According to the public record, Flat 12, Applesham Court 140, Lancing is a modern leasehold apartment with 430 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in Applesham Court, South Street, Lancing, BN15.
South Street, Lancing, BN15 is located in the borough of Adur within the BN15 postal district.
Flat 12, Applesham Court 140, Lancing has 2 entries in the Land Registry database, most recently in May 2022 and a single entry in the EPC database dated July 2018.
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 Flat 12 Applesham Court 140 Lancing as £174,872 and the rental value as £822 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of Flat 12 Applesham Court 140 Lancing has increased by £1,890 (1.1%) and its rental value has increased by £33 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 Flat 12, Applesham Court 140, Lancing is in very good condition we estimate a sale value of £183,616 and rental value of £863 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £162,631 and a rental value of £764 per month.
If you were able to purchase this property for the estimated value of £174,872, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £859 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, Flat 12, Applesham Court 140, Lancing was last sold on 06 May 2022 for £180,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since May 2022, the market for similar properties has dropped 2.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 12, Applesham Court 140, Lancing within a radius of 530 metres over the last 2 years.
The most recent example is Flat 6, Applesham Court 140, South Street, Lancing, BN15 8AU, a Leasehold flat which sold for £197,000 in Feb 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, Flat 12, Applesham Court 140, Lancing is the 183rd largest and the 169th most expensive property on the street.
When compared to the postcode district it is £168k less expensive than the average property in BN15.
Flat 12, Applesham Court 140, Lancing has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 16 Jul 2018.
The property is not connected to mains gas and has single glazed windows. It is heated using electric storage heaters.
The closest station to Flat 12, Applesham Court 140, 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 Flat 12, Applesham Court 140, 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 Flat 12, Applesham Court 140, 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 Flat 12, Applesham Court 140, 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 Flat 12, Applesham Court 140, 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 Flat 12, Applesham Court 140, 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.