According to the public record, 4, Mulberry Close, Lancing is a mid-century freehold house with 775 ft2 of internal area and sits on a 165 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Mulberry Close, Lancing, BN15 is located in the borough of Adur within the BN15 postal district.
4, Mulberry Close, Lancing has 31 entries in the Land Registry database, most recently in February 2023 and a single entry in the EPC database dated December 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 4 Mulberry Close Lancing as £285,526 and the rental value as £1,342 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 4 Mulberry Close Lancing has increased by £440 (0.2%) and its rental value has increased by £41 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 4, Mulberry Close, Lancing is in very good condition we estimate a sale value of £299,803 and rental value of £1,409 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £265,540 and a rental value of £1,248 per month.
If you were able to purchase this property for the estimated value of £285,526, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,403 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, 4, Mulberry Close, Lancing sits on a plot of 165m2.
We have plot size data on 9 out of 11 other houses in the postcode and 4, Mulberry Close, Lancing sits on the 3rd largest plot.
According to HM Land Registry, 4, Mulberry Close, Lancing was last sold on 16 Feb 2023 for £250,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Feb 2023, the market for similar properties has dropped 2.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4, Mulberry Close, Lancing within a radius of 490 metres over the last 2 years.
The most recent example is 8, Mulberry Close, Lancing, BN15 9AQ, a Freehold house which sold for £285,000 in Aug 2023.
Read more about house prices in BN15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mulberry Close, Lancing, BN15 has a total of 11 addresses. According to our analysis of all the public data, 4, Mulberry Close, Lancing is the largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £58k less expensive than the average property in BN15.
4, Mulberry Close, Lancing has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 05 Dec 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 4, Mulberry Close, Lancing is Lancing station which is 200 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 4, Mulberry Close, Lancing, 35.4% of property is privately owned with a mortgage and 29.1% is privately rented.
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 4, Mulberry Close, Lancing, 18.2% of residents are recorded as possessing school level qualifications and 20.5% 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 4, Mulberry Close, 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 4, Mulberry Close, 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 4, Mulberry Close, Lancing, there are an average of 1.2 cars per household.
See below for how this compares to South East and the rest of England & Wales.