1, THE DRIVE, LANCING, BN15 8PT - £365,000

1 THE DRIVE is a midsized extended detached house of 98m², built sometime between 1930 and 1949. It was last sold for £365,000 in September 2018, which was around 26% below the average September 2018 detached price in the Adur local authority area. The most recent EPC inspection was September 2017, where the current energy rating was E, and the potential energy rating was C.

1 THE DRIVE Sold Prices

Land registry data shows three sales for 1 THE DRIVE 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. Two of the three 1 THE DRIVE sales were for below the average price, whilst one was 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
2018 5 SEP	£365,000	£490,980	26% below HPI
1999 21 SEP	£132,000	£126,937	4% above HPI
1995 11 JAN	£76,300	£85,482	11% below HPI

1 THE DRIVE 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 1 THE DRIVE sales between January 1995 and September 2018 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 September 1999 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the September 2018 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 1 THE DRIVE?

1 THE DRIVE is 98m², which includes one extension, according to the EPC inspection conducted in September 2017. This puts it in the smallest 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 1 THE DRIVE lies on this distribution: 46% of detached houses are smaller than 1 THE DRIVE, and 52% of houses are larger. Note that EPC data is not available for all properties in Lancing.

1 THE DRIVE: Plot and Title Map

1 THE DRIVE sits on a plot of roughly 0.115 of an acre, or 464m². The below map shows the location of 1 THE DRIVE, 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 1 THE DRIVE). 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 1 THE DRIVE?

1 THE DRIVE is located in LANCING, in the BN15 postcode district. The below map shows the position of No. 1 on THE DRIVE.