5, NORBURY CLOSE, LANCING, BN15 0QL - £485,000

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

5 NORBURY CLOSE is a midsized detached house of 92m², built sometime between 1950 and 1966. It was last sold for £485,000 in July 2023, which was around 16% below the average July 2023 detached price in the Adur local authority area. The most recent EPC inspection was March 2023, where the current energy rating was D, and the potential energy rating was C.

5 NORBURY CLOSE Sold Prices

Land registry data shows three sales for 5 NORBURY 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 5 NORBURY 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
2023 14 JUL	£485,000	£574,349	16% below HPI
2012 5 OCT	£285,000	£315,641	10% below HPI
1997 12 SEP	£111,500	£105,573	6% above HPI

5 NORBURY 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 5 NORBURY CLOSE sales between September 1997 and July 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 October 2012 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the July 2023 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 5 NORBURY CLOSE?

5 NORBURY CLOSE is 92m² according to the EPC inspection conducted in March 2023. This puts it in the smallest 50% of detached houses in Lancing, based on EPC data. The below chart shows the distribution of detached houses by size in Lancing, and where 5 NORBURY CLOSE lies on this distribution: 42% of detached houses are smaller than 5 NORBURY CLOSE, and 58% of houses are larger. Note that EPC data is not available for all properties in Lancing.

5 NORBURY CLOSE: Plot and Title Map

5 NORBURY CLOSE sits on a plot of roughly 0.110 of an acre, or 445m². The below map shows the location of 5 NORBURY 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 5 NORBURY 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 5 NORBURY CLOSE?

5 NORBURY CLOSE is located in LANCING, in the BN15 postcode district. The below map shows the position of No. 5 on NORBURY CLOSE.