7 Cherry Tree Lodge, Lancing
7 Cherry Tree Lodge, Lancing
Description & Estimates
According to the public record, 7 Cherry Tree Lodge, Lancing is a mid-century apartment with 538 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 7 Cherry Tree Lodge, Lancing is £183,329 and the estimated rental value is £1,019 per month.
The apartment is within Cherry Tree Lodge, Boundstone Lane, Sompting, Lancing, BN15.
Boundstone Lane, Sompting, Lancing, BN15 is located in the borough of Adur within the BN15 postal district.
Our Data Sources
7 Cherry Tree Lodge, Lancing has no recent1 records in the the Land Registry and a single entry in the EPC database dated March 2020.
We combine this information with public data 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.
Price Range & Condition
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 7 Cherry Tree Lodge, Lancing is in very good condition we estimate a sale value of £192,496 and a rental value of £1,070 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £170,496 and a rental value of £947 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 7 Cherry Tree Lodge, Lancing has moved down by £1,443 (0.8%), while its estimated rental value has increased by £29 per month (2.8%). Based on current estimates, the property offers a gross rental yield of 6.7%.
Energy Efficiency
7 Cherry Tree Lodge, Lancing has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 18 Mar 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
Sold Prices
According to HM Land Registry, 7 Cherry Tree Lodge, Lancing was last sold on 5th May 2000 for £50,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
- Sold May 2000£50,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7 Cherry Tree Lodge, Lancing within a radius of 530 metres over the last 2 years.
The most recent example is 8 Cherry Tree Lodge, Boundstone Lane, Lancing, BN15 9QH, a leasehold flat which sold for £208,000 on the 9th August 2024.
Read more about house prices in BN15.
- Sold Aug 2024£208,000 | 2 Bed FlatBoundstone Lane8 Cherry Tree Lodge, Boundstone Lane, Lancing, BN15 9QH
- Sold Nov 2023£195,000 | 2 Bed FlatBoundstone Lane5 Cherry Tree Lodge, Boundstone Lane, Lancing, BN15 9QH
- Sold Jan 2018£145,000 | 2 Bed FlatBoundstone Lane1 Cherry Tree Lodge, Boundstone Lane, Lancing, BN15 9QH
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Boundstone Lane, Sompting, Lancing, BN15 has a total of 73 addresses. According to our analysis of all the public data, 7 Cherry Tree Lodge, Lancing is the 64th largest and the 67th most expensive property on the street.
When compared to the postcode district it is £164k less expensive than the average property in BN15.
More reading links
Schools Nearby
- 400mThe Globe Primary Academy
- 900mSompting Village Primary School
- 1.1kmNorth Lancing Primary School
- 500mThe Sir Robert Woodard Academy
- 2.2kmDavison Church of England High School for Girls, Worthing
- 2.7kmSt Andrew's CofE High School
More reading links
Public Transport Nearby
The closest station to 7 Cherry Tree Lodge, Lancing is Lancing station, which is 800 metres away.
- 800mLancing
- 2.0kmEast Worthing
- 3.5kmWorthing
Available Internet Speeds
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
