According to the public record, Flat 4, Victoria Court 142-152, Lancing is a modern leasehold apartment with 753 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Victoria Court, South Street, Lancing, BN15.
South Street, Lancing, BN15 is located in the borough of Adur within the BN15 postal district.
Flat 4, Victoria Court 142-152, Lancing has 31 entries in the Land Registry database, most recently in November 2022 and a single entry in the EPC database dated April 2017.
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 4 Victoria Court 142-152 Lancing as £238,968 and the rental value as £1,072 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of Flat 4 Victoria Court 142-152 Lancing has increased by £4,213 (1.8%) and its rental value has increased by £50 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 4, Victoria Court 142-152, Lancing is in very good condition we estimate a sale value of £250,916 and rental value of £1,125 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £222,240 and a rental value of £997 per month.
If you were able to purchase this property for the estimated value of £238,968, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,174 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 4, Victoria Court 142-152, Lancing was last sold on 11 Nov 2022 for £220,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Nov 2022, the market for similar properties has dropped 1.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 4, Victoria Court 142-152, Lancing within a radius of 540 metres over the last 2 years.
The most recent example is Flat 9, Victoria Court 142-152, South Street, Lancing, BN15 8BE, a Leasehold flat which sold for £222,500 in Aug 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 4, Victoria Court 142-152, Lancing is the 73rd largest and the 62nd most expensive property on the street.
When compared to the postcode district it is £104k less expensive than the average property in BN15.
Flat 4, Victoria Court 142-152, Lancing has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 29 Apr 2017.
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 4, Victoria Court 142-152, Lancing is Lancing station which is 500 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 4, Victoria Court 142-152, 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 4, Victoria Court 142-152, 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 4, Victoria Court 142-152, 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 4, Victoria Court 142-152, 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 4, Victoria Court 142-152, 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.