4, GRANTSMEAD, LANCING, BN15 0PG - £358,000

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 GRANTSMEAD is a large extended detached house of 128m², built sometime between 1983 and 1990, which could now be worth an estimated £493,104. It was last sold for £358,000 in August 2015, which was around 18% below the average August 2015 detached price in the Adur local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was C.

4 GRANTSMEAD Sold Prices

Land registry data shows three sales for 4 GRANTSMEAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Adur local authority area for the corresponding sale date. Two of the three 4 GRANTSMEAD sales were for below the average price, whilst one was 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
2015 28 AUG	£358,000	£436,611	18% below HPI
2003 29 AUG	£245,000	£266,238	8% below HPI
2000 20 MAR	£165,000	£154,468	7% above HPI

4 GRANTSMEAD 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 three 4 GRANTSMEAD sales between March 2000 and August 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 August 2003 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the August 2015 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 4 GRANTSMEAD be worth now?

4 GRANTSMEAD might now be worth an estimated £493,104.

This is based on house price inflation of 37.7%, between August 2015 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 37.7% inflationary increase is applied to the most recent sale price for 4 GRANTSMEAD of £358,000 on 28th August 2015. For the value to have increased from £358,000 to £493,104 over the eleven years and four months to April 2026, the following assumptions must hold true:

• The value of 4 GRANTSMEAD has moved in line with the HPI for detached houses in the Adur local authority area.
• The August 2015 sale price of £358,000 represented a fair market value for the property.
• The size, condition, and specification of 4 GRANTSMEAD has not materially changed since August 2015.

How Large is 4 GRANTSMEAD?

4 GRANTSMEAD is 128m², which includes one extension, according to the EPC inspection conducted in April 2015. This puts it in the largest 30% 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 4 GRANTSMEAD lies on this distribution: 70% of detached houses houses are smaller than 4 GRANTSMEAD, and 30% of houses are larger. Note that EPC data is not available for all properties in Lancing.

4 GRANTSMEAD: Plot and Title Map

4 GRANTSMEAD sits on a plot of roughly 0.078 of an acre, or 316m². The below map shows the location of 4 GRANTSMEAD, 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 GRANTSMEAD). 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 GRANTSMEAD?

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