2, GRANGE CLOSE, FERRING, WORTHING, BN12 5LR - £280,000

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.

2 GRANGE CLOSE is a small detached house of 89m², built sometime between 1950 and 1966, which could now be worth an estimated £486,625. It was last sold for £280,000 in June 2011, which was around 13% below the average June 2011 detached price in the Arun local authority area. The most recent EPC inspection was July 2010, where the current energy rating was E, and the potential energy rating was D.

2 GRANGE CLOSE Sold Prices

Land registry data shows one sale for 2 GRANGE CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Arun local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2011 1 JUN	£280,000	£320,773	13% below HPI

What might 2 GRANGE CLOSE be worth now?

2 GRANGE CLOSE might now be worth an estimated £486,625.

This is based on house price inflation of 73.8%, between June 2011 and May 2026, for detached houses, in the Arun local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 73.8% inflationary increase is applied to the most recent sale price for 2 GRANGE CLOSE of £280,000 on 1st June 2011. For the value to have increased from £280,000 to £486,625 over the fifteen years and one month to May 2026, the following assumptions must hold true:

• The value of 2 GRANGE CLOSE has moved in line with the HPI for detached houses in the Arun local authority area.
• The June 2011 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 2 GRANGE CLOSE has not materially changed since June 2011.

How Large is 2 GRANGE CLOSE?

2 GRANGE CLOSE is 89m² according to the EPC inspection conducted in July 2010. This puts it in the smallest 30% of detached houses in Ferring, based on EPC data. The below chart shows the distribution of detached houses by size in Ferring, and where 2 GRANGE CLOSE lies on this distribution: 29% of detached houses are smaller than 2 GRANGE CLOSE, and 69% of detached houses are larger. Note that EPC data is not available for all properties in Ferring.

2 GRANGE CLOSE: Plot

2 GRANGE CLOSE sits on a plot of roughly 0.133 of an acre, or 540m².

Where is 2 GRANGE CLOSE?

2 GRANGE CLOSE is located in FERRING, in the BN12 postcode district.