74, TOWER ROAD, LANCING, BN15 9HT - £340,000

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.

74 TOWER ROAD is a midsized semi-detached house of 103m², built sometime between 1930 and 1949, which could now be worth an estimated £315,522. It was last sold for £340,000 in October 2022, which was around 24% below the average October 2022 semi-detached price in the Adur local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was B.

74 TOWER ROAD Sold Prices

Land registry data shows three sales for 74 TOWER ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Adur local authority area for the corresponding sale date. All of the three 74 TOWER ROAD 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
2022 7 OCT	£340,000	£449,113	24% below HPI
2004 2 JUL	£154,995	£194,043	20% below HPI
1997 27 MAR	£55,000	£64,099	14% below HPI

74 TOWER ROAD Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Adur local authority area over time, sourced from the HPI. The three 74 TOWER ROAD sales between March 1997 and October 2022 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 July 2004 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the October 2022 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 74 TOWER ROAD be worth now?

74 TOWER ROAD might now be worth an estimated £315,522.

This is based on house price deflation of 7.2%, between October 2022 and April 2026, for semi-detached 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 7.2% deflationary decrease is applied to the most recent sale price for 74 TOWER ROAD of £340,000 on 7th October 2022. For the value to have decreased from £340,000 to £315,522 over the four years and six months to April 2026, the following assumptions must hold true:

• The value of 74 TOWER ROAD has moved in line with the HPI for semi-detached houses in the Adur local authority area.
• The October 2022 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 74 TOWER ROAD has not materially changed since October 2022.

How Large is 74 TOWER ROAD?

74 TOWER ROAD is 103m² according to the EPC inspection conducted in March 2022. This puts it in the largest 50% of semi-detached houses houses in Lancing, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Lancing, and where 74 TOWER ROAD lies on this distribution: 50% of semi-detached houses houses are smaller than 74 TOWER ROAD, and 49% of houses are larger. Note that EPC data is not available for all properties in Lancing.

74 TOWER ROAD: Plot and Title Map

74 TOWER ROAD sits on a plot of roughly 0.067 of an acre, or 273m². The below map shows the location of 74 TOWER ROAD, 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 74 TOWER ROAD). 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 74 TOWER ROAD?

74 TOWER ROAD is located in LANCING, in the BN15 postcode district. The below map shows the position of No. 74 on TOWER ROAD.