According to the public record, 16, Orchard Way, Lancing is a mid-century freehold house and with 581 ft2 of internal area and sits on a 265 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Orchard Way, Lancing, BN15 is located in the borough of Adur within the BN15 postal district.
16, Orchard Way, Lancing has 31 entries in the Land Registry database, most recently in June 2022 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 16 Orchard Way Lancing as £325,922 and the rental value as £1,229 per month giving an expected gross yield of 4.5%.
Over the last 12 months the sale value of 16 Orchard Way Lancing has increased by £1,207 (0.4%) and its rental value has increased by £40 per month (3.2%).
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 16, Orchard Way, Lancing is in very good condition we estimate a sale value of £342,218 and rental value of £1,291 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £303,107 and a rental value of £1,143 per month.
If you were able to purchase this property for the estimated value of £325,922, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,602 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, 16, Orchard Way, Lancing sits on a plot of 265m2.
We have plot size data on 11 out of 19 other houses in the postcode and 16, Orchard Way, Lancing sits on the 6th largest plot.
According to HM Land Registry, 16, Orchard Way, Lancing was last sold on 28 Jun 2022 for £360,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Jun 2022, the market for similar properties has dropped 5.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Orchard Way, Lancing within a radius of 379m over the last 2 years.
The most recent example is 16, Seventh Avenue, Lancing, BN15 0PJ, a Freehold house which sold for £355,000 in Mar 2023.
Read more about house prices in BN15.
Orchard Way, Lancing, BN15 has a total of 19 addresses. According to our analysis of all the public data, 16, Orchard Way, Lancing is the 19th largest and the 18th most expensive property on the street.
When compared to the postcode district it is £17k less expensive than the average property in BN15.
16, Orchard Way, Lancing has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 22 Dec 2021.
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 16, Orchard Way, 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 16, Orchard Way, Lancing, 47.7% of property is privately owned with a mortgage and 34.4% is privately owned outright.
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 16, Orchard Way, Lancing, 18.7% of residents are recorded as possessing school level qualifications and 27.7% 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 16, Orchard Way, Lancing, the average age was 42.8 and the most common age was 12.
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 16, Orchard Way, 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 16, Orchard Way, Lancing, there are an average of 1.5 cars per household.
See below for how this compares to South East and the rest of England & Wales.