48, RING ROAD, LANCING, BN15 0QE - £450,000

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.

48 RING ROAD is a large extended detached house of 119m², built sometime between 1930 and 1949, which could now be worth an estimated £666,975. It was last sold for £450,000 in February 2015, which was around 10% above the average February 2015 detached price in the Adur local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was B.

48 RING ROAD Sold Prices

Land registry data shows two sales for 48 RING ROAD 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 48 RING ROAD sales were 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
2015 2 FEB	£450,000	£410,696	10% above HPI
2005 9 FEB	£310,000	£280,607	10% above HPI

48 RING ROAD 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 48 RING ROAD sales from February 2005 and February 2015 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 February 2005 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the February 2015 sale, which was also at 10% above the HPI.

What might 48 RING ROAD be worth now?

48 RING ROAD might now be worth an estimated £666,975.

This is based on house price inflation of 48.2%, between February 2015 and February 2025, for detached houses, in the Adur local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 48.2% inflationary increase is applied to the most recent sale price for 48 RING ROAD of £450,000 on 2nd February 2015. For the value to have increased from £450,000 to £666,975 over the ten years to February 2025, the following assumptions must hold true:

• The value of 48 RING ROAD has moved in line with the HPI for detached houses in the Adur local authority area.
• The February 2015 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of 48 RING ROAD has not materially changed since February 2015.

How Large is 48 RING ROAD?

48 RING ROAD is 119m², which includes one extension, according to the EPC inspection conducted in August 2014. This puts it in the largest 40% of detached houses houses in Lancing, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lancing, and where 48 RING ROAD lies on this distribution: 65% of detached houses houses are smaller than 48 RING ROAD, and 35% of houses are larger. Note that EPC data is not available for all properties in Lancing.

48 RING ROAD: Plot and Title Map

48 RING ROAD sits on a plot of roughly 0.111 of an acre, or 448m². The below map shows the location of 48 RING 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 48 RING 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 48 RING ROAD?

48 RING ROAD is located in LANCING, in the BN15 postcode district. The below map shows the position of No. 48 on RING ROAD.