112, PENHILL ROAD, LANCING, BN15 8HG - £393,000

112 PENHILL ROAD is a large extended detached house of 122m², built sometime before 1900. It was last sold for £393,000 in October 2017, which was around 18% below the average October 2017 detached price in the Adur local authority area. The most recent EPC inspection was June 2017, where the current energy rating was E, and the potential energy rating was C.

112 PENHILL ROAD Sold Prices

Land registry data shows three sales for 112 PENHILL ROAD 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. All of the three 112 PENHILL ROAD 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
2017 9 OCT	£393,000	£479,220	18% below HPI
2004 23 APR	£225,000	£250,104	10% below HPI
2001 29 MAY	£127,500	£174,008	27% below HPI

112 PENHILL ROAD 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 112 PENHILL ROAD sales between May 2001 and October 2017 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 April 2004 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the October 2017 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 112 PENHILL ROAD?

112 PENHILL ROAD is 122m², which includes one extension, according to the EPC inspection conducted in June 2017. This puts it in the largest 40% of detached houses in Lancing, based on EPC data. The below chart shows the distribution of detached houses by size in Lancing, and where 112 PENHILL ROAD lies on this distribution: 68% of detached houses are smaller than 112 PENHILL ROAD, and 31% of houses are larger. Note that EPC data is not available for all properties in Lancing.

112 PENHILL ROAD: Plot and Title Map

112 PENHILL ROAD sits on a plot of roughly 0.070 of an acre, or 284m². The below map shows the location of 112 PENHILL ROAD, 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 112 PENHILL ROAD). 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 112 PENHILL ROAD?

112 PENHILL ROAD is located in LANCING, in the BN15 postcode district. The below map shows the position of No. 112 on PENHILL ROAD.