MICHAELMAS, MOUNT WAY, LANCING, BN15 0QD - £600,000

MICHAELMAS is a very large detached house of 209m², built sometime between 1967 and 1975. It was last sold for £600,000 in November 2016, which was around 31% above the average November 2016 detached price in the Adur local authority area. The most recent EPC inspection was December 2015, where the current energy rating was C, and the potential energy rating was C.

MICHAELMAS Sold Prices

Land registry data shows two sales for MICHAELMAS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Adur local authority area for the corresponding sale date. Both of the two MICHAELMAS 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
2016 25 NOV	£600,000	£457,038	31% above HPI
2007 12 OCT	£485,000	£323,076	50% above HPI

MICHAELMAS 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 two MICHAELMAS sales from October 2007 and November 2016 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 October 2007 sale was for 50% above the HPI. So the extrapolation line tracks at 50% above the HPI over time, until the November 2016 sale, where it falls to 31% above the HPI. The line then continues to track at 31% above the HPI.

How Large is MICHAELMAS?

MICHAELMAS is 209m² according to the EPC inspection conducted in December 2015. This puts it in the largest 10% of detached houses in Lancing, based on EPC data. The below chart shows the distribution of detached houses by size in Lancing, and where MICHAELMAS lies on this distribution: 97% of detached houses are smaller than MICHAELMAS, and 3% of houses are larger. Note that EPC data is not available for all properties in Lancing.

MICHAELMAS: Plot and Title Map

MICHAELMAS sits on a plot of roughly 0.154 of an acre, or 622m². The below map shows the location of MICHAELMAS, 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 MICHAELMAS). 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 MICHAELMAS?

MICHAELMAS is located on MOUNT WAY in LANCING, in the BN15 postcode district. The below map shows the position of MICHAELMAS on MOUNT WAY.