According to the public record, 24 East Lodge, 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 East Lodge, Brighton Road, Lancing, BN15.
Brighton Road, Lancing, BN15 is located in the borough of Adur within the BN15 postal district.
24 East Lodge, Lancing has 31 entries in the Land Registry database, most recently in January 2024 and a single entry in the EPC database dated May 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 24 East Lodge Lancing as £228,596 and the rental value as £1,027 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of 24 East Lodge Lancing has decreased by £284 (0.1%) and its rental value has increased by £28 per month (2.7%).
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 24 East Lodge, Lancing is in very good condition we estimate a sale value of £240,025 and rental value of £1,078 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £212,594 and a rental value of £955 per month.
If you were able to purchase this property for the estimated value of £228,596, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,123 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, 24 East Lodge, Lancing was last sold on 29 Jan 2024 for £225,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jan 2024, the market for similar properties has risen 0.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 24 East Lodge, Lancing within a radius of 600 metres over the last 2 years.
The most recent example is 22 East Lodge, Brighton Road, Lancing, BN15 8BQ, a Leasehold flat which sold for £250,000 in Apr 2022.
Read more about house prices in BN15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Brighton Road, Lancing, BN15 has a total of 846 addresses. According to our analysis of all the public data, 24 East Lodge, Lancing is the 552nd largest and the 569th most expensive property on the street.
When compared to the postcode district it is £115k less expensive than the average property in BN15.
24 East Lodge, Lancing has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 28 May 2014.
The property is not connected to mains gas and has partial double glazing. It is heated using electric storage heaters.
The closest station to 24 East Lodge, 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 24 East Lodge, Lancing, 38.0% of property is privately rented and 32.5% 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 24 East Lodge, Lancing, 10.3% of residents are recorded as possessing school level qualifications and 26.4% 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 24 East Lodge, 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 24 East Lodge, Lancing, 1.4% 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 24 East Lodge, Lancing, there are an average of 1.0 cars per household.
See below for how this compares to South East and the rest of England & Wales.