2, ALEXANDRA ROAD, LANCING, BN15 8EJ - £355,000

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 ALEXANDRA ROAD is a small terraced house of 87m², built sometime between 1976 and 1982, which could now be worth an estimated £444,592. It was last sold for £355,000 in March 2018, which was around 21% above the average March 2018 terraced price in the Adur local authority area. The most recent EPC inspection was November 2017, where the current energy rating was D, and the potential energy rating was C.

2 ALEXANDRA ROAD Sold Prices

Land registry data shows three sales for 2 ALEXANDRA ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Adur local authority area for the corresponding sale date. All of the three 2 ALEXANDRA ROAD 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
2018 23 MAR	£355,000	£294,212	21% above HPI
2006 11 AUG	£235,000	£176,304	33% above HPI
2005 15 JUL	£180,000	£162,449	11% above HPI

2 ALEXANDRA ROAD 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 three 2 ALEXANDRA ROAD sales between July 2005 and March 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 August 2006 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the March 2018 sale, where it falls to 21% above the HPI. The line then continues to track at 21% above the HPI.

What might 2 ALEXANDRA ROAD be worth now?

2 ALEXANDRA ROAD might now be worth an estimated £444,592.

This is based on house price inflation of 25.2%, between March 2018 and July 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 25.2% inflationary increase is applied to the most recent sale price for 2 ALEXANDRA ROAD of £355,000 on 23rd March 2018. For the value to have increased from £355,000 to £444,592 over the seven years and eight months to July 2026, the following assumptions must hold true:

• The value of 2 ALEXANDRA ROAD has moved in line with the HPI for terraced houses in the Adur local authority area.
• The March 2018 sale price of £355,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ALEXANDRA ROAD has not materially changed since March 2018.

How Large is 2 ALEXANDRA ROAD?

2 ALEXANDRA ROAD is 87m² according to the EPC inspection conducted in November 2017. 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 2 ALEXANDRA ROAD lies on this distribution: 34% of terraced houses houses are smaller than 2 ALEXANDRA ROAD, and 65% of houses are larger. Note that EPC data is not available for all properties in Lancing.

2 ALEXANDRA ROAD: Plot and Title Map

2 ALEXANDRA ROAD sits on a plot of roughly 0.074 of an acre, or 298m². The below map shows the location of 2 ALEXANDRA ROAD, 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 ALEXANDRA ROAD). 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 ALEXANDRA ROAD?

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