THE FINCHES, ELM GROVE, LANCING, BN15 8PD - £275,450

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

THE FINCHES is a large detached house of 135m², built sometime between 1930 and 1949. It was last sold for £275,450 in February 2003, which was around 23% above the average February 2003 detached price in the Adur local authority area. The most recent EPC inspection was June 2024, where the current energy rating was C, and the potential energy rating was B.

THE FINCHES Sold Prices

Land registry data shows two sales for THE FINCHES 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 THE FINCHES sales were for above 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
2003 14 FEB	£275,450	£223,893	23% above HPI
1998 26 FEB	£126,000	£108,796	16% above HPI

THE FINCHES 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 THE FINCHES sales from February 1998 and February 2003 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 February 1998 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the February 2003 sale, where it rises to 23% above the HPI. The line then continues to track at 23% above the HPI.

How Large is THE FINCHES?

THE FINCHES is 135m² according to the EPC inspection conducted in June 2024. This puts it in the largest 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 THE FINCHES lies on this distribution: 77% of detached houses are smaller than THE FINCHES, and 23% of houses are larger. Note that EPC data is not available for all properties in Lancing.

THE FINCHES: Plot and Title Map

THE FINCHES sits on a plot of roughly 0.129 of an acre, or 522m². The below map shows the location of THE FINCHES, 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 THE FINCHES). 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 THE FINCHES?

THE FINCHES is located on ELM GROVE in LANCING, in the BN15 postcode district. The below map shows the position of THE FINCHES on ELM GROVE.