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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 5, Russells Drive, Lancing is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 1,025 ft2 of internal area and sits on a 436 m2 plot and a garden.
Houses of this size in this area normally have 3 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 5, Russells Drive, Lancing is £468,961 and the estimated rental value is £1,790 per month.
Russells Drive, Lancing, BN15 is located in the borough of Adur within the BN15 postal district.
5, Russells Drive, Lancing has a single entry in the Land Registry from September 2011 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 2 out of 5 and is considered of medium 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 5, Russells Drive, Lancing is in very good condition we estimate a sale value of £492,410 and a rental value of £1,879 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £436,134 and a rental value of £1,665 per month.
Over the last 12 months the sale value of 5 Russells Drive Lancing has decreased by an estimated £2,497 (0.5%) and its rental value has increased by an estimated £46 per month (2.5%), giving an expected gross yield of 4.6%.
According to data from HM Land Registry, 5, Russells Drive, Lancing sits on a plot of 436m2.
We have plot size data on 5 out of 5 other houses in the postcode and 5, Russells Drive, Lancing sits on the 2nd largest plot.
According to HM Land Registry, 5, Russells Drive, Lancing was last sold on 7th September 2011 for £220,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since September 2011, the market for similar properties has risen 89.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Russells Drive, Lancing within a radius of 460 metres over the last 2 years.
The most recent example is 2, Russells Drive, Lancing, BN15 8BT, a freehold house which sold for £525,000 on the 29th January 2024.
Read more about house prices in BN15.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Russells Drive, Lancing, BN15 has a total of 11 addresses. According to our analysis of all the public data, 5, Russells Drive, Lancing is the 2nd largest and the most expensive property on the street.
When compared to the postcode district it is £116k more expensive than the average property in BN15.
The closest station to 5, Russells Drive, Lancing is Lancing station which is 300 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 5, Russells Drive, Lancing, 56.7% of property is privately owned outright and 19.9% is privately owned with a mortgage.
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 5, Russells Drive, Lancing, 10.1% of residents are recorded as possessing school level qualifications and 16.5% 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 5, Russells Drive, 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 5, Russells Drive, Lancing, 0.8% 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 5, Russells Drive, 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.
