According to the public record, Flat 2, Heatherlea House 73-79, Lancing is a modern leasehold apartment and with 570 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Heatherlea House, Crabtree Lane, Lancing, BN15.
Crabtree Lane, Lancing, BN15 is located in the borough of Adur within the BN15 postal district.
Flat 2, Heatherlea House 73-79, Lancing has 2 entries in the Land Registry database, most recently in December 2019 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 Flat 2 Heatherlea House 73-79 Lancing as £210,702 and the rental value as £967 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of Flat 2 Heatherlea House 73-79 Lancing has increased by £3,859 (1.8%) and its rental value has increased by £46 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 Flat 2, Heatherlea House 73-79, Lancing is in very good condition we estimate a sale value of £221,237 and rental value of £1,015 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £195,953 and a rental value of £899 per month.
If you were able to purchase this property for the estimated value of £210,702, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,036 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 2, Heatherlea House 73-79, Lancing was last sold on 10 Dec 2019 for £165,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Dec 2019, the market for similar properties has risen 13.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, Heatherlea House 73-79, Lancing within a radius of 438m over the last 2 years.
The most recent example is Flat 1, Priory Gate, North Road, Lancing, BN15 9BE, a Leasehold flat which sold for £165,000 in Jul 2020.
Read more about house prices in BN15.
Crabtree Lane, Lancing, BN15 has a total of 165 addresses. According to our analysis of all the public data, Flat 2, Heatherlea House 73-79, Lancing is the 122nd largest and the 103rd most expensive property on the street.
When compared to the postcode district it is £133k less expensive than the average property in BN15.
Flat 2, Heatherlea House 73-79, Lancing has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 28 Nov 2016.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to Flat 2, Heatherlea House 73-79, Lancing is Lancing station which is 600 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 Flat 2, Heatherlea House 73-79, Lancing, 44.3% of property is privately owned with a mortgage and 31.2% 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 Flat 2, Heatherlea House 73-79, Lancing, 24.0% of residents are recorded as possessing school level qualifications and 20.6% 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 2, Heatherlea House 73-79, Lancing, the average age was 42.8 and the most common age was 12.
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 2, Heatherlea House 73-79, 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 Flat 2, Heatherlea House 73-79, Lancing, there are an average of 1.5 cars per household.
See below for how this compares to South East and the rest of England & Wales.