7, GRASMERE AVENUE, SOMPTING, LANCING, BN15 9UQ - £290,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

7 GRASMERE AVENUE is a midsized detached house of 94m², built sometime between 1950 and 1966. It was last sold for £290,000 in December 2012, which was around 7% below the average December 2012 detached price in the Adur local authority area. The most recent EPC inspection was September 2011, where the current energy rating was D, and the potential energy rating was C.

7 GRASMERE AVENUE Sold Prices

Land registry data shows three sales for 7 GRASMERE AVENUE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Adur local authority area for the corresponding sale date. Two of the three 7 GRASMERE AVENUE sales were for below the average price, whilst one was 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
2012 17 DEC	£290,000	£311,538	7% below HPI
2004 20 FEB	£231,000	£250,602	8% below HPI
1999 27 OCT	£137,500	£129,502	6% above HPI

7 GRASMERE AVENUE 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 three 7 GRASMERE AVENUE sales between October 1999 and December 2012 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 2004 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the December 2012 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 7 GRASMERE AVENUE?

7 GRASMERE AVENUE is 94m² according to the EPC inspection conducted in September 2011. This puts it in the largest 50% of detached houses in Sompting, based on EPC data. The below chart shows the distribution of detached houses by size in Sompting, and where 7 GRASMERE AVENUE lies on this distribution: 55% of detached houses are smaller than 7 GRASMERE AVENUE, and 45% of houses are larger. Note that EPC data is not available for all properties in Sompting.

7 GRASMERE AVENUE: Plot and Title Map

7 GRASMERE AVENUE sits on a plot of roughly 0.153 of an acre, or 619m². The below map shows the location of 7 GRASMERE AVENUE, 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 GRASMERE AVENUE). 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 GRASMERE AVENUE?

7 GRASMERE AVENUE is located in SOMPTING, in the BN15 postcode district. The below map shows the position of No. 7 on GRASMERE AVENUE.