43, THE DRIVE, LANCING, BN15 8PS - £335,000

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

43 THE DRIVE is a very small detached house of 58m², built sometime between 1967 and 1975. It was last sold for £335,000 in November 2023, which was around 42% below the average November 2023 detached price in the Adur local authority area. The most recent EPC inspection was August 2022, where the current energy rating was D, and the potential energy rating was B.

43 THE DRIVE Sold Prices

Land registry data shows two sales for 43 THE DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Adur local authority area for the corresponding sale date. Both of the two 43 THE DRIVE 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
2023 30 NOV	£335,000	£579,342	42% below HPI
1999 17 JUN	£110,000	£123,412	11% below HPI

43 THE DRIVE 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 two 43 THE DRIVE sales from June 1999 and November 2023 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 June 1999 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the November 2023 sale, where it falls to 42% below the HPI. The line then continues to track at 42% below the HPI.

How Large is 43 THE DRIVE?

43 THE DRIVE is 58m² according to the EPC inspection conducted in August 2022. 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 43 THE DRIVE lies on this distribution: 2% of detached houses are smaller than 43 THE DRIVE, and 98% of houses are larger. Note that EPC data is not available for all properties in Lancing.

43 THE DRIVE: Plot and Title Map

43 THE DRIVE sits on a plot of roughly 0.094 of an acre, or 379m². The below map shows the location of 43 THE 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 43 THE 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 43 THE DRIVE?

43 THE DRIVE is located in LANCING, in the BN15 postcode district. The below map shows the position of No. 43 on THE DRIVE.