According to the public record, 1 Brook House, Lancing is a mid-century leasehold apartment and with 893 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Brook House, Old Salts Farm Road, Lancing, BN15.
Old Salts Farm Road, Lancing, BN15 is located in the borough of Adur within the BN15 postal district.
1 Brook House, Lancing has a single entry in the Land Registry database from February 2021 and no records in the EPC database.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Brook House Lancing as £289,828 and the rental value as £1,168 per month giving an expected gross yield of 4.8%.
Over the last 12 months the sale value of 1 Brook House Lancing has increased by £6,110 (2.1%) and its rental value has increased by £59 per month (5.0%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 1 Brook House, Lancing is in very good condition we estimate a sale value of £304,320 and rental value of £1,226 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £269,540 and a rental value of £1,086 per month.
If you were able to purchase this property for the estimated value of £289,828, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,424 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 1 Brook House, Lancing was last sold on 11 Feb 2021 for £258,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Feb 2021, the market for similar properties has risen 10.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1 Brook House, Lancing within a radius of 592m over the last 2 years.
The most recent example is 35 Kings Court, Brighton Road, Lancing, BN15 8EY, a Leasehold flat which sold for £292,000 in Jan 2024.
Read more about house prices in BN15.
Old Salts Farm Road, Lancing, BN15 has a total of 64 addresses. According to our analysis of all the public data, 1 Brook House, Lancing is the 34th largest and the 38th most expensive property on the street.
When compared to the postcode district it is £53k less expensive than the average property in BN15.
1 Brook House, Lancing has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 30 Mar 2016.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 1 Brook House, Lancing is Lancing station which is 900 m away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 1 Brook House, Lancing, 51.2% of property is privately owned outright and 24.0% is privately rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 1 Brook House, Lancing, 7.7% of residents are recorded as possessing school level qualifications and 21.3% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 1 Brook House, Lancing, the average age was 45.7 and the most common age was 52.
The graph below shows how this compares to South East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 1 Brook House, Lancing, 2.8% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 1 Brook House, Lancing, there are an average of 1.1 cars per household.
See below for how this compares to South East and the rest of England & Wales.