41, THE DRIVE, LANCING, BN15 8PS - £275,000

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.

41 THE DRIVE is a very small semi-detached house of 64m², built sometime between 1950 and 1966, which could now be worth an estimated £409,105. It was last sold for £275,000 in January 2015, which was around 2% below the average January 2015 semi-detached price in the Adur local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was B.

41 THE DRIVE Sold Prices

Land registry data shows three sales for 41 THE DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Adur local authority area for the corresponding sale date. Two of the three 41 THE DRIVE 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 27 JAN	£275,000	£280,159	2% below HPI
2007 23 APR	£249,950	£227,492	10% above HPI
2007 31 JAN	£195,000	£219,186	11% below HPI

41 THE DRIVE 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 three 41 THE DRIVE sales between January 2007 and January 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 April 2007 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the January 2015 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 41 THE DRIVE be worth now?

41 THE DRIVE might now be worth an estimated £409,105.

This is based on house price inflation of 48.8%, between January 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 48.8% inflationary increase is applied to the most recent sale price for 41 THE DRIVE of £275,000 on 27th January 2015. For the value to have increased from £275,000 to £409,105 over the ten years and nine months to April 2026, the following assumptions must hold true:

• The value of 41 THE DRIVE has moved in line with the HPI for semi-detached houses in the Adur local authority area.
• The January 2015 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 41 THE DRIVE has not materially changed since January 2015.

How Large is 41 THE DRIVE?

41 THE DRIVE is 64m² according to the EPC inspection conducted in August 2014. This puts it in the smallest 10% 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 41 THE DRIVE lies on this distribution: 6% of semi-detached houses houses are smaller than 41 THE DRIVE, and 93% of houses are larger. Note that EPC data is not available for all properties in Lancing.

41 THE DRIVE: Plot and Title Map

41 THE DRIVE sits on a plot of roughly 0.094 of an acre, or 382m². The below map shows the location of 41 THE DRIVE, 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 41 THE DRIVE). 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 41 THE DRIVE?

41 THE DRIVE is located in LANCING, in the BN15 postcode district. The below map shows the position of No. 41 on THE DRIVE.