According to the public record, 49, The Paddocks, Lancing is a mid-century freehold house with 1,054 ft2 of internal area and sits on a 292 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
The Paddocks, Lancing, BN15 is located in the borough of Adur within the BN15 postal district.
49, The Paddocks, Lancing has 31 entries in the Land Registry database, most recently in September 2013 and a single entry in the EPC database dated March 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 49 The Paddocks Lancing as £385,737 and the rental value as £1,646 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 49 The Paddocks Lancing has increased by £497 (0.1%) and its rental value has increased by £49 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 49, The Paddocks, Lancing is in very good condition we estimate a sale value of £405,024 and rental value of £1,729 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £358,735 and a rental value of £1,531 per month.
If you were able to purchase this property for the estimated value of £385,737, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,896 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, 49, The Paddocks, Lancing sits on a plot of 292m2.
We have plot size data on 15 out of 26 other houses in the postcode and 49, The Paddocks, Lancing sits on the 3rd largest plot.
According to HM Land Registry, 49, The Paddocks, Lancing was last sold on 10 Sep 2013 for £245,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Sep 2013, the market for similar properties has risen 62.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 49, The Paddocks, Lancing within a radius of 550 metres over the last 2 years.
The most recent example is 38, The Paddocks, Lancing, BN15 8DW, a Freehold house which sold for £336,000 in Dec 2022.
Read more about house prices in BN15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Paddocks, Lancing, BN15 has a total of 48 addresses. According to our analysis of all the public data, 49, The Paddocks, Lancing is the 2nd largest and the most expensive property on the street.
When compared to the postcode district it is £42k more expensive than the average property in BN15.
49, The Paddocks, Lancing has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 20 Mar 2013.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 49, The Paddocks, Lancing is Lancing 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 49, The Paddocks, Lancing, 43.0% of property is privately owned outright and 33.3% 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 49, The Paddocks, Lancing, 17.2% of residents are recorded as possessing school level qualifications and 22.6% 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 49, The Paddocks, 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 49, The Paddocks, 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 49, The Paddocks, Lancing, there are an average of 1.3 cars per household.
See below for how this compares to South East and the rest of England & Wales.