According to the public record, 5, Russells Drive, Lancing is a mid-century freehold house and with 713 ft2 of internal area and sits on a 436 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Russells Drive, Lancing, BN15 is located in the borough of Adur within the BN15 postal district.
5, Russells Drive, Lancing has a single entry in the Land Registry database from September 2011 and no records in the EPC database.
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 5 Russells Drive Lancing as £447,559 and the rental value as £1,589 per month giving an expected gross yield of 4.3%.
Over the last 12 months the sale value of 5 Russells Drive Lancing has increased by £576 (0.1%) and its rental value has increased by £47 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 5, Russells Drive, Lancing is in very good condition we estimate a sale value of £469,937 and rental value of £1,668 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £416,230 and a rental value of £1,478 per month.
If you were able to purchase this property for the estimated value of £447,559, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,200 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, 5, Russells Drive, Lancing sits on a plot of 436m2.
We have plot size data on 3 out of 5 other houses in the postcode and 5, Russells Drive, Lancing sits on the 2nd largest plot.
According to HM Land Registry, 5, Russells Drive, Lancing was last sold on 07 Sep 2011 for £220,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Sep 2011, the market for similar properties has risen 75.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Russells Drive, Lancing within a radius of 176m over the last 2 years.
The most recent example is 25, Ingleside Crescent, Lancing, BN15 8EN, a Freehold house which sold for £250,000 in Feb 2024.
Read more about house prices in BN15.
Russells Drive, Lancing, BN15 has a total of 11 addresses. According to our analysis of all the public data, 5, Russells Drive, Lancing is the 11th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £104k more expensive than the average property in BN15.
5, Russells Drive, Lancing has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 12 Jan 2011.
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 5, Russells Drive, Lancing is Lancing station which is 300 m 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 5, Russells Drive, Lancing, 56.7% of property is privately owned outright and 19.9% 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 5, Russells Drive, Lancing, 10.1% of residents are recorded as possessing school level qualifications and 16.5% 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 5, Russells Drive, 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 5, Russells Drive, Lancing, 0.8% 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 5, Russells Drive, 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.