4, OCEAN DRIVE, FERRING, WORTHING, BN12 5QJ - £625,000

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

4 OCEAN DRIVE is a midsized extended detached house of 110m², built sometime between 1930 and 1949. It was last sold for £625,000 in February 2022, which was around 17% above the average February 2022 detached price in the Arun local authority area. The most recent EPC inspection was January 2016, where the current energy rating was D, and the potential energy rating was B.

4 OCEAN DRIVE Sold Prices

Land registry data shows three sales for 4 OCEAN DRIVE 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 4 OCEAN DRIVE 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 18 FEB	£625,000	£534,715	17% above HPI
2016 29 JUL	£473,500	£414,110	14% above HPI
2006 13 OCT	£288,000	£309,235	7% below HPI

4 OCEAN DRIVE 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 4 OCEAN DRIVE sales between October 2006 and February 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 July 2016 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the February 2022 sale, where it rises to 17% above the HPI. The line then continues to track at 17% above the HPI.

How Large is 4 OCEAN DRIVE?

4 OCEAN DRIVE is 110m², which includes two extensions, according to the EPC inspection conducted in January 2016. This puts it in the largest 50% of detached houses in Ferring, based on EPC data. The below chart shows the distribution of detached houses by size in Ferring, and where 4 OCEAN DRIVE lies on this distribution: 54% of detached houses are smaller than 4 OCEAN DRIVE, and 46% of houses are larger. Note that EPC data is not available for all properties in Ferring.

4 OCEAN DRIVE: Plot and Title Map

4 OCEAN DRIVE sits on a plot of roughly 0.101 of an acre, or 409m². The below map shows the location of 4 OCEAN DRIVE, 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 OCEAN DRIVE). 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 OCEAN DRIVE?

4 OCEAN DRIVE is located in FERRING, in the BN12 postcode district. The below map shows the position of No. 4 on OCEAN DRIVE.