According to the public record, 117, Grinstead Lane, Lancing is a early-century freehold house with 1,668 ft2 of internal area and sits on a 475 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Grinstead Lane, Lancing, BN15 is located in the borough of Adur within the BN15 postal district.
117, Grinstead Lane, Lancing has 41 entries in the Land Registry database, most recently in November 2019 and a single entry in the EPC database dated July 2014.
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 117 Grinstead Lane Lancing as £496,925 and the rental value as £2,099 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 117 Grinstead Lane Lancing has decreased by £1,875 (0.4%) and its rental value has increased by £52 per month (2.5%).
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 117, Grinstead Lane, Lancing is in very good condition we estimate a sale value of £521,771 and rental value of £2,204 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £462,140 and a rental value of £1,952 per month.
If you were able to purchase this property for the estimated value of £496,925, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,442 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 data from HM Land Registry, 117, Grinstead Lane, Lancing sits on a plot of 475m2.
We have plot size data on 8 out of 12 other houses in the postcode and 117, Grinstead Lane, Lancing sits on the largest plot.
According to HM Land Registry, 117, Grinstead Lane, Lancing was last sold on 11 Nov 2019 for £440,000 and was recorded as a freehold house.
The property has had 4 sales since 1995.
Since Nov 2019, the market for similar properties has risen 19.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 117, Grinstead Lane, Lancing within a radius of 510 metres over the last 2 years.
The most recent example is 1A, Mash Barn Lane, Lancing, BN15 9EE, a Freehold house which sold for £500,000 in Feb 2022.
Read more about house prices in BN15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Grinstead Lane, Lancing, BN15 has a total of 112 addresses. According to our analysis of all the public data, 117, Grinstead Lane, Lancing is the 17th largest and the 24th most expensive property on the street.
When compared to the postcode district it is £154k more expensive than the average property in BN15.
117, Grinstead Lane, Lancing has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 02 Jul 2014.
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 117, Grinstead Lane, Lancing is Lancing station which is 500 metres 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 117, Grinstead Lane, Lancing, 58.8% of property is privately owned outright and 28.2% is privately owned with a mortgage.
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 117, Grinstead Lane, Lancing, 12.6% of residents are recorded as possessing school level qualifications and 24.9% 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 117, Grinstead Lane, 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 117, Grinstead Lane, Lancing, 0.3% 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 117, Grinstead Lane, Lancing, there are an average of 1.3 cars per household.
See below for how this compares to South East and the rest of England & Wales.