According to the public record, 23A, North Road, Lancing is a mid-century leasehold apartment and with 570 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
North Road, Lancing, BN15 is located in the borough of Adur within the BN15 postal district.
23A, North Road, Lancing has a single entry in the Land Registry database from May 2022 and no records in the EPC database.
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 23A North Road Lancing as £249,576 and the rental value as £950 per month giving an expected gross yield of 4.6%.
Over the last 12 months the sale value of 23A North Road Lancing has increased by £3,726 (1.5%) and its rental value has increased by £42 per month (4.4%).
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 23A, North Road, Lancing is in very good condition we estimate a sale value of £262,055 and rental value of £997 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £232,106 and a rental value of £883 per month.
If you were able to purchase this property for the estimated value of £249,576, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,227 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, 23A, North Road, Lancing was last sold on 13 May 2022 for £250,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since May 2022, the market for similar properties has dropped 1.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 23A, North Road, Lancing within a radius of 460m over the last 2 years.
The most recent example is 10 St. Nicholas Court, Penstone Park, Lancing, BN15 9AN, a Leasehold flat which sold for £225,000 in Aug 2023.
Read more about house prices in BN15.
North Road, Lancing, BN15 has a total of 108 addresses. According to our analysis of all the public data, 23A, North Road, Lancing is the 64th largest and the 31st most expensive property on the street.
When compared to the postcode district it is £94k less expensive than the average property in BN15.
23A, North Road, Lancing has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 05 Jan 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Room heaters, electric.
The closest station to 23A, North Road, Lancing is Lancing station which is 100 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 23A, North Road, Lancing, 32.2% of property is privately owned outright and 26.3% is socially 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 23A, North Road, Lancing, 11.1% of residents are recorded as possessing school level qualifications and 23.9% 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 23A, North Road, 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 23A, North Road, Lancing, 0.9% 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 23A, North Road, Lancing, there are an average of 0.9 cars per household.
See below for how this compares to South East and the rest of England & Wales.