WATERS EDGE, FLORIDA ROAD, FERRING, WORTHING, BN12 5PE - £1,387,500

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

WATERS EDGE is a very large extended detached house of 180m², built sometime between 1930 and 1949. It was last sold for £1,387,500 in January 2023, which was around 144% above the average January 2023 detached price in the Arun local authority area. The most recent EPC inspection was March 2022, where the current energy rating was C, and the potential energy rating was C.

WATERS EDGE Sold Prices

Land registry data shows two sales for WATERS EDGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Arun local authority area for the corresponding sale date. Both of the two WATERS EDGE 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
2023 20 JAN	£1,387,500	£568,771	144% above HPI
2017 18 JAN	£807,500	£425,302	90% above HPI

WATERS EDGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Arun local authority area over time, sourced from the HPI. The two WATERS EDGE sales from January 2017 and January 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 January 2017 sale was for 90% above the HPI. So the extrapolation line tracks at 90% above the HPI over time, until the January 2023 sale, where it rises to 144% above the HPI. The line then continues to track at 144% above the HPI.

How Large is WATERS EDGE?

WATERS EDGE is 180m², which includes four extensions, according to the EPC inspection conducted in March 2022. This puts it in the largest 20% of detached houses in Ferring, based on EPC data. The below chart shows the distribution of detached houses by size in Ferring, and where WATERS EDGE lies on this distribution: 89% of detached houses are smaller than WATERS EDGE, and 11% of houses are larger. Note that EPC data is not available for all properties in Ferring.

WATERS EDGE: Plot and Title Map

WATERS EDGE sits on a plot of roughly 0.204 of an acre, or 826m². The below map shows the location of WATERS EDGE, 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 WATERS EDGE). 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 WATERS EDGE?

WATERS EDGE is located on FLORIDA ROAD in FERRING, in the BN12 postcode district. The below map shows the position of WATERS EDGE on FLORIDA ROAD.