According to the public record, 55, Lakers Meadow, Billingshurst is a modern leasehold apartment with 570 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Lakers Meadow, Billingshurst, RH14 is located in the borough of Horsham within the RH14 postal district.
55, Lakers Meadow, Billingshurst has 21 entries in the Land Registry database, most recently in January 2018 and a single entry in the EPC database dated October 2023.
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 55 Lakers Meadow Billingshurst as £216,463 and the rental value as £855 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of 55 Lakers Meadow Billingshurst has increased by £5,814 (2.7%) and its rental value has increased by £38 per month (4.4%).
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 55, Lakers Meadow, Billingshurst is in very good condition we estimate a sale value of £227,287 and rental value of £897 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £201,311 and a rental value of £795 per month.
If you were able to purchase this property for the estimated value of £216,463, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,064 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 HM Land Registry, 55, Lakers Meadow, Billingshurst was last sold on 03 Jan 2018 for £230,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jan 2018, the market for similar properties has risen 8.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 55, Lakers Meadow, Billingshurst within a radius of 560 metres over the last 2 years.
The most recent example is 35, Lakers Meadow, Billingshurst, RH14 9NP, a Leasehold flat which sold for £250,000 in Aug 2022.
Read more about house prices in RH14.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lakers Meadow, Billingshurst, RH14 has a total of 45 addresses. According to our analysis of all the public data, 55, Lakers Meadow, Billingshurst is the 23rd largest and the 34th most expensive property on the street.
When compared to the postcode district it is £340k less expensive than the average property in RH14.
55, Lakers Meadow, Billingshurst has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 03 Oct 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to 55, Lakers Meadow, Billingshurst is Billingshurst station which is 800 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 55, Lakers Meadow, Billingshurst, 40.6% of property is privately owned outright and 38.4% 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 55, Lakers Meadow, Billingshurst, 9.5% of residents are recorded as possessing school level qualifications and 44.8% 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 55, Lakers Meadow, Billingshurst, the average age was 40.9 and the most common age was 52.
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 55, Lakers Meadow, Billingshurst, 1.6% 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 55, Lakers Meadow, Billingshurst, there are an average of 1.4 cars per household.
See below for how this compares to South East and the rest of England & Wales.