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According to the public record, 2 Steyning House, Lancing is a mid-century leasehold apartment with 290 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Based on available information, and assuming reasonable condition, the estimated sale value for 2 Steyning House, Lancing is £117,072 and the estimated rental value is £736 per month.
The apartment is within Steyning House, Middle Road, Lancing, BN15.
Middle Road, Lancing, BN15 is located in the borough of Adur within the BN15 postal district.
2 Steyning House, Lancing has 2 entries in the Land Registry , most recently in June 2023 and a single entry in the EPC database dated October 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
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 2 Steyning House, Lancing is in very good condition we estimate a sale value of £122,926 and a rental value of £773 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £108,877 and a rental value of £684 per month.
Over the last 12 months the sale value of 2 Steyning House Lancing has decreased by an estimated £902 (0.8%) and its rental value has increased by an estimated £21 per month (2.9%), giving an expected gross yield of 7.5%.
2 Steyning House, Lancing has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 28 Oct 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 2 Steyning House, Lancing was last sold on 26th June 2023 for £120,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since June 2023, the market for similar properties has risen 5.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2 Steyning House, Lancing within a radius of 520 metres over the last 2 years.
The most recent example is 5 Steyning House, Middle Road, Lancing, BN15 9JF, a leasehold flat which sold for £115,000 on the 4th June 2024.
Read more about house prices in BN15.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Middle Road, Lancing, BN15 has a total of 32 addresses. According to our analysis of all the public data, 2 Steyning House, Lancing is the 20th largest and the 23rd most expensive property on the street.
When compared to the postcode district it is £230k less expensive than the average property in BN15.
The closest station to 2 Steyning House, Lancing is Lancing station which is 700 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 2 Steyning House, Lancing, 37.1% of property is privately owned with a mortgage and 31.1% is privately rented.
The graph below shows how this compares to South East 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 2 Steyning House, Lancing, 19.1% of residents are recorded as possessing school level qualifications and 25.8% as possessing degree level qualifications.
The graph below shows how this compares to South East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2 Steyning House, 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 2 Steyning House, 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 2 Steyning House, 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.