According to the public record, 87, Grinstead Lane, Lancing is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 1,130 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Grinstead Lane, Lancing, BN15 is located in the borough of Adur within the BN15 postal district.
87, Grinstead Lane, Lancing has a single entry in the Land Registry database from February 2006 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 87 Grinstead Lane Lancing as £436,544 and the rental value as £1,783 per month giving an expected gross yield of 4.9%.
Over the last 12 months the sale value of 87 Grinstead Lane Lancing has decreased by £663 (0.2%) and its rental value has increased by £48 per month (2.7%).
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 87, Grinstead Lane, Lancing is in very good condition we estimate a sale value of £458,371 and rental value of £1,872 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £405,986 and a rental value of £1,658 per month.
If you were able to purchase this property for the estimated value of £436,544, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,145 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, 87, Grinstead Lane, Lancing was last sold on 03 Feb 2006 for £245,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 87, Grinstead Lane, Lancing within a radius of 192m over the last 2 years.
The most recent example is 59, Orchard Avenue, Lancing, BN15 9EB, a Freehold house which sold for £435,000 in Apr 2023.
Read more about house prices in BN15.
Grinstead Lane, Lancing, BN15 has a total of 112 addresses. According to our analysis of all the public data, 87, Grinstead Lane, Lancing is the 68th largest and the 64th most expensive property on the street.
When compared to the postcode district it is £93k more expensive than the average property in BN15.
The closest station to 87, Grinstead Lane, Lancing is Lancing station which is 800 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 87, Grinstead Lane, Lancing, 48.1% of property is privately owned outright and 36.6% 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 87, Grinstead Lane, Lancing, 19.1% of residents are recorded as possessing school level qualifications and 29.8% 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 87, Grinstead Lane, Lancing, the average age was 42.8 and the most common age was 12.
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 87, Grinstead Lane, Lancing, 0.3% 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 87, Grinstead Lane, Lancing, 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.