7, MONKS CLOSE, LANCING, BN15 9DD - £199,000

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 MONKS CLOSE is a small terraced house of 82m², built sometime between 1950 and 1966, which could now be worth an estimated £334,996. It was last sold for £199,000 in August 2007, which was around 2% below the average August 2007 terraced price in the Adur local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was B.

7 MONKS CLOSE Sold Prices

Land registry data shows three sales for 7 MONKS CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Adur local authority area for the corresponding sale date. The three 7 MONKS CLOSE sales were a mix of below the average price, and roughly equal to 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
2007 30 AUG	£199,000	£203,737	2% below HPI
2007 12 APR	£189,000	£189,760	Close to HPI
1997 27 AUG	£55,000	£56,377	2% below HPI

7 MONKS CLOSE 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 three 7 MONKS CLOSE sales between August 1997 and August 2007 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 roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the August 2007 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 7 MONKS CLOSE be worth now?

7 MONKS CLOSE might now be worth an estimated £334,996.

This is based on house price inflation of 68.3%, between August 2007 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 68.3% inflationary increase is applied to the most recent sale price for 7 MONKS CLOSE of £199,000 on 30th August 2007. For the value to have increased from £199,000 to £334,996 over the nineteen years and four months to April 2026, the following assumptions must hold true:

• The value of 7 MONKS CLOSE has moved in line with the HPI for terraced houses in the Adur local authority area.
• The August 2007 sale price of £199,000 represented a fair market value for the property.
• The size, condition, and specification of 7 MONKS CLOSE has not materially changed since August 2007.

How Large is 7 MONKS CLOSE?

7 MONKS CLOSE is 82m² according to the EPC inspection conducted in May 2014. 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 7 MONKS CLOSE lies on this distribution: 30% of terraced houses houses are smaller than 7 MONKS CLOSE, and 69% of houses are larger. Note that EPC data is not available for all properties in Lancing.

7 MONKS CLOSE: Plot and Title Map

7 MONKS CLOSE sits on a plot of roughly 0.043 of an acre, or 172m². The below map shows the location of 7 MONKS CLOSE, 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 7 MONKS CLOSE). 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 7 MONKS CLOSE?

7 MONKS CLOSE is located in LANCING, in the BN15 postcode district. The below map shows the position of No. 7 on MONKS CLOSE.