98, PENHILL ROAD, LANCING, BN15 8HG - £465,000

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

98 PENHILL ROAD is a midsized detached house of 101m², built sometime between 1930 and 1949. It was last sold for £465,000 in October 2022, which was around 23% below the average October 2022 detached price in the Adur local authority area. The most recent EPC inspection was April 2022, where the current energy rating was D, and the potential energy rating was B.

98 PENHILL ROAD Sold Prices

Land registry data shows two sales for 98 PENHILL ROAD 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 98 PENHILL ROAD 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
2022 21 OCT	£465,000	£605,253	23% below HPI
1999 29 MAR	£90,000	£117,020	23% below HPI

98 PENHILL ROAD 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 98 PENHILL ROAD sales from March 1999 and October 2022 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 March 1999 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the October 2022 sale, which was also at 23% below the HPI.

How Large is 98 PENHILL ROAD?

98 PENHILL ROAD is 101m² according to the EPC inspection conducted in April 2022. This puts it in the largest 50% of detached houses in Lancing, based on EPC data. The below chart shows the distribution of detached houses by size in Lancing, and where 98 PENHILL ROAD lies on this distribution: 51% of detached houses are smaller than 98 PENHILL ROAD, and 48% of houses are larger. Note that EPC data is not available for all properties in Lancing.

98 PENHILL ROAD: Plot and Title Map

98 PENHILL ROAD sits on a plot of roughly 0.079 of an acre, or 319m². The below map shows the location of 98 PENHILL ROAD, 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 98 PENHILL ROAD). 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 98 PENHILL ROAD?

98 PENHILL ROAD is located in LANCING, in the BN15 postcode district. The below map shows the position of No. 98 on PENHILL ROAD.