54, OCEAN DRIVE, FERRING, WORTHING, BN12 5QP - £820,000

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

54 OCEAN DRIVE is a very large extended detached house of 166m², built sometime between 1900 and 1929. It was last sold for £820,000 in March 2024, which was around 51% above the average March 2024 detached price in the Arun local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was C.

54 OCEAN DRIVE Sold Prices

Land registry data shows four sales for 54 OCEAN DRIVE 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. All of the four 54 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
2024 14 MAR	£820,000	£541,987	51% above HPI
2014 17 SEP	£585,000	£365,612	60% above HPI
2000 31 MAY	£235,000	£165,053	42% above HPI
1999 27 OCT	£185,000	£145,925	27% above HPI

54 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 four 54 OCEAN DRIVE sales between October 1999 and March 2024 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 September 2014 sale was for 60% above the HPI. So the extrapolation line tracks at 60% above the HPI over time, until the March 2024 sale, where it falls to 51% above the HPI. The line then continues to track at 51% above the HPI.

How Large is 54 OCEAN DRIVE?

54 OCEAN DRIVE is 166m², which includes four extensions, according to the EPC inspection conducted in February 2022. This puts it in the largest 20% of detached houses in Ferring, based on EPC data. The below chart shows the distribution of detached houses by size in Ferring, and where 54 OCEAN DRIVE lies on this distribution: 86% of detached houses are smaller than 54 OCEAN DRIVE, and 14% of houses are larger. Note that EPC data is not available for all properties in Ferring.

54 OCEAN DRIVE: Plot and Title Map

54 OCEAN DRIVE sits on a plot of roughly 0.108 of an acre, or 437m². The below map shows the location of 54 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 54 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 54 OCEAN DRIVE?

54 OCEAN DRIVE is located in FERRING, in the BN12 postcode district. The below map shows the position of No. 54 on OCEAN DRIVE.