7, FARM WAY, RUSTINGTON, LITTLEHAMPTON, BN16 2PR - £350,000

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.

7 FARM WAY is a large extended detached house of 131m², built sometime between 1967 and 1975, which could now be worth an estimated £588,624. It was last sold for £350,000 in September 2011, which was around 6% above the average September 2011 detached price in the Arun local authority area. The most recent EPC inspection was February 2011, where the current energy rating was D, and the potential energy rating was D.

7 FARM WAY Sold Prices

Land registry data shows two sales for 7 FARM WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Arun local authority area for the corresponding sale date. Both of the two 7 FARM WAY 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
2011 20 SEP	£350,000	£331,485	6% above HPI
2001 19 JUN	£230,000	£190,004	21% above HPI

7 FARM WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Arun local authority area over time, sourced from the HPI. The two 7 FARM WAY sales from June 2001 and September 2011 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 June 2001 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the September 2011 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 7 FARM WAY be worth now?

7 FARM WAY might now be worth an estimated £588,624.

This is based on house price inflation of 68.2%, between September 2011 and May 2026, for detached houses, in the Arun local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 68.2% inflationary increase is applied to the most recent sale price for 7 FARM WAY of £350,000 on 20th September 2011. For the value to have increased from £350,000 to £588,624 over the fifteen years and four months to May 2026, the following assumptions must hold true:

• The value of 7 FARM WAY has moved in line with the HPI for detached houses in the Arun local authority area.
• The September 2011 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 7 FARM WAY has not materially changed since September 2011.

How Large is 7 FARM WAY?

7 FARM WAY is 131m², which includes one extension, according to the EPC inspection conducted in February 2011. This puts it in the largest 30% of detached houses houses in Rustington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Rustington, and where 7 FARM WAY lies on this distribution: 71% of detached houses houses are smaller than 7 FARM WAY, and 29% of houses are larger. Note that EPC data is not available for all properties in Rustington.

Where is 7 FARM WAY?

7 FARM WAY is located in RUSTINGTON, in the BN16 postcode district. The below map shows the position of No. 7 on FARM WAY.