5, STEEP CLOSE, FINDON, WORTHING, BN14 0TD - £525,000

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 STEEP CLOSE is a midsized extended detached house of 110m², built sometime between 1950 and 1966. It was last sold for £525,000 in September 2021, which was around 5% above the average September 2021 detached price in the Arun local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was C.

5 STEEP CLOSE Sold Prices

Land registry data shows four sales for 5 STEEP CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Arun local authority area for the corresponding sale date. two of the four 5 STEEP CLOSE sales were for above the average price, and four 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
2021 27 SEP	£525,000	£499,148	5% above HPI
2018 29 JUN	£405,000	£453,272	11% below HPI
2005 28 APR	£299,000	£283,641	5% above HPI
1995 15 DEC	£66,000	£93,805	30% below HPI

5 STEEP CLOSE 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 four 5 STEEP CLOSE sales between December 1995 and September 2021 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 2018 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the September 2021 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

How Large is 5 STEEP CLOSE?

5 STEEP CLOSE is 110m², which includes two extensions, according to the EPC inspection conducted in March 2018. This puts it in the smallest 50% of detached houses in Findon, based on EPC data. The below chart shows the distribution of detached houses by size in Findon, and where 5 STEEP CLOSE lies on this distribution: 49% of detached houses are smaller than 5 STEEP CLOSE, and 50% of houses are larger. Note that EPC data is not available for all properties in Findon.

5 STEEP CLOSE: Plot and Title Map

5 STEEP CLOSE sits on a plot of roughly 0.136 of an acre, or 552m². The below map shows the location of 5 STEEP 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 STEEP 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 STEEP CLOSE?

5 STEEP CLOSE is located in FINDON, in the BN14 postcode district. The below map shows the position of No. 5 on STEEP CLOSE.