40, PENLANDS RISE, STEYNING, BN44 3PJ - £400,000

40 PENLANDS RISE is a midsized detached house of 117m², built sometime between 1950 and 1966. It was last sold for £400,000 in July 2014, which was around 20% below the average July 2014 detached price in the Horsham local authority area. The most recent EPC inspection was December 2013, where the current energy rating was E, and the potential energy rating was D.

40 PENLANDS RISE Sold Prices

Land registry data shows two sales for 40 PENLANDS RISE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Horsham local authority area for the corresponding sale date. Both of the two 40 PENLANDS RISE 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
2014 2 JUL	£400,000	£500,234	20% below HPI
2013 27 NOV	£369,000	£464,569	21% below HPI

40 PENLANDS RISE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Horsham local authority area over time, sourced from the HPI. The two 40 PENLANDS RISE sales from November 2013 and July 2014 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 November 2013 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the July 2014 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 40 PENLANDS RISE?

40 PENLANDS RISE is 117m² according to the EPC inspection conducted in December 2013. This puts it in the smallest 50% of detached houses in Steyning, based on EPC data. The below chart shows the distribution of detached houses by size in Steyning, and where 40 PENLANDS RISE lies on this distribution: 43% of detached houses are smaller than 40 PENLANDS RISE, and 57% of houses are larger. Note that EPC data is not available for all properties in Steyning.

40 PENLANDS RISE: Plot and Title Map

40 PENLANDS RISE sits on a plot of roughly 0.123 of an acre, or 499m². The below map shows the location of 40 PENLANDS RISE, 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 40 PENLANDS RISE). 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 40 PENLANDS RISE?

40 PENLANDS RISE is located in STEYNING, in the BN44 postcode district. The below map shows the position of No. 40 on PENLANDS RISE.