According to the public record, 43, South Street, Lancing is a period apartment with 850 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
South Street, Lancing, BN15 is located in the borough of Adur within the BN15 postal district.
43, South Street, Lancing has no records in the Land Registry database and a single entry in the EPC database dated February 2020.
We combine this information with public data 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 South Street Lancing as £249,450 and the rental value as £1,252 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 43 South Street Lancing has increased by £4,209 (1.7%) and its rental value has increased by £57 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, South Street, Lancing is in very good condition we estimate a sale value of £261,922 and rental value of £1,314 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £231,988 and a rental value of £1,164 per month.
If you were able to purchase this property for the estimated value of £249,450, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,226 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 43, South Street, Lancing within a radius of 440 metres over the last 2 years.
The most recent example is Flat 9, Victoria Court 142-152, South Street, Lancing, BN15 8BE, a Leasehold flat which sold for £222,500 in Aug 2023.
Read more about house prices in BN15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
South Street, Lancing, BN15 has a total of 215 addresses. According to our analysis of all the public data, 43, South Street, Lancing is the 53rd largest and the 58th most expensive property on the street.
When compared to the postcode district it is £94k less expensive than the average property in BN15.
43, South Street, Lancing has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 05 Feb 2020.
The property is connected to mains gas and has some double glazing. It is heated using a boiler and radiators.
The closest station to 43, South Street, 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 43, South Street, Lancing, 33.3% of property is privately owned with a mortgage and 31.4% 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 43, South Street, Lancing, 14.6% of residents are recorded as possessing school level qualifications and 30.3% 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 43, South Street, 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 43, South Street, Lancing, 1.3% 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, South Street, Lancing, there are an average of 1.1 cars per household.
See below for how this compares to South East and the rest of England & Wales.