53, OCEAN DRIVE, FERRING, WORTHING, BN12 5QP - £720,000

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.

53 OCEAN DRIVE is a large extended detached house of 137m², built sometime between 1950 and 1966, which could now be worth an estimated £827,666. It was last sold for £720,000 in March 2021, which was around 44% above the average March 2021 detached price in the Arun local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was C.

53 OCEAN DRIVE Sold Prices

Land registry data shows two sales for 53 OCEAN DRIVE 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 53 OCEAN DRIVE 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
2021 31 MAR	£720,000	£499,946	44% above HPI
2002 21 NOV	£315,000	£250,424	26% above HPI

53 OCEAN DRIVE 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 53 OCEAN DRIVE sales from November 2002 and March 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 November 2002 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the March 2021 sale, where it rises to 44% above the HPI. The line then continues to track at 44% above the HPI.

What might 53 OCEAN DRIVE be worth now?

53 OCEAN DRIVE might now be worth an estimated £827,666.

This is based on house price inflation of 15%, between March 2021 and February 2025, for detached houses, in the Arun local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 15% inflationary increase is applied to the most recent sale price for 53 OCEAN DRIVE of £720,000 on 31st March 2021. For the value to have increased from £720,000 to £827,666 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of 53 OCEAN DRIVE has moved in line with the HPI for detached houses in the Arun local authority area.
• The March 2021 sale price of £720,000 represented a fair market value for the property.
• The size, condition, and specification of 53 OCEAN DRIVE has not materially changed since March 2021.

How Large is 53 OCEAN DRIVE?

53 OCEAN DRIVE is 137m², which includes four extensions, according to the EPC inspection conducted in September 2020. This puts it in the largest 30% of detached houses houses in Ferring, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ferring, and where 53 OCEAN DRIVE lies on this distribution: 73% of detached houses houses are smaller than 53 OCEAN DRIVE, and 26% of houses are larger. Note that EPC data is not available for all properties in Ferring.

53 OCEAN DRIVE: Plot and Title Map

53 OCEAN DRIVE sits on a plot of roughly 0.140 of an acre, or 567m². The below map shows the location of 53 OCEAN DRIVE, 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 53 OCEAN DRIVE). 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 53 OCEAN DRIVE?

53 OCEAN DRIVE is located in FERRING, in the BN12 postcode district. The below map shows the position of No. 53 on OCEAN DRIVE.