According to the public record, 31, Greet Road, Lancing is a mid-century freehold house with 764 ft2 of internal area and sits on a 344 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Greet Road, Lancing, BN15 is located in the borough of Adur within the BN15 postal district.
31, Greet Road, Lancing has a single entry in the Land Registry database from August 2022 and a single entry in the EPC database dated May 2022.
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 31 Greet Road Lancing as £341,617 and the rental value as £1,421 per month giving an expected gross yield of 5%.
Over the last 12 months the sale value of 31 Greet Road Lancing has increased by £611 (0.2%) and its rental value has increased by £43 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 31, Greet Road, Lancing is in very good condition we estimate a sale value of £358,698 and rental value of £1,492 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £317,704 and a rental value of £1,322 per month.
If you were able to purchase this property for the estimated value of £341,617, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,679 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, 31, Greet Road, Lancing sits on a plot of 344m2.
We have plot size data on 26 out of 40 other houses in the postcode and 31, Greet Road, Lancing sits on the 16th largest plot.
According to HM Land Registry, 31, Greet Road, Lancing was last sold on 04 Aug 2022 for £400,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Aug 2022, the market for similar properties has dropped 5.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 31, Greet Road, Lancing within a radius of 550 metres over the last 2 years.
The most recent example is 2, Upper Boundstone Lane, Lancing, BN15 9QX, a Freehold house which sold for £400,000 in Oct 2022.
Read more about house prices in BN15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Greet Road, Lancing, BN15 has a total of 68 addresses. According to our analysis of all the public data, 31, Greet Road, Lancing is the 38th largest and the 40th most expensive property on the street.
When compared to the postcode district it is £2k less expensive than the average property in BN15.
31, Greet Road, Lancing has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 06 May 2022.
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 31, Greet Road, Lancing is Lancing station which is 1.0 kilometres 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 31, Greet Road, Lancing, 55.7% of property is privately owned outright and 38.2% 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 31, Greet Road, Lancing, 12.2% of residents are recorded as possessing school level qualifications and 22.0% 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 31, Greet Road, 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 31, Greet Road, 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 31, Greet Road, 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.