16, PENSTONE CLOSE, LANCING, BN15 9AP - £325,000

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 PENSTONE CLOSE is a very small terraced house of 70m², built sometime between 1976 and 1982, which could now be worth an estimated £301,188. It was last sold for £325,000 in November 2022, which was around 12% below the average November 2022 terraced price in the Adur local authority area. The most recent EPC inspection was December 2016, where the current energy rating was C, and the potential energy rating was B.

16 PENSTONE CLOSE Sold Prices

Land registry data shows five sales for 16 PENSTONE CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Adur local authority area for the corresponding sale date. Most of the five 16 PENSTONE CLOSE 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
2022 24 NOV	£325,000	£370,085	12% below HPI
2017 8 SEP	£264,000	£296,020	11% below HPI
2000 4 MAY	£80,000	£86,768	8% below HPI
1999 24 SEP	£74,500	£70,618	5% above HPI
1999 18 MAY	£51,000	£68,766	26% below HPI

16 PENSTONE 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 five 16 PENSTONE CLOSE sales between May 1999 and November 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 September 2017 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the November 2022 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 16 PENSTONE CLOSE be worth now?

16 PENSTONE CLOSE might now be worth an estimated £301,188.

This is based on house price deflation of 7.3%, between November 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 7.3% deflationary decrease is applied to the most recent sale price for 16 PENSTONE CLOSE of £325,000 on 24th November 2022. For the value to have decreased from £325,000 to £301,188 over the four years and seven months to April 2026, the following assumptions must hold true:

• The value of 16 PENSTONE CLOSE has moved in line with the HPI for terraced houses in the Adur local authority area.
• The November 2022 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 16 PENSTONE CLOSE has not materially changed since November 2022.

How Large is 16 PENSTONE CLOSE?

16 PENSTONE CLOSE is 70m² according to the EPC inspection conducted in December 2016. This puts it in the smallest 20% 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 PENSTONE CLOSE lies on this distribution: 13% of terraced houses houses are smaller than 16 PENSTONE CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Lancing.

16 PENSTONE CLOSE: Plot and Title Map

16 PENSTONE CLOSE sits on a plot of roughly 0.048 of an acre, or 194m². The below map shows the location of 16 PENSTONE 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 PENSTONE 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 PENSTONE CLOSE?

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