7, HOLMES LANE, RUSTINGTON, LITTLEHAMPTON, BN16 2QA - £535,000

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

7 HOLMES LANE is a very small extended detached house of 78m², built sometime between 1950 and 1966. It was last sold for £535,000 in May 2024, which was around 3% below the average May 2024 detached price in the Arun local authority area. The most recent EPC inspection was July 2022, where the current energy rating was D, and the potential energy rating was B.

7 HOLMES LANE Sold Prices

Land registry data shows five sales for 7 HOLMES LANE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Arun local authority area for the corresponding sale date. All of the five 7 HOLMES 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
2024 10 MAY	£535,000	£550,694	3% below HPI
2022 14 OCT	£535,000	£566,180	6% below HPI
2013 18 NOV	£285,000	£344,170	17% below HPI
2008 27 JUN	£246,000	£333,010	26% below HPI
1998 6 NOV	£100,000	£131,925	24% below HPI

7 HOLMES 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 five 7 HOLMES LANE sales between November 1998 and May 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 October 2022 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the May 2024 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 7 HOLMES LANE?

7 HOLMES LANE is 78m², which includes one extension, according to the EPC inspection conducted in July 2022. This puts it in the smallest 20% of detached houses in Rustington, based on EPC data. The below chart shows the distribution of detached houses by size in Rustington, and where 7 HOLMES LANE lies on this distribution: 11% of detached houses are smaller than 7 HOLMES LANE, and 88% of houses are larger. Note that EPC data is not available for all properties in Rustington.

7 HOLMES LANE: Plot and Title Map

7 HOLMES LANE sits on a plot of roughly 0.104 of an acre, or 421m². The below map shows the location of 7 HOLMES 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 7 HOLMES 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 7 HOLMES LANE?

7 HOLMES LANE is located in RUSTINGTON, in the BN16 postcode district. The below map shows the position of No. 7 on HOLMES LANE.