7, WILLOW CLOSE, LANCING, BN15 8LD - £20,000

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 WILLOW CLOSE is a small extended detached house of 85m², built sometime between 1983 and 1990. It was last sold for £20,000 in November 2023, which was around 97% below the average November 2023 detached price in the Adur local authority area. The most recent EPC inspection was August 2019, where the current energy rating was C, and the potential energy rating was B.

7 WILLOW CLOSE Sold Prices

Land registry data shows four sales for 7 WILLOW CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Adur local authority area for the corresponding sale date. All of the four 7 WILLOW 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
2023 6 NOV	£20,000	£579,342	97% below HPI
2019 27 SEP	£250,000	£483,292	48% below HPI
2007 9 MAY	£214,950	£308,368	30% below HPI
2001 22 JUN	£126,130	£177,252	29% below HPI

7 WILLOW 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 four 7 WILLOW CLOSE sales between June 2001 and November 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 September 2019 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the November 2023 sale, where it falls to 97% below the HPI. The line then continues to track at 97% below the HPI.

How Large is 7 WILLOW CLOSE?

7 WILLOW CLOSE is 85m², which includes one extension, according to the EPC inspection conducted in August 2019. This puts it in the smallest 40% of detached houses in Lancing, based on EPC data. The below chart shows the distribution of detached houses by size in Lancing, and where 7 WILLOW CLOSE lies on this distribution: 34% of detached houses are smaller than 7 WILLOW CLOSE, and 66% of houses are larger. Note that EPC data is not available for all properties in Lancing.

7 WILLOW CLOSE: Plot and Title Map

7 WILLOW CLOSE sits on a plot of roughly 0.035 of an acre, or 141m². The below map shows the location of 7 WILLOW 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 WILLOW 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 WILLOW CLOSE?

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