According to the public record, 48, Penhill Road, Lancing is a modern freehold house with 871 ft2 of internal area and sits on a 127 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Penhill Road, Lancing, BN15 is located in the borough of Adur within the BN15 postal district.
48, Penhill Road, Lancing has 21 entries in the Land Registry database, most recently in January 2014 and a single entry in the EPC database dated October 2013.
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 48 Penhill Road Lancing as £347,324 and the rental value as £1,484 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 48 Penhill Road Lancing has increased by £558 (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 48, Penhill Road, Lancing is in very good condition we estimate a sale value of £364,691 and rental value of £1,558 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £323,012 and a rental value of £1,380 per month.
If you were able to purchase this property for the estimated value of £347,324, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,707 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, 48, Penhill Road, Lancing sits on a plot of 127m2.
We have plot size data on 11 out of 13 other houses in the postcode and 48, Penhill Road, Lancing sits on the 9th largest plot.
According to HM Land Registry, 48, Penhill Road, Lancing was last sold on 17 Jan 2014 for £189,950 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Jan 2014, the market for similar properties has risen 58.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 48, Penhill Road, Lancing within a radius of 480 metres over the last 2 years.
The most recent example is 40, Penhill Road, Lancing, BN15 8HJ, a Freehold house which sold for £356,000 in Sep 2023.
Read more about house prices in BN15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Penhill Road, Lancing, BN15 has a total of 187 addresses. According to our analysis of all the public data, 48, Penhill Road, Lancing is the 56th largest and the 63rd most expensive property on the street.
When compared to the postcode district it is £4k more expensive than the average property in BN15.
48, Penhill Road, Lancing has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 15 Oct 2013.
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 48, Penhill 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 48, Penhill Road, Lancing, 39.2% of property is privately rented and 32.4% 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 48, Penhill Road, Lancing, 18.8% of residents are recorded as possessing school level qualifications and 26.0% 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 48, Penhill Road, 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 48, Penhill 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 48, Penhill Road, Lancing, there are an average of 1.0 cars per household.
See below for how this compares to South East and the rest of England & Wales.