5, STEEP LANE, FINDON, WORTHING, BN14 0UF - £382,500

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 LANE is a very small detached house of 79m², built sometime between 1950 and 1966. It was last sold for £382,500 in October 2017, which was around 14% below the average October 2017 detached price in the Arun local authority area. The most recent EPC inspection was May 2017, where the current energy rating was E, and the potential energy rating was C.

5 STEEP LANE Sold Prices

Land registry data shows two sales for 5 STEEP LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Arun local authority area for the corresponding sale date. Both of the two 5 STEEP LANE 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
2017 6 OCT	£382,500	£446,892	14% below HPI
1996 19 FEB	£40,000	£93,988	57% below HPI

5 STEEP LANE 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 two 5 STEEP LANE sales from February 1996 and October 2017 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 1996 sale was for 57% below the HPI. So the extrapolation line tracks at 57% below the HPI over time, until the October 2017 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 5 STEEP LANE?

5 STEEP LANE is 79m² according to the EPC inspection conducted in May 2017. This puts it in the smallest 20% 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 LANE lies on this distribution: 15% of detached houses are smaller than 5 STEEP LANE, and 85% of houses are larger. Note that EPC data is not available for all properties in Findon.

5 STEEP LANE: Plot and Title Map

5 STEEP LANE sits on a plot of roughly 0.140 of an acre, or 567m². The below map shows the location of 5 STEEP LANE, 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 LANE). 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 LANE?

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