According to the public record, Flat D, South View Lodge, Lancing is a modern leasehold apartment with 516 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in South View Lodge, South Street, Lancing, BN15.
South Street, Lancing, BN15 is located in the borough of Adur within the BN15 postal district.
Flat D, South View Lodge, Lancing has a single entry in the Land Registry database from September 2021 and a single entry in the EPC database dated February 2021.
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 D South View Lodge Lancing as £181,676 and the rental value as £940 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of Flat D South View Lodge Lancing has increased by £3,203 (1.8%) and its rental value has increased by £44 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 D, South View Lodge, Lancing is in very good condition we estimate a sale value of £190,760 and rental value of £987 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £168,959 and a rental value of £874 per month.
If you were able to purchase this property for the estimated value of £181,676, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £893 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 D, South View Lodge, Lancing was last sold on 17 Sep 2021 for £175,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Sep 2021, the market for similar properties has risen 4.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat D, South View Lodge, Lancing within a radius of 480 metres over the last 2 years.
The most recent example is 9, Roberts Road, Lancing, BN15 8AR, a Leasehold flat which sold for £220,000 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 D, South View Lodge, Lancing is the 160th largest and the 158th most expensive property on the street.
When compared to the postcode district it is £162k less expensive than the average property in BN15.
Flat D, South View Lodge, Lancing has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 25 Feb 2021.
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 D, South View Lodge, Lancing is Lancing station which is 400 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 D, South View Lodge, Lancing, 33.3% of property is privately owned with a mortgage and 31.4% 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 D, South View Lodge, Lancing, 14.6% of residents are recorded as possessing school level qualifications and 30.3% 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 D, South View Lodge, 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 D, South View Lodge, Lancing, 1.3% 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 D, South View Lodge, 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.