According to the public record, 12 Warren Court, Lancing is a mid-century leasehold apartment with 645 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Warren Court, Sompting Road, Lancing, BN15.
Sompting Road, Lancing, BN15 is located in the borough of Adur within the BN15 postal district.
12 Warren Court, Lancing has 2 entries in the Land Registry database, most recently in September 2023 and a single entry in the EPC database dated May 2022.
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 Warren Court Lancing as £210,033 and the rental value as £1,034 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 12 Warren Court Lancing has decreased by £714 (0.3%) and its rental value has increased by £26 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 12 Warren Court, Lancing is in very good condition we estimate a sale value of £220,534 and rental value of £1,086 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £195,330 and a rental value of £962 per month.
If you were able to purchase this property for the estimated value of £210,033, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,032 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 Warren Court, Lancing was last sold on 26 Sep 2023 for £235,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Sep 2023, the market for similar properties has risen 0.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 12 Warren Court, Lancing within a radius of 460 metres over the last 2 years.
The most recent example is 10 St. Nicholas Court, Penstone Park, Lancing, BN15 9AN, a Leasehold flat which sold for £225,000 in Aug 2023.
Read more about house prices in BN15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Sompting Road, Lancing, BN15 has a total of 222 addresses. According to our analysis of all the public data, 12 Warren Court, Lancing is the 151st largest and the 140th most expensive property on the street.
When compared to the postcode district it is £133k less expensive than the average property in BN15.
12 Warren Court, Lancing has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 05 May 2022.
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 12 Warren Court, Lancing is Lancing station which is 200 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 Warren Court, Lancing, 32.2% of property is privately owned outright and 26.3% is socially 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 Warren Court, Lancing, 11.1% of residents are recorded as possessing school level qualifications and 23.9% 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 12 Warren Court, Lancing, the average age was 46.1 and the most common age was 72.
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 Warren Court, Lancing, 0.9% 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 Warren Court, Lancing, there are an average of 0.9 cars per household.
See below for how this compares to South East and the rest of England & Wales.