38A, FERRING LANE, FERRING, WORTHING, BN12 6QT - £385,000

38A FERRING LANE is a very small detached house of 72m², built sometime between 1950 and 1966. It was last sold for £385,000 in April 2019, which was around 15% below the average April 2019 detached price in the Arun local authority area. The most recent EPC inspection was December 2018, where the current energy rating was C, and the potential energy rating was B.

38A FERRING LANE Sold Prices

Land registry data shows four sales for 38A FERRING LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Arun local authority area for the corresponding sale date. All of the four 38A FERRING LANE 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
2019 17 APR	£385,000	£452,722	15% below HPI
2016 9 SEP	£350,000	£425,526	18% below HPI
2014 6 JAN	£270,000	£340,298	21% below HPI
2009 6 MAR	£200,000	£285,274	30% below HPI

38A FERRING LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Arun local authority area over time, sourced from the HPI. The four 38A FERRING LANE sales between March 2009 and April 2019 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 September 2016 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the April 2019 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 38A FERRING LANE?

38A FERRING LANE is 72m² according to the EPC inspection conducted in December 2018. This puts it in the smallest 10% of detached houses in Ferring, based on EPC data. The below chart shows the distribution of detached houses by size in Ferring, and where 38A FERRING LANE lies on this distribution: 9% of detached houses are smaller than 38A FERRING LANE, and 90% of houses are larger. Note that EPC data is not available for all properties in Ferring.

38A FERRING LANE: Plot and Title Map

38A FERRING LANE sits on a plot of roughly 0.121 of an acre, or 488m². The below map shows the location of 38A FERRING LANE, 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 38A FERRING LANE). 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 38A FERRING LANE?

38A FERRING LANE is located in FERRING, in the BN12 postcode district. The below map shows the position of No. 38A on FERRING LANE.