7, PENLEIGH CLOSE, LANCING, BN15 8EP - £240,000

7 PENLEIGH CLOSE is a very small detached house of 71m², built sometime between 1967 and 1975. It was last sold for £240,000 in October 2011, which was around 23% below the average October 2011 detached price in the Adur local authority area. The most recent EPC inspection was September 2011, where the current energy rating was D, and the potential energy rating was D.

7 PENLEIGH CLOSE Sold Prices

Land registry data shows three sales for 7 PENLEIGH CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Adur local authority area for the corresponding sale date. All of the three 7 PENLEIGH CLOSE sales were for below 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 26 OCT	£240,000	£310,175	23% below HPI
2010 7 JUN	£222,000	£303,855	27% below HPI
1998 15 MAY	£84,000	£108,472	23% below HPI

7 PENLEIGH CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Adur local authority area over time, sourced from the HPI. The three 7 PENLEIGH CLOSE sales between May 1998 and October 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 2010 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the October 2011 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 7 PENLEIGH CLOSE?

7 PENLEIGH CLOSE is 71m² according to the EPC inspection conducted in September 2011. This puts it in the smallest 20% of detached houses in Lancing, based on EPC data. The below chart shows the distribution of detached houses by size in Lancing, and where 7 PENLEIGH CLOSE lies on this distribution: 15% of detached houses are smaller than 7 PENLEIGH CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Lancing.

7 PENLEIGH CLOSE: Plot and Title Map

7 PENLEIGH CLOSE sits on a plot of roughly 0.083 of an acre, or 334m². The below map shows the location of 7 PENLEIGH 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 PENLEIGH 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 PENLEIGH CLOSE?

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