MALTHOUSE COTTAGE, OLD SHOREHAM ROAD, LANCING, BN15 0QS - £469,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

MALTHOUSE COTTAGE is a very large extended detached house of 150m², built sometime before 1900, which could now be worth an estimated £607,740. It was last sold for £469,000 in February 2016, which was about the average February 2016 detached price in the Adur local authority area. The most recent EPC inspection was July 2011, where the current energy rating was E, and the potential energy rating was E.

MALTHOUSE COTTAGE Sold Prices

Land registry data shows three sales for MALTHOUSE COTTAGE 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. The three MALTHOUSE COTTAGE sales were a mix of roughly equal to the average price, and 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
2016 11 FEB	£469,000	£469,756	Close to HPI
2013 30 OCT	£344,000	£357,589	4% below HPI
2005 5 AUG	£278,500	£289,328	4% below HPI

MALTHOUSE COTTAGE 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 MALTHOUSE COTTAGE sales between August 2005 and February 2016 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 2013 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the February 2016 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might MALTHOUSE COTTAGE be worth now?

MALTHOUSE COTTAGE might now be worth an estimated £607,740.

This is based on house price inflation of 29.6%, between February 2016 and February 2025, for detached houses, in the Adur local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 29.6% inflationary increase is applied to the most recent sale price for MALTHOUSE COTTAGE of £469,000 on 11th February 2016. For the value to have increased from £469,000 to £607,740 over the nine years to February 2025, the following assumptions must hold true:

• The value of MALTHOUSE COTTAGE has moved in line with the HPI for detached houses in the Adur local authority area.
• The February 2016 sale price of £469,000 represented a fair market value for the property.
• The size, condition, and specification of MALTHOUSE COTTAGE has not materially changed since February 2016.

How Large is MALTHOUSE COTTAGE?

MALTHOUSE COTTAGE is 150m², which includes three extensions, according to the EPC inspection conducted in July 2011. This puts it in the largest 20% of detached houses houses in Lancing, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lancing, and where MALTHOUSE COTTAGE lies on this distribution: 84% of detached houses houses are smaller than MALTHOUSE COTTAGE, and 16% of houses are larger. Note that EPC data is not available for all properties in Lancing.

MALTHOUSE COTTAGE: Plot and Title Map

MALTHOUSE COTTAGE sits on a plot of roughly 0.195 of an acre, or 788m². The below map shows the location of MALTHOUSE COTTAGE, 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 MALTHOUSE COTTAGE). 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 MALTHOUSE COTTAGE?

MALTHOUSE COTTAGE is located on OLD SHOREHAM ROAD in LANCING, in the BN15 postcode district. The below map shows the position of MALTHOUSE COTTAGE on OLD SHOREHAM ROAD.