According to the public record, Flat 9, Priory Gate, Lancing is a modern leasehold apartment and with 538 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Priory Gate, North Road, Lancing, BN15.
North Road, Lancing, BN15 is located in the borough of Adur within the BN15 postal district.
Flat 9, Priory Gate, Lancing has a single entry in the Land Registry database from June 2014 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 9 Priory Gate Lancing as £186,465 and the rental value as £966 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of Flat 9 Priory Gate Lancing has decreased by £1,181 (0.6%) and its rental value has increased by £21 per month (2.2%).
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 9, Priory Gate, Lancing is in very good condition we estimate a sale value of £195,789 and rental value of £1,015 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £173,413 and a rental value of £899 per month.
If you were able to purchase this property for the estimated value of £186,465, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £916 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 9, Priory Gate, Lancing was last sold on 06 Jun 2014 for £138,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jun 2014, the market for similar properties has risen 38.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 9, Priory Gate, Lancing within a radius of 0m over the last 2 years.
The most recent example is Flat 8, Priory Gate, North Road, Lancing, BN15 9BE, a Leasehold flat which sold for £180,000 in Sep 2021.
Read more about house prices in BN15.
North Road, Lancing, BN15 has a total of 108 addresses. According to our analysis of all the public data, Flat 9, Priory Gate, Lancing is the 74th largest and the 63rd most expensive property on the street.
When compared to the postcode district it is £157k less expensive than the average property in BN15.
Flat 9, Priory Gate, Lancing has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 14 Dec 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to Flat 9, Priory Gate, Lancing is Lancing station which is 500 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 9, Priory Gate, Lancing, 73.1% of property is socially rented and 9.2% 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 9, Priory Gate, Lancing, 27.6% of residents are recorded as possessing school level qualifications and 13.4% 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 9, Priory Gate, 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 9, Priory Gate, 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 9, Priory Gate, Lancing, there are an average of 1.1 cars per household.
See below for how this compares to South East and the rest of England & Wales.