According to the public record, 12, Beech Grove, Lancing is a mid-century leasehold apartment with 484 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 12, Beech Grove, Lancing, BN15.
Beech Grove, Lancing, BN15 is located in the borough of Adur within the BN15 postal district.
12, Beech Grove, Lancing has 71 entries in the Land Registry database, most recently in March 2021 and a single entry in the EPC database dated February 2023.
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 12 Beech Grove Lancing as £196,934 and the rental value as £899 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of 12 Beech Grove Lancing has increased by £3,575 (1.8%) and its rental value has increased by £43 per month (4.7%).
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 12, Beech Grove, Lancing is in very good condition we estimate a sale value of £206,781 and rental value of £944 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £183,149 and a rental value of £836 per month.
If you were able to purchase this property for the estimated value of £196,934, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £968 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, 12, Beech Grove, Lancing was last sold on 29 Mar 2021 for £173,750 and was recorded as a leasehold flat.
The property has had 7 sales since 1995.
Since Mar 2021, the market for similar properties has risen 9.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 12, Beech Grove, Lancing within a radius of 670 metres over the last 2 years.
The most recent example is 1 Swan Lodge, Old Salts Farm Road, Lancing, BN15 8JD, a Leasehold flat which sold for £227,000 in Dec 2022.
Read more about house prices in BN15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Beech Grove, Lancing, BN15 has a total of 20 addresses. According to our analysis of all the public data, 12, Beech Grove, Lancing is the 15th largest and the 11th most expensive property on the street.
When compared to the postcode district it is £146k less expensive than the average property in BN15.
12, Beech Grove, Lancing has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 17 Feb 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 12, Beech Grove, Lancing is Lancing station which is 900 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 12, Beech Grove, 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 12, Beech Grove, 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 12, Beech Grove, 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 12, Beech Grove, 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 12, Beech Grove, 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.