16, MONKS CLOSE, LANCING, BN15 9DD - £411,000

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.

16 MONKS CLOSE is a small terraced house of 82m², built sometime between 1930 and 1949, which could now be worth an estimated £412,378. It was last sold for £411,000 in February 2022, which was around 20% above the average February 2022 terraced price in the Adur local authority area. The most recent EPC inspection was January 2016, where the current energy rating was D, and the potential energy rating was B.

16 MONKS CLOSE Sold Prices

Land registry data shows two sales for 16 MONKS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Adur local authority area for the corresponding sale date. One of the two 16 MONKS CLOSE sales was for above the average price, whilst the other was 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
2022 11 FEB	£411,000	£341,824	20% above HPI
2015 28 MAY	£232,000	£250,042	7% below HPI

16 MONKS CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Adur local authority area over time, sourced from the HPI. The two 16 MONKS CLOSE sales from May 2015 and February 2022 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 May 2015 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the February 2022 sale, where it rises to 20% above the HPI. The line then continues to track at 20% above the HPI.

What might 16 MONKS CLOSE be worth now?

16 MONKS CLOSE might now be worth an estimated £412,378.

This is based on house price inflation of 0.3%, between February 2022 and April 2026, for terraced houses, in the Adur local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.3% inflationary increase is applied to the most recent sale price for 16 MONKS CLOSE of £411,000 on 11th February 2022. For the value to have increased from £411,000 to £412,378 over the three years and ten months to April 2026, the following assumptions must hold true:

• The value of 16 MONKS CLOSE has moved in line with the HPI for terraced houses in the Adur local authority area.
• The February 2022 sale price of £411,000 represented a fair market value for the property.
• The size, condition, and specification of 16 MONKS CLOSE has not materially changed since February 2022.

How Large is 16 MONKS CLOSE?

16 MONKS CLOSE is 82m² according to the EPC inspection conducted in January 2016. This puts it in the smallest 40% of terraced houses houses in Lancing, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Lancing, and where 16 MONKS CLOSE lies on this distribution: 30% of terraced houses houses are smaller than 16 MONKS CLOSE, and 69% of houses are larger. Note that EPC data is not available for all properties in Lancing.

16 MONKS CLOSE: Plot and Title Map

16 MONKS CLOSE sits on a plot of roughly 0.053 of an acre, or 213m². The below map shows the location of 16 MONKS CLOSE, 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 16 MONKS CLOSE). 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 16 MONKS CLOSE?

16 MONKS CLOSE is located in LANCING, in the BN15 postcode district. The below map shows the position of No. 16 on MONKS CLOSE.