22, PENSTONE CLOSE, LANCING, BN15 9AP - £327,000

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.

22 PENSTONE CLOSE is a very small semi-detached house of 67m², built sometime between 1950 and 1966, which could now be worth an estimated £382,883. It was last sold for £327,000 in September 2017, which was around 8% below the average September 2017 semi-detached price in the Adur local authority area. The most recent EPC inspection was May 2017, where the current energy rating was D, and the potential energy rating was B.

22 PENSTONE CLOSE Sold Prices

Land registry data shows two sales for 22 PENSTONE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Adur local authority area for the corresponding sale date. Both of the two 22 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
2017 29 SEP	£327,000	£355,950	8% below HPI
2002 17 JUN	£144,950	£145,843	1% below HPI

22 PENSTONE CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Adur local authority area over time, sourced from the HPI. The two 22 PENSTONE CLOSE sales from June 2002 and September 2017 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 2002 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the September 2017 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 22 PENSTONE CLOSE be worth now?

22 PENSTONE CLOSE might now be worth an estimated £382,883.

This is based on house price inflation of 17.1%, between September 2017 and April 2026, for semi-detached 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 17.1% inflationary increase is applied to the most recent sale price for 22 PENSTONE CLOSE of £327,000 on 29th September 2017. For the value to have increased from £327,000 to £382,883 over the nine years and five months to April 2026, the following assumptions must hold true:

• The value of 22 PENSTONE CLOSE has moved in line with the HPI for semi-detached houses in the Adur local authority area.
• The September 2017 sale price of £327,000 represented a fair market value for the property.
• The size, condition, and specification of 22 PENSTONE CLOSE has not materially changed since September 2017.

How Large is 22 PENSTONE CLOSE?

22 PENSTONE CLOSE is 67m² according to the EPC inspection conducted in May 2017. This puts it in the smallest 10% of semi-detached houses houses in Lancing, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Lancing, and where 22 PENSTONE CLOSE lies on this distribution: 9% of semi-detached houses houses are smaller than 22 PENSTONE CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Lancing.

22 PENSTONE CLOSE: Plot and Title Map

22 PENSTONE CLOSE sits on a plot of roughly 0.102 of an acre, or 411m². The below map shows the location of 22 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 22 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 22 PENSTONE CLOSE?

22 PENSTONE CLOSE is located in LANCING, in the BN15 postcode district. The below map shows the position of No. 22 on PENSTONE CLOSE.