55, THE DRIVE, LANCING, BN15 8PS - £279,950

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.

55 THE DRIVE is a small extended terraced house of 83m², built sometime between 1967 and 1975, which could now be worth an estimated £396,603. It was last sold for £279,950 in March 2015, which was around 16% above the average March 2015 terraced price in the Adur local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was B.

55 THE DRIVE Sold Prices

Land registry data shows two sales for 55 THE DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Adur local authority area for the corresponding sale date. Both of the two 55 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
2015 27 MAR	£279,950	£242,092	16% above HPI
1996 23 FEB	£58,950	£43,504	36% above HPI

55 THE DRIVE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Adur local authority area over time, sourced from the HPI. The two 55 THE DRIVE sales from February 1996 and March 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 February 1996 sale was for 36% above the HPI. So the extrapolation line tracks at 36% above the HPI over time, until the March 2015 sale, where it falls to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might 55 THE DRIVE be worth now?

55 THE DRIVE might now be worth an estimated £396,603.

This is based on house price inflation of 41.7%, between March 2015 and April 2026, for terraced 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 41.7% inflationary increase is applied to the most recent sale price for 55 THE DRIVE of £279,950 on 27th March 2015. For the value to have increased from £279,950 to £396,603 over the ten years and eleven months to April 2026, the following assumptions must hold true:

• The value of 55 THE DRIVE has moved in line with the HPI for terraced houses in the Adur local authority area.
• The March 2015 sale price of £279,950 represented a fair market value for the property.
• The size, condition, and specification of 55 THE DRIVE has not materially changed since March 2015.

How Large is 55 THE DRIVE?

55 THE DRIVE is 83m², which includes one extension, according to the EPC inspection conducted in January 2015. This puts it in the smallest 40% of terraced houses houses in Lancing, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Lancing, and where 55 THE DRIVE lies on this distribution: 31% of terraced houses houses are smaller than 55 THE DRIVE, and 68% of houses are larger. Note that EPC data is not available for all properties in Lancing.

55 THE DRIVE: Plot and Title Map

55 THE DRIVE sits on a plot of roughly 0.063 of an acre, or 256m². The below map shows the location of 55 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 55 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 55 THE DRIVE?

55 THE DRIVE is located in LANCING, in the BN15 postcode district. The below map shows the position of No. 55 on THE DRIVE.