23, MONKS CLOSE, LANCING, BN15 9DD - £375,000

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.

23 MONKS CLOSE is a midsized terraced house of 110m², built sometime between 1930 and 1949, which could now be worth an estimated £405,315. It was last sold for £375,000 in May 2021, which was around 18% above the average May 2021 terraced price in the Adur local authority area. The most recent EPC inspection was February 2014, where the current energy rating was C, and the potential energy rating was B.

23 MONKS CLOSE Sold Prices

Land registry data shows four sales for 23 MONKS CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Adur local authority area for the corresponding sale date. All of the four 23 MONKS CLOSE 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
2021 10 MAY	£375,000	£317,318	18% above HPI
2014 13 MAY	£240,000	£223,591	7% above HPI
2006 30 MAY	£181,000	£170,913	6% above HPI
1998 30 APR	£60,000	£59,240	1% above HPI

23 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 four 23 MONKS CLOSE sales between April 1998 and May 2021 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 2014 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the May 2021 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 23 MONKS CLOSE be worth now?

23 MONKS CLOSE might now be worth an estimated £405,315.

This is based on house price inflation of 8.1%, between May 2021 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 8.1% inflationary increase is applied to the most recent sale price for 23 MONKS CLOSE of £375,000 on 10th May 2021. For the value to have increased from £375,000 to £405,315 over the five years and one month to April 2026, the following assumptions must hold true:

• The value of 23 MONKS CLOSE has moved in line with the HPI for terraced houses in the Adur local authority area.
• The May 2021 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of 23 MONKS CLOSE has not materially changed since May 2021.

How Large is 23 MONKS CLOSE?

23 MONKS CLOSE is 110m² according to the EPC inspection conducted in February 2014. This puts it in the largest 50% 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 23 MONKS CLOSE lies on this distribution: 58% of terraced houses houses are smaller than 23 MONKS CLOSE, and 42% of houses are larger. Note that EPC data is not available for all properties in Lancing.

23 MONKS CLOSE: Plot and Title Map

23 MONKS CLOSE sits on a plot of roughly 0.056 of an acre, or 225m². The below map shows the location of 23 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 23 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 23 MONKS CLOSE?

23 MONKS CLOSE is located in LANCING, in the BN15 postcode district. The below map shows the position of No. 23 on MONKS CLOSE.