According to the public record, 2A, Station Parade, Lancing is a mid-century Leasehold apartment with 588 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Station Parade, Lancing, BN15 is located in the borough of Adur within the BN15 postal district.
2A, Station Parade, Lancing has 2 entries in the Land Registry database, most recently in August 2018 and a single entry in the EPC database dated June 2009.
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 2A Station Parade Lancing as £277,798 and the rental value as £1,052 per month giving an expected gross yield of 4.5%.
Over the last 12 months the sale value of 2A Station Parade Lancing has increased by £4,897 (1.8%) and its rental value has increased by £49 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 2A, Station Parade, Lancing is in very good condition we estimate a sale value of £291,688 and rental value of £1,104 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £258,352 and a rental value of £978 per month.
If you were able to purchase this property for the estimated value of £277,798, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,365 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, 2A, Station Parade, Lancing was last sold on 06 Aug 2018 for £225,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Aug 2018, the market for similar properties has risen 13.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2A, Station Parade, Lancing within a radius of 460 metres over the last 2 years.
The most recent example is 23A, North Road, Lancing, BN15 9AH, a Leasehold flat which sold for £250,000 in May 2022.
Read more about house prices in BN15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Station Parade, Lancing, BN15 has a total of 9 addresses. According to our analysis of all the public data, 2A, Station Parade, Lancing is the largest and the 6th most expensive property on the street.
When compared to the postcode district it is £65k less expensive than the average property in BN15.
2A, Station Parade, Lancing has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 02 Jun 2009.
The property is not connected to mains gas and has single glazed windows. It is heated using electric storage heaters.
The closest station to 2A, Station Parade, Lancing is Lancing station which is 100 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 2A, Station Parade, Lancing, 33.3% of property is privately owned with a mortgage and 31.4% 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 2A, Station Parade, Lancing, 14.6% of residents are recorded as possessing school level qualifications and 30.3% 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 2A, Station Parade, 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 2A, Station Parade, Lancing, 1.3% 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 2A, Station Parade, 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.