14, PENLANDS RISE, STEYNING, BN44 3PJ - £350,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

14 PENLANDS RISE is a very small terraced house of 58m², built sometime between 1950 and 1966, which could now be worth an estimated £432,822. It was last sold for £350,000 in August 2020, which was around 12% above the average August 2020 terraced price in the Horsham local authority area. The most recent EPC inspection was September 2010, where the current energy rating was D, and the potential energy rating was D.

14 PENLANDS RISE Sold Prices

Land registry data shows four sales for 14 PENLANDS RISE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Horsham local authority area for the corresponding sale date. Most of the four 14 PENLANDS RISE 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
2020 5 AUG	£350,000	£313,020	12% above HPI
2010 30 NOV	£300,000	£223,752	34% above HPI
2000 31 MAY	£155,000	£113,085	37% above HPI
1996 21 JUN	£60,000	£64,340	7% below HPI

14 PENLANDS RISE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Horsham local authority area over time, sourced from the HPI. The four 14 PENLANDS RISE sales between June 1996 and August 2020 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 November 2010 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the August 2020 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might 14 PENLANDS RISE be worth now?

14 PENLANDS RISE might now be worth an estimated £432,822.

This is based on house price inflation of 23.7%, between August 2020 and August 2025, for terraced houses, in the Horsham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 23.7% inflationary increase is applied to the most recent sale price for 14 PENLANDS RISE of £350,000 on 5th August 2020. For the value to have increased from £350,000 to £432,822 over the five years to August 2025, the following assumptions must hold true:

• The value of 14 PENLANDS RISE has moved in line with the HPI for terraced houses in the Horsham local authority area.
• The August 2020 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 14 PENLANDS RISE has not materially changed since August 2020.

How Large is 14 PENLANDS RISE?

14 PENLANDS RISE is 58m² according to the EPC inspection conducted in September 2010. This puts it in the smallest 10% of terraced houses houses in Steyning, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Steyning, and where 14 PENLANDS RISE lies on this distribution: 2% of terraced houses houses are smaller than 14 PENLANDS RISE, and 98% of houses are larger. Note that EPC data is not available for all properties in Steyning.

14 PENLANDS RISE: Plot and Title Map

14 PENLANDS RISE sits on a plot of roughly 0.128 of an acre, or 517m². The below map shows the location of 14 PENLANDS RISE, 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 14 PENLANDS RISE). 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 14 PENLANDS RISE?

14 PENLANDS RISE is located in STEYNING, in the BN44 postcode district. The below map shows the position of No. 14 on PENLANDS RISE.