According to the public record, 3 Grace Cottages, Lancing is a period freehold house with 785 ft2 of internal area and sits on a 87.1 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
East Street, Lancing, BN15 is located in the borough of Adur within the BN15 postal district.
3 Grace Cottages, Lancing has 51 entries in the Land Registry database, most recently in August 2016 and a single entry in the EPC database dated January 2015.
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 3 Grace Cottages Lancing as £309,609 and the rental value as £1,402 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of 3 Grace Cottages Lancing has increased by £497 (0.2%) and its rental value has increased by £42 per month (3.0%).
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 3 Grace Cottages, Lancing is in very good condition we estimate a sale value of £325,090 and rental value of £1,472 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £287,937 and a rental value of £1,304 per month.
If you were able to purchase this property for the estimated value of £309,609, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,522 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, 3 Grace Cottages, Lancing sits on a plot of 87m2.
We have plot size data on 10 out of 13 other houses in the postcode and 3 Grace Cottages, Lancing sits on the 8th largest plot.
According to HM Land Registry, 3 Grace Cottages, Lancing was last sold on 26 Aug 2016 for £279,950 and was recorded as a freehold house.
The property has had 5 sales since 1995.
Since Aug 2016, the market for similar properties has risen 24.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3 Grace Cottages, Lancing within a radius of 590 metres over the last 2 years.
The most recent example is 1, Bessborough Terrace, Lancing, BN15 8RG, a Freehold house which sold for £325,000 in Nov 2021.
Read more about house prices in BN15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
East Street, Lancing, BN15 has a total of 16 addresses. According to our analysis of all the public data, 3 Grace Cottages, Lancing is the 10th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £34k less expensive than the average property in BN15.
3 Grace Cottages, Lancing has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 16 Jan 2015.
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 3 Grace Cottages, 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 3 Grace Cottages, Lancing, 37.5% of property is privately owned outright and 34.9% 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 3 Grace Cottages, Lancing, 12.3% of residents are recorded as possessing school level qualifications and 34.0% 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 3 Grace Cottages, 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 3 Grace Cottages, Lancing, 0.0% 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 3 Grace Cottages, Lancing, there are an average of 1.4 cars per household.
See below for how this compares to South East and the rest of England & Wales.