sits on a plot of roughly 0.060 of an acre, or 241m². The below map shows the location of 4 MONKS 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 4 MONKS 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 4 MONKS CLOSE?

4 MONKS CLOSE is located in LANCING, in the BN15 postcode district. The below map shows the position of No. 4 on MONKS CLOSE.