According to the public record, 18, The Drive, Lancing is a early-century freehold house with 871 ft2 of internal area and sits on a 307 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
The Drive, Lancing, BN15 is located in the borough of Adur within the BN15 postal district.
18, The Drive, Lancing has 2 entries in the Land Registry database, most recently in October 2020 and a single entry in the EPC database dated March 2018.
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 18 The Drive Lancing as £409,084 and the rental value as £1,537 per month giving an expected gross yield of 4.5%.
Over the last 12 months the sale value of 18 The Drive Lancing has increased by £624 (0.2%) and its rental value has increased by £45 per month (2.9%).
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 18, The Drive, Lancing is in very good condition we estimate a sale value of £429,538 and rental value of £1,614 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £380,448 and a rental value of £1,429 per month.
If you were able to purchase this property for the estimated value of £409,084, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,011 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, 18, The Drive, Lancing sits on a plot of 307m2.
We have plot size data on 13 out of 24 other houses in the postcode and 18, The Drive, Lancing sits on the 7th largest plot.
According to HM Land Registry, 18, The Drive, Lancing was last sold on 16 Oct 2020 for £452,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Oct 2020, the market for similar properties has risen 12.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 18, The Drive, Lancing within a radius of 530 metres over the last 2 years.
The most recent example is 9, The Crescent, Lancing, BN15 8PH, a Freehold house which sold for £320,000 in Nov 2023.
Read more about house prices in BN15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Drive, Lancing, BN15 has a total of 50 addresses. According to our analysis of all the public data, 18, The Drive, Lancing is the 17th largest and the 17th most expensive property on the street.
When compared to the postcode district it is £66k more expensive than the average property in BN15.
18, The Drive, Lancing has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 27 Mar 2018.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to 18, The Drive, Lancing is Lancing station which is 600 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 18, The Drive, Lancing, 69.6% of property is privately owned outright and 21.7% 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 18, The Drive, Lancing, 6.5% of residents are recorded as possessing school level qualifications and 24.3% 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 18, The Drive, 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 18, The Drive, Lancing, 0.8% 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 18, The Drive, 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.