According to the public record, 40, North Farm Road, Lancing is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 871 ft2 of internal area and sits on a 285 m2 plot and a garden.
Houses of this size in this area normally have 3 bedrooms.
North Farm Road, Lancing, BN15 is located in the borough of Adur within the BN15 postal district.
40, North Farm Road, Lancing has a single entry in the Land Registry database from November 2006 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 40 North Farm Road Lancing as £344,085 and the rental value as £1,493 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 40 North Farm Road Lancing has increased by £596 (0.2%) and its rental value has increased by £45 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 40, North Farm Road, Lancing is in very good condition we estimate a sale value of £361,289 and rental value of £1,568 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £319,999 and a rental value of £1,389 per month.
If you were able to purchase this property for the estimated value of £344,085, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,691 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, 40, North Farm Road, Lancing sits on a plot of 285m2.
We have plot size data on 15 out of 28 other houses in the postcode and 40, North Farm Road, Lancing sits on the 4th largest plot.
According to HM Land Registry, 40, North Farm Road, Lancing was last sold on 30 Nov 2006 for £90,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40, North Farm Road, Lancing within a radius of 510 metres over the last 2 years.
The most recent example is 53, Monks Close, Lancing, BN15 9DB, a Freehold house which sold for £313,000 in Oct 2023.
Read more about house prices in BN15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
North Farm Road, Lancing, BN15 has a total of 136 addresses. According to our analysis of all the public data, 40, North Farm Road, Lancing is the 88th largest and the 58th most expensive property on the street.
When compared to the postcode district it is £824 more expensive than the average property in BN15.
The closest station to 40, North Farm Road, Lancing is Lancing station which is 400 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 40, North Farm Road, Lancing, 44.4% of property is privately owned with a mortgage and 39.4% 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 40, North Farm Road, Lancing, 15.0% of residents are recorded as possessing school level qualifications and 25.3% 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 40, North Farm Road, Lancing, the average age was 45.7 and the most common age was 52.
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 40, North Farm 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 40, North Farm 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.