According to the public record, 43, Mill Lane, Shoreham-By-Sea is a early-century freehold house with 1,280 ft2 of internal area and sits on a 523 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Mill Lane, Shoreham-By-Sea, BN43 is located in the borough of Adur within the BN43 postal district.
43, Mill Lane, Shoreham-By-Sea has a single entry in the Land Registry database from January 2022 and a single entry in the EPC database dated August 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 43 Mill Lane Shoreham-By-Sea as £695,842 and the rental value as £2,486 per month giving an expected gross yield of 4.3%.
Over the last 12 months the sale value of 43 Mill Lane Shoreham-By-Sea has decreased by £2,768 (0.4%) and its rental value has increased by £113 per month (4.6%).
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 43, Mill Lane, Shoreham-By-Sea is in very good condition we estimate a sale value of £730,635 and rental value of £2,610 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £647,133 and a rental value of £2,312 per month.
If you were able to purchase this property for the estimated value of £695,842, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,420 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, 43, Mill Lane, Shoreham-By-Sea sits on a plot of 523m2.
We have plot size data on 12 out of 28 other houses in the postcode and 43, Mill Lane, Shoreham-By-Sea sits on the 4th largest plot.
According to HM Land Registry, 43, Mill Lane, Shoreham-By-Sea was last sold on 07 Jan 2022 for £841,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jan 2022, the market for similar properties has dropped 5.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 43, Mill Lane, Shoreham-By-Sea within a radius of 550 metres over the last 2 years.
The most recent example is 3, Erringham Road, Shoreham-By-Sea, BN43 5NQ, a Freehold house which sold for £350,000 in Jan 2024.
Read more about house prices in BN43.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mill Lane, Shoreham-By-Sea, BN43 has a total of 62 addresses. According to our analysis of all the public data, 43, Mill Lane, Shoreham-By-Sea is the 31st largest and the 30th most expensive property on the street.
When compared to the postcode district it is £244k more expensive than the average property in BN43.
43, Mill Lane, Shoreham-By-Sea has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 03 Aug 2021.
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 43, Mill Lane, Shoreham-By-Sea is Shoreham-by-Sea 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 43, Mill Lane, Shoreham-By-Sea, 56.6% of property is privately owned outright and 37.7% 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 43, Mill Lane, Shoreham-By-Sea, 17.2% of residents are recorded as possessing school level qualifications and 43.6% 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 43, Mill Lane, Shoreham-By-Sea, the average age was 44.2 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 43, Mill Lane, Shoreham-By-Sea, 1.4% 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 43, Mill Lane, Shoreham-By-Sea, there are an average of 1.7 cars per household.
See below for how this compares to South East and the rest of England & Wales.