15, ORCHARD WAY, LANCING, BN15 9ED - £300,000

15 ORCHARD WAY is a small detached house of 75m², built sometime between 1950 and 1966. It was last sold for £300,000 in June 2019, which was around 38% below the average June 2019 detached price in the Adur local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was B.

15 ORCHARD WAY Sold Prices

Land registry data shows three sales for 15 ORCHARD WAY 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 15 ORCHARD WAY 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
2019 7 JUN	£300,000	£483,667	38% below HPI
2003 28 MAR	£135,000	£235,166	43% below HPI
1998 24 JUL	£68,000	£115,886	41% below HPI

15 ORCHARD WAY 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 15 ORCHARD WAY sales between July 1998 and June 2019 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 March 2003 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the June 2019 sale, where it rises to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 15 ORCHARD WAY?

15 ORCHARD WAY is 75m² according to the EPC inspection conducted in July 2014. This puts it in the smallest 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 15 ORCHARD WAY lies on this distribution: 20% of detached houses are smaller than 15 ORCHARD WAY, and 78% of houses are larger. Note that EPC data is not available for all properties in Lancing.

15 ORCHARD WAY: Plot and Title Map

15 ORCHARD WAY sits on a plot of roughly 0.064 of an acre, or 260m². The below map shows the location of 15 ORCHARD WAY, 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 15 ORCHARD WAY). 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 15 ORCHARD WAY?

15 ORCHARD WAY is located in LANCING, in the BN15 postcode district. The below map shows the position of No. 15 on ORCHARD WAY.