7, CARON CLOSE, LANCING, BN15 8BU - £492,000

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.

7 CARON CLOSE is a large extended detached house of 119m², built sometime between 1950 and 1966, which could now be worth an estimated £515,590. It was last sold for £492,000 in September 2021, which was around 15% below the average September 2021 detached price in the Adur local authority area. The most recent EPC inspection was May 2021, where the current energy rating was E, and the potential energy rating was C.

7 CARON CLOSE Sold Prices

Land registry data shows two sales for 7 CARON CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Adur local authority area for the corresponding sale date. Both of the two 7 CARON 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
2021 29 SEP	£492,000	£580,869	15% below HPI
2005 29 SEP	£222,000	£292,903	24% below HPI

7 CARON 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 two 7 CARON CLOSE sales from September 2005 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 September 2005 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the September 2021 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 7 CARON CLOSE be worth now?

7 CARON CLOSE might now be worth an estimated £515,590.

This is based on house price inflation of 4.8%, between September 2021 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 4.8% inflationary increase is applied to the most recent sale price for 7 CARON CLOSE of £492,000 on 29th September 2021. For the value to have increased from £492,000 to £515,590 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of 7 CARON CLOSE has moved in line with the HPI for detached houses in the Adur local authority area.
• The September 2021 sale price of £492,000 represented a fair market value for the property.
• The size, condition, and specification of 7 CARON CLOSE has not materially changed since September 2021.

How Large is 7 CARON CLOSE?

7 CARON CLOSE is 119m², which includes one extension, according to the EPC inspection conducted in May 2021. This puts it in the largest 40% 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 7 CARON CLOSE lies on this distribution: 65% of detached houses houses are smaller than 7 CARON CLOSE, and 35% of houses are larger. Note that EPC data is not available for all properties in Lancing.

7 CARON CLOSE: Plot and Title Map

7 CARON CLOSE sits on a plot of roughly 0.116 of an acre, or 468m². The below map shows the location of 7 CARON 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 7 CARON 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 7 CARON CLOSE?

7 CARON CLOSE is located in LANCING, in the BN15 postcode district. The below map shows the position of No. 7 on CARON CLOSE.