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

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.

5 NORBURY CLOSE is a midsized detached house of 92m², built sometime between 1950 and 1966, which could now be worth an estimated £475,220. It was last sold for £485,000 in July 2023, which was around 22% 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. All of the three 5 NORBURY CLOSE 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 14 JUL	£485,000	£621,248	22% below HPI
2012 5 OCT	£285,000	£341,415	17% below HPI
1997 12 SEP	£111,500	£114,194	2% below 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 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the July 2023 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 5 NORBURY CLOSE be worth now?

5 NORBURY CLOSE might now be worth an estimated £475,220.

This is based on house price deflation of 2%, between July 2023 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 2% deflationary decrease is applied to the most recent sale price for 5 NORBURY CLOSE of £485,000 on 14th July 2023. For the value to have decreased from £485,000 to £475,220 over the two years and five months to February 2025, the following assumptions must hold true:

• The value of 5 NORBURY CLOSE has moved in line with the HPI for detached houses in the Adur local authority area.
• The July 2023 sale price of £485,000 represented a fair market value for the property.
• The size, condition, and specification of 5 NORBURY CLOSE has not materially changed since July 2023.

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 houses in Lancing, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lancing, and where 5 NORBURY CLOSE lies on this distribution: 42% of detached houses 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.