4, EIGHTH AVENUE, LANCING, BN15 9XD - £230,000

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.

4 EIGHTH AVENUE is a very small extended semi-detached house of 72m², built sometime between 1930 and 1949, which could now be worth an estimated £310,286. It was last sold for £230,000 in December 2015, which was around 26% below the average December 2015 semi-detached price in the Adur local authority area. The most recent EPC inspection was November 2015, where the current energy rating was D, and the potential energy rating was C.

4 EIGHTH AVENUE Sold Prices

Land registry data shows four sales for 4 EIGHTH AVENUE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Adur local authority area for the corresponding sale date. All of the four 4 EIGHTH AVENUE 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
2015 10 DEC	£230,000	£308,939	26% below HPI
2005 17 JUN	£173,500	£200,361	13% below HPI
2002 24 MAY	£128,450	£142,412	10% below HPI
1996 14 JUN	£55,000	£59,541	8% below HPI

4 EIGHTH AVENUE 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 four 4 EIGHTH AVENUE sales between June 1996 and December 2015 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 2005 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the December 2015 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 4 EIGHTH AVENUE be worth now?

4 EIGHTH AVENUE might now be worth an estimated £310,286.

This is based on house price inflation of 34.9%, between December 2015 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 34.9% inflationary increase is applied to the most recent sale price for 4 EIGHTH AVENUE of £230,000 on 10th December 2015. For the value to have increased from £230,000 to £310,286 over the eleven years and eight months to April 2026, the following assumptions must hold true:

• The value of 4 EIGHTH AVENUE has moved in line with the HPI for semi-detached houses in the Adur local authority area.
• The December 2015 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 4 EIGHTH AVENUE has not materially changed since December 2015.

How Large is 4 EIGHTH AVENUE?

4 EIGHTH AVENUE is 72m², which includes one extension, according to the EPC inspection conducted in November 2015. This puts it in the smallest 20% 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 4 EIGHTH AVENUE lies on this distribution: 15% of semi-detached houses houses are smaller than 4 EIGHTH AVENUE, and 84% of houses are larger. Note that EPC data is not available for all properties in Lancing.

4 EIGHTH AVENUE: Plot and Title Map

4 EIGHTH AVENUE sits on a plot of roughly 0.062 of an acre, or 249m². The below map shows the location of 4 EIGHTH AVENUE, 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 4 EIGHTH AVENUE). 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 4 EIGHTH AVENUE?

4 EIGHTH AVENUE is located in LANCING, in the BN15 postcode district. The below map shows the position of No. 4 on EIGHTH AVENUE.