24, PENSTONE CLOSE, LANCING, BN15 9AP - £342,000

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.

24 PENSTONE CLOSE is a small extended detached house of 91m², built sometime between 1950 and 1966, which could now be worth an estimated £348,517. It was last sold for £342,000 in August 2024, which was around 42% below the average August 2024 detached price in the Adur local authority area. The most recent EPC inspection was January 2024, where the current energy rating was D, and the potential energy rating was C.

24 PENSTONE CLOSE Sold Prices

Land registry data shows two sales for 24 PENSTONE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Adur local authority area for the corresponding sale date. Both of the two 24 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
2024 30 AUG	£342,000	£590,137	42% below HPI
1998 20 JUL	£110,000	£125,349	12% below HPI

24 PENSTONE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Adur local authority area over time, sourced from the HPI. The two 24 PENSTONE CLOSE sales from July 1998 and August 2024 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 July 1998 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the August 2024 sale, where it falls to 42% below the HPI. The line then continues to track at 42% below the HPI.

What might 24 PENSTONE CLOSE be worth now?

24 PENSTONE CLOSE might now be worth an estimated £348,517.

This is based on house price inflation of 1.9%, between August 2024 and April 2026, for 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 1.9% inflationary increase is applied to the most recent sale price for 24 PENSTONE CLOSE of £342,000 on 30th August 2024. For the value to have increased from £342,000 to £348,517 over the two years and four months to April 2026, the following assumptions must hold true:

• The value of 24 PENSTONE CLOSE has moved in line with the HPI for detached houses in the Adur local authority area.
• The August 2024 sale price of £342,000 represented a fair market value for the property.
• The size, condition, and specification of 24 PENSTONE CLOSE has not materially changed since August 2024.

How Large is 24 PENSTONE CLOSE?

24 PENSTONE CLOSE is 91m², which includes one extension, according to the EPC inspection conducted in January 2024. This puts it in the smallest 40% of detached houses houses in Lancing, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lancing, and where 24 PENSTONE CLOSE lies on this distribution: 39% of detached houses houses are smaller than 24 PENSTONE CLOSE, and 59% of houses are larger. Note that EPC data is not available for all properties in Lancing.

24 PENSTONE CLOSE: Plot and Title Map

24 PENSTONE CLOSE sits on a plot of roughly 0.088 of an acre, or 357m². The below map shows the location of 24 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 24 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 24 PENSTONE CLOSE?

24 PENSTONE CLOSE is located in LANCING, in the BN15 postcode district. The below map shows the position of No. 24 on PENSTONE CLOSE.