According to the public record, 7, Bessborough Terrace, Lancing is a period freehold house with 742 ft2 of internal area and sits on a 190 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Bessborough Terrace, Lancing, BN15 is located in the borough of Adur within the BN15 postal district.
7, Bessborough Terrace, Lancing has 21 entries in the Land Registry database, most recently in March 2019 and a single entry in the EPC database dated June 2018.
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 7 Bessborough Terrace Lancing as £303,284 and the rental value as £1,375 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of 7 Bessborough Terrace Lancing has increased by £463 (0.2%) and its rental value has increased by £40 per month (2.9%).
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 7, Bessborough Terrace, Lancing is in very good condition we estimate a sale value of £318,449 and rental value of £1,444 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £282,054 and a rental value of £1,279 per month.
If you were able to purchase this property for the estimated value of £303,284, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,491 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, 7, Bessborough Terrace, Lancing sits on a plot of 190m2.
We have plot size data on 8 out of 13 other houses in the postcode and 7, Bessborough Terrace, Lancing sits on the 2nd largest plot.
According to HM Land Registry, 7, Bessborough Terrace, Lancing was last sold on 15 Mar 2019 for £275,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Mar 2019, the market for similar properties has risen 21.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Bessborough Terrace, Lancing within a radius of 710 metres over the last 2 years.
The most recent example is 1, Bessborough Terrace, Lancing, BN15 8RG, a Freehold house which sold for £325,000 in Nov 2021.
Read more about house prices in BN15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Bessborough Terrace, Lancing, BN15 has a total of 13 addresses. According to our analysis of all the public data, 7, Bessborough Terrace, Lancing is the 13th largest and the 13th most expensive property on the street.
When compared to the postcode district it is £40k less expensive than the average property in BN15.
7, Bessborough Terrace, Lancing has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 06 Jun 2018.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 7, Bessborough Terrace, Lancing is Lancing station which is 900 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 7, Bessborough Terrace, Lancing, 38.4% of property is privately owned with a mortgage and 23.9% is privately rented.
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 7, Bessborough Terrace, Lancing, 22.1% of residents are recorded as possessing school level qualifications and 31.6% 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 7, Bessborough Terrace, 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 7, Bessborough Terrace, 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 7, Bessborough Terrace, 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.