According to the public record, 8, Monks Close, Lancing is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 936 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Monks Close, Lancing, BN15 is located in the borough of Adur within the BN15 postal district.
8, Monks Close, Lancing has 21 entries in the Land Registry database, most recently in February 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 8 Monks Close Lancing as £348,162 and the rental value as £1,511 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 8 Monks Close Lancing has increased by £604 (0.2%) and its rental value has increased by £46 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 8, Monks Close, Lancing is in very good condition we estimate a sale value of £365,570 and rental value of £1,587 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £323,791 and a rental value of £1,405 per month.
If you were able to purchase this property for the estimated value of £348,162, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,711 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, 8, Monks Close, Lancing was last sold on 14 Feb 2007 for £195,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Feb 2007, the market for similar properties has risen 69.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Monks Close, Lancing within a radius of 510 metres over the last 2 years.
The most recent example is 53, Monks Close, Lancing, BN15 9DB, a Freehold house which sold for £313,000 in Oct 2023.
Read more about house prices in BN15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Monks Close, Lancing, BN15 has a total of 71 addresses. According to our analysis of all the public data, 8, Monks Close, Lancing is the 25th largest and the 20th most expensive property on the street.
When compared to the postcode district it is £5k more expensive than the average property in BN15.
The closest station to 8, Monks Close, 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 8, Monks Close, Lancing, 44.4% of property is privately owned with a mortgage and 39.4% is privately owned outright.
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 8, Monks Close, Lancing, 15.0% of residents are recorded as possessing school level qualifications and 25.3% 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 8, Monks Close, Lancing, the average age was 45.7 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 8, Monks Close, 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 8, Monks Close, Lancing, there are an average of 1.5 cars per household.
See below for how this compares to South East and the rest of England & Wales.