According to the public record, 156A, South Street, Lancing is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 662 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
South Street, Lancing, BN15 is located in the borough of Adur within the BN15 postal district.
156A, South Street, Lancing has 3 entries in the Land Registry database, most recently in May 2024 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 156A South Street Lancing as £175,443 and the rental value as £959 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 156A South Street Lancing has increased by £3,093 (1.8%) and its rental value has increased by £45 per month (4.7%).
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 156A, South Street, Lancing is in very good condition we estimate a sale value of £184,215 and rental value of £1,006 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £163,162 and a rental value of £891 per month.
If you were able to purchase this property for the estimated value of £175,443, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £862 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, 156A, South Street, Lancing was last sold on 24 May 2024 for £220,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since May 2024, the market for similar properties has risen 0.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 156A, South Street, Lancing within a radius of 560 metres over the last 2 years.
The most recent example is 9, Roberts Road, Lancing, BN15 8AR, a Leasehold flat which sold for £220,000 in Aug 2023.
Read more about house prices in BN15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
South Street, Lancing, BN15 has a total of 215 addresses. According to our analysis of all the public data, 156A, South Street, Lancing is the 104th largest and the 167th most expensive property on the street.
When compared to the postcode district it is £168k less expensive than the average property in BN15.
The closest station to 156A, South Street, Lancing is Lancing station which is 600 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 156A, South Street, Lancing, 38.0% of property is privately rented and 32.5% 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 156A, South Street, Lancing, 10.3% of residents are recorded as possessing school level qualifications and 26.4% 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 156A, South Street, 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 156A, South Street, Lancing, 1.4% 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 156A, South Street, 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.