28, THE GRANGEWAY, RUSTINGTON, LITTLEHAMPTON, BN16 2QS - £185,000

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.

28 THE GRANGEWAY is a small flat of 60m², built sometime between 1930 and 1949, which could now be worth an estimated £200,014. It was last sold for £185,000 in May 2017, which was around 19% above the average May 2017 flat price in the Arun local authority area. The most recent EPC inspection was July 2017, where the current energy rating was D, and the potential energy rating was C.

28 THE GRANGEWAY Sold Prices

Land registry data shows three sales for 28 THE GRANGEWAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average flat price in the Arun local authority area for the corresponding sale date. All of the three 28 THE GRANGEWAY 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
2017 4 MAY	£185,000	£156,014	19% above HPI
2010 24 JUN	£140,000	£127,221	10% above HPI
1996 30 AUG	£42,000	£38,166	10% above HPI

What might 28 THE GRANGEWAY be worth now?

28 THE GRANGEWAY might now be worth an estimated £200,014.

This is based on house price inflation of 8.1%, between May 2017 and May 2026, for flats, in the Arun local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 8.1% inflationary increase is applied to the most recent sale price for 28 THE GRANGEWAY of £185,000 on 4th May 2017. For the value to have increased from £185,000 to £200,014 over the nine years to May 2026, the following assumptions must hold true:

• The value of 28 THE GRANGEWAY has moved in line with the HPI for flats in the Arun local authority area.
• The May 2017 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 28 THE GRANGEWAY has not materially changed since May 2017.

How Large is 28 THE GRANGEWAY?

28 THE GRANGEWAY is 60m² according to the EPC inspection conducted in July 2017. This puts it in the smallest 30% of flats in Rustington, based on EPC data. 26% of flats are smaller than 28 THE GRANGEWAY, and 72% of flats are larger. Note that EPC data is not available for all properties in Rustington.

28 THE GRANGEWAY: Plot

28 THE GRANGEWAY sits on a plot of roughly 0.267 of an acre, or 1,081m².

Where is 28 THE GRANGEWAY?

28 THE GRANGEWAY is located in RUSTINGTON, in the BN16 postcode district.