According to the public record, Flat 7, Abinger Lodge 439, Lancing is a mid-century leasehold apartment and with 721 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Abinger Lodge, Brighton Road, Lancing, BN15.
Brighton Road, Lancing, BN15 is located in the borough of Adur within the BN15 postal district.
Flat 7, Abinger Lodge 439, Lancing has 41 entries in the Land Registry database, most recently in July 2023 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 7 Abinger Lodge 439 Lancing as £231,356 and the rental value as £1,036 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of Flat 7 Abinger Lodge 439 Lancing has increased by £4,306 (1.9%) and its rental value has increased by £52 per month (5.0%).
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 7, Abinger Lodge 439, Lancing is in very good condition we estimate a sale value of £242,924 and rental value of £1,087 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £215,161 and a rental value of £963 per month.
If you were able to purchase this property for the estimated value of £231,356, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,137 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 7, Abinger Lodge 439, Lancing was last sold on 28 Jul 2023 for £270,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Jul 2023, the market for similar properties has risen 1.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 7, Abinger Lodge 439, Lancing within a radius of 507m over the last 2 years.
The most recent example is 15 Broadway Court, Brighton Road, Lancing, BN15 8JT, a Leasehold flat which sold for £200,000 in Jan 2024.
Read more about house prices in BN15.
Brighton Road, Lancing, BN15 has a total of 846 addresses. According to our analysis of all the public data, Flat 7, Abinger Lodge 439, Lancing is the 469th largest and the 550th most expensive property on the street.
When compared to the postcode district it is £112k less expensive than the average property in BN15.
Flat 7, Abinger Lodge 439, Lancing has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 18 Jun 2019.
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 Flat 7, Abinger Lodge 439, Lancing is Shoreham-by-Sea station which is 1.9 km 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 7, Abinger Lodge 439, Lancing, 35.9% of property is privately owned with a mortgage and 35.2% 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 7, Abinger Lodge 439, Lancing, 12.0% of residents are recorded as possessing school level qualifications and 28.2% 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 7, Abinger Lodge 439, Lancing, the average age was 45.7 and the most common age was 52.
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 7, Abinger Lodge 439, 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 7, Abinger Lodge 439, Lancing, there are an average of 1.3 cars per household.
See below for how this compares to South East and the rest of England & Wales.