SEA WALK, EAST STREET, LANCING, BN15 8BB - £300,000

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

SEA WALK is a small extended detached house of 77m², built sometime between 1967 and 1975. It was last sold for £300,000 in June 2021, which was around 41% below the average June 2021 detached price in the Adur local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was B.

SEA WALK Sold Prices

Land registry data shows four sales for SEA WALK 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 SEA WALK 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
2021 30 JUN	£300,000	£511,429	41% below HPI
2016 19 MAY	£295,000	£447,810	34% below HPI
2015 15 APR	£235,000	£394,247	40% below HPI
2007 5 OCT	£199,950	£323,076	38% below HPI

SEA WALK 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 SEA WALK sales between October 2007 and June 2021 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 May 2016 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the June 2021 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is SEA WALK?

SEA WALK is 77m², which includes one extension, according to the EPC inspection conducted in August 2014. This puts it in the smallest 30% of detached houses in Lancing, based on EPC data. The below chart shows the distribution of detached houses by size in Lancing, and where SEA WALK lies on this distribution: 22% of detached houses are smaller than SEA WALK, and 77% of houses are larger. Note that EPC data is not available for all properties in Lancing.

SEA WALK: Plot and Title Map

SEA WALK sits on a plot of roughly 0.039 of an acre, or 158m². The below map shows the location of SEA WALK, 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 SEA WALK). 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 SEA WALK?

SEA WALK is located on EAST STREET in LANCING, in the BN15 postcode district. The below map shows the position of SEA WALK on EAST STREET.