5, THE DRIVE, WORTHING, BN11 5LL - £325,000

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.

5 THE DRIVE is a very small extended terraced house of 79m², built sometime between 1900 and 1929, which could now be worth an estimated £371,389. It was last sold for £325,000 in November 2020, which was around 14% above the average November 2020 terraced price in the Worthing local authority area. The most recent EPC inspection was February 2013, where the current energy rating was D, and the potential energy rating was C.

5 THE DRIVE Sold Prices

Land registry data shows four sales for 5 THE DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Worthing local authority area for the corresponding sale date. Most of the four 5 THE DRIVE sales were 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
2020 24 NOV	£325,000	£286,302	14% above HPI
2014 12 MAR	£230,000	£200,544	15% above HPI
2006 25 AUG	£207,000	£174,879	18% above HPI
2006 11 MAY	£125,000	£167,495	25% below HPI

5 THE DRIVE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Worthing local authority area over time, sourced from the HPI. The four 5 THE DRIVE sales between May 2006 and November 2020 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 March 2014 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the November 2020 sale, where it falls to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 5 THE DRIVE be worth now?

5 THE DRIVE might now be worth an estimated £371,389.

This is based on house price inflation of 14.3%, between November 2020 and May 2026, for terraced houses, in the Worthing local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.3% inflationary increase is applied to the most recent sale price for 5 THE DRIVE of £325,000 on 24th November 2020. For the value to have increased from £325,000 to £371,389 over the six years and six months to May 2026, the following assumptions must hold true:

• The value of 5 THE DRIVE has moved in line with the HPI for terraced houses in the Worthing local authority area.
• The November 2020 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 5 THE DRIVE has not materially changed since November 2020.

How Large is 5 THE DRIVE?

5 THE DRIVE is 79m², which includes one extension, according to the EPC inspection conducted in February 2013. This puts it in the smallest 20% of terraced houses houses in Worthing, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Worthing, and where 5 THE DRIVE lies on this distribution: 13% of terraced houses houses are smaller than 5 THE DRIVE, and 86% of houses are larger. Note that EPC data is not available for all properties in Worthing.

5 THE DRIVE: Plot and Title Map

5 THE DRIVE sits on a plot of roughly 0.029 of an acre, or 116m². The below map shows the location of 5 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 5 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 5 THE DRIVE?

5 THE DRIVE is located in WORTHING, in the BN11 postcode district. The below map shows the position of No. 5 on THE DRIVE.