2, ADUR CLOSE, LANCING, BN15 8LP - £316,000

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.

2 ADUR CLOSE is a small terraced house of 77m², built sometime between 1967 and 1975, which could now be worth an estimated £380,221. It was last sold for £316,000 in November 2018, which was around 6% above the average November 2018 terraced price in the Adur local authority area. The most recent EPC inspection was March 2011, where the current energy rating was D, and the potential energy rating was C.

2 ADUR CLOSE Sold Prices

Land registry data shows two sales for 2 ADUR 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 2 ADUR 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
2018 30 NOV	£316,000	£299,022	6% above HPI
2011 24 JUN	£180,000	£185,687	3% below HPI

2 ADUR 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 2 ADUR CLOSE sales from June 2011 and November 2018 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 June 2011 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the November 2018 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 2 ADUR CLOSE be worth now?

2 ADUR CLOSE might now be worth an estimated £380,221.

This is based on house price inflation of 20.3%, between November 2018 and May 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 20.3% inflationary increase is applied to the most recent sale price for 2 ADUR CLOSE of £316,000 on 30th November 2018. For the value to have increased from £316,000 to £380,221 over the eight years and six months to May 2026, the following assumptions must hold true:

• The value of 2 ADUR CLOSE has moved in line with the HPI for terraced houses in the Adur local authority area.
• The November 2018 sale price of £316,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ADUR CLOSE has not materially changed since November 2018.

How Large is 2 ADUR CLOSE?

2 ADUR CLOSE is 77m² according to the EPC inspection conducted in March 2011. This puts it in the smallest 30% 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 2 ADUR CLOSE lies on this distribution: 21% of terraced houses houses are smaller than 2 ADUR CLOSE, and 78% of houses are larger. Note that EPC data is not available for all properties in Lancing.

2 ADUR CLOSE: Plot and Title Map

2 ADUR CLOSE sits on a plot of roughly 0.026 of an acre, or 104m². The below map shows the location of 2 ADUR 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 2 ADUR 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 2 ADUR CLOSE?

2 ADUR CLOSE is located in LANCING, in the BN15 postcode district. The below map shows the position of No. 2 on ADUR CLOSE.