According to the public record, 3, Lagoon Way, Shoreham-By-Sea is a mid-century freehold house with 1,227 ft2 of internal area and sits on a 99.2 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Lagoon Way, Shoreham-By-Sea, BN43 is located in the borough of Adur within the BN43 postal district.
3, Lagoon Way, Shoreham-By-Sea has a single entry in the Land Registry database from September 2021 and a single entry in the EPC database dated March 2021.
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 Lagoon Way Shoreham-By-Sea as £570,086 and the rental value as £2,257 per month giving an expected gross yield of 4.8%.
Over the last 12 months the sale value of 3 Lagoon Way Shoreham-By-Sea has decreased by £897 (0.2%) and its rental value has increased by £109 per month (4.8%).
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, Lagoon Way, Shoreham-By-Sea is in very good condition we estimate a sale value of £598,590 and rental value of £2,370 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £530,180 and a rental value of £2,099 per month.
If you were able to purchase this property for the estimated value of £570,086, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,802 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, Lagoon Way, Shoreham-By-Sea sits on a plot of 99m2.
We have plot size data on 7 out of 8 other houses in the postcode and 3, Lagoon Way, Shoreham-By-Sea sits on the 6th largest plot.
According to HM Land Registry, 3, Lagoon Way, Shoreham-By-Sea was last sold on 30 Sep 2021 for £530,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Sep 2021, the market for similar properties has dropped 2.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Lagoon Way, Shoreham-By-Sea within a radius of 600 metres over the last 2 years.
The most recent example is 162, Greenacres, Shoreham-By-Sea, BN43 5XL, a Freehold house which sold for £535,000 in Sep 2023.
Read more about house prices in BN43.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lagoon Way, Shoreham-By-Sea, BN43 has a total of 8 addresses. According to our analysis of all the public data, 3, Lagoon Way, Shoreham-By-Sea is the 6th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £118k more expensive than the average property in BN43.
3, Lagoon Way, Shoreham-By-Sea has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 24 Mar 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 3, Lagoon Way, Shoreham-By-Sea is Shoreham-by-Sea station which is 700 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, Lagoon Way, Shoreham-By-Sea, 31.3% of property is privately owned with a mortgage and 29.4% 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 3, Lagoon Way, Shoreham-By-Sea, 18.6% of residents are recorded as possessing school level qualifications and 36.9% 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 3, Lagoon Way, Shoreham-By-Sea, the average age was 44.9 and the most common age was 47.
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, Lagoon Way, Shoreham-By-Sea, 2.6% 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, Lagoon Way, Shoreham-By-Sea, 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.