DOWNSIDE, ELM GROVE, LANCING, BN15 8PD - £580,000

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.

DOWNSIDE is a large extended detached house of 137m², built sometime between 1900 and 1929, which could now be worth an estimated £562,812. It was last sold for £580,000 in July 2022, which was around 6% below the average July 2022 detached price in the Adur local authority area. The most recent EPC inspection was May 2022, where the current energy rating was C, and the potential energy rating was C.

DOWNSIDE Sold Prices

Land registry data shows three sales for DOWNSIDE 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 DOWNSIDE 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 25 JUL	£580,000	£619,748	6% below HPI
2016 1 FEB	£372,000	£469,756	21% below HPI
2004 22 SEP	£270,000	£295,692	9% below HPI

DOWNSIDE 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 DOWNSIDE sales between September 2004 and July 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 February 2016 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the July 2022 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might DOWNSIDE be worth now?

DOWNSIDE might now be worth an estimated £562,812.

This is based on house price deflation of 3%, between July 2022 and April 2026, for 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 3% deflationary decrease is applied to the most recent sale price for DOWNSIDE of £580,000 on 25th July 2022. For the value to have decreased from £580,000 to £562,812 over the four years and three months to April 2026, the following assumptions must hold true:

• The value of DOWNSIDE has moved in line with the HPI for detached houses in the Adur local authority area.
• The July 2022 sale price of £580,000 represented a fair market value for the property.
• The size, condition, and specification of DOWNSIDE has not materially changed since July 2022.

How Large is DOWNSIDE?

DOWNSIDE is 137m², which includes one extension, according to the EPC inspection conducted in May 2022. This puts it in the largest 30% of detached houses houses in Lancing, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lancing, and where DOWNSIDE lies on this distribution: 76% of detached houses houses are smaller than DOWNSIDE, and 23% of houses are larger. Note that EPC data is not available for all properties in Lancing.

DOWNSIDE: Plot and Title Map

DOWNSIDE sits on a plot of roughly 0.120 of an acre, or 485m². The below map shows the location of DOWNSIDE, 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 DOWNSIDE). 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 DOWNSIDE?

DOWNSIDE is located on ELM GROVE in LANCING, in the BN15 postcode district. The below map shows the position of DOWNSIDE on ELM GROVE.