7, THE GROVE, FERRING, WORTHING, BN12 5JA - £800,000

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 THE GROVE is a very large extended detached house of 156m², built sometime between 1950 and 1966. It was last sold for £800,000 in July 2023, which was around 46% above the average July 2023 detached price in the Arun local authority area. The most recent EPC inspection was February 2023, where the current energy rating was C, and the potential energy rating was C.

7 THE GROVE Sold Prices

Land registry data shows four sales for 7 THE GROVE 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. two of the four 7 THE GROVE sales were for above the average price, and four 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
2023 26 JUL	£800,000	£546,811	46% above HPI
2021 28 JUN	£480,000	£497,497	4% below HPI
2021 15 JAN	£377,500	£484,881	22% below HPI
1996 21 OCT	£106,000	£100,623	5% above HPI

7 THE GROVE 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 7 THE GROVE sales between October 1996 and July 2023 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 June 2021 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the July 2023 sale, where it rises to 46% above the HPI. The line then continues to track at 46% above the HPI.

How Large is 7 THE GROVE?

7 THE GROVE is 156m², which includes one extension, according to the EPC inspection conducted in February 2023. 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 7 THE GROVE lies on this distribution: 84% of detached houses are smaller than 7 THE GROVE, and 16% of houses are larger. Note that EPC data is not available for all properties in Ferring.

7 THE GROVE: Plot and Title Map

7 THE GROVE sits on a plot of roughly 0.110 of an acre, or 447m². The below map shows the location of 7 THE GROVE, 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 THE GROVE). 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 THE GROVE?

7 THE GROVE is located in FERRING, in the BN12 postcode district. The below map shows the position of No. 7 on THE GROVE.