According to the public record, 63A, Penhill Road, Lancing is a modern leasehold apartment with 462 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 63, Penhill Road, Lancing, BN15.
Penhill Road, Lancing, BN15 is located in the borough of Adur within the BN15 postal district.
63A, Penhill Road, Lancing has 2 entries in the Land Registry database, most recently in April 2021 and a single entry in the EPC database dated December 2020.
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 63A Penhill Road Lancing as £170,513 and the rental value as £856 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 63A Penhill Road Lancing has increased by £1,843 (1.1%) and its rental value has increased by £34 per month (4.0%).
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 63A, Penhill Road, Lancing is in very good condition we estimate a sale value of £179,038 and rental value of £899 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £158,577 and a rental value of £796 per month.
If you were able to purchase this property for the estimated value of £170,513, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £838 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, 63A, Penhill Road, Lancing was last sold on 26 Apr 2021 for £157,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Apr 2021, the market for similar properties has risen 8.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 63A, Penhill Road, Lancing within a radius of 470 metres over the last 2 years.
The most recent example is Flat 5, Ryecroft Court 24, Penhill Road, Lancing, BN15 8HJ, a Leasehold flat which sold for £173,000 in Oct 2023.
Read more about house prices in BN15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Penhill Road, Lancing, BN15 has a total of 187 addresses. According to our analysis of all the public data, 63A, Penhill Road, Lancing is the 144th largest and the 139th most expensive property on the street.
When compared to the postcode district it is £173k less expensive than the average property in BN15.
63A, Penhill Road, Lancing has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 03 Dec 2020.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 63A, Penhill Road, 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 63A, Penhill Road, Lancing, 39.2% of property is privately rented and 32.4% 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 63A, Penhill Road, Lancing, 18.8% of residents are recorded as possessing school level qualifications and 26.0% 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 63A, Penhill 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 63A, Penhill Road, 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 63A, Penhill Road, 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.