Flat 5, Oaklands 83
Flat 5, Oaklands 83
Description & Estimates
Flat 5, Oaklands 83, Lancing appears in the public record as a leasehold apartment.
We estimate it to be a modern apartment with 350 ft2 of internal area by comparing it to nearby properties.
Locally, apartments of this size normally have 1 bedroom.
Our estimate of the sale value of Flat 5, Oaklands 83, Lancing is £137,676 and its rental estimate is £827 per month, given the available information and assuming reasonable condition.
Oaklands, Penhill Road is a residential building on Penhill Road, Lancing, BN15 and falls within the BN15 postal district and the borough of Adur.
Our Data Sources
Flat 5, Oaklands 83, Lancing has 31 entries in the Land Registry , most recently in July 2012 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 5 out of 5 and is considered of high accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For Flat 5, Oaklands 83, Lancing, we estimate a market value of £144,560 and a rental value of £869 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £128,039 and £770 per month respectively.
Recent Market Change
Over the last year, Flat 5, Oaklands 83, Lancing has seen its estimated sale value drop by £1,061 (0.8%) and its estimated rental value rise by £24 per month (2.9%). This results in an estimated gross rental yield of 7.2%.
Sold Prices
The most recent sale of Flat 5, Oaklands 83, Lancing completed on 9th July 2012 at £79,500 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold 3 times.
Values of comparable properties have risen by 71.0% over the period since July 2012.
- Sold Jul 2012£79,500
- Sold Aug 2007£95,000
- Sold Sep 2000£36,500
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 5, Oaklands 83, Lancing have sold within a radius of 490 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 19th December 2025, was Flat 3, Hazelwood Lodge 85, Penhill Road, Lancing, BN15 8HB, a leasehold flat which sold for £125,000.
Read more about house prices in BN15.
- Sold Dec 2025£125,000 | 1 Bed FlatHazelwood Lodge 85, Penhill RoadFlat 3, Hazelwood Lodge 85, Penhill Road, Lancing, BN15 8HB
- Sold Aug 2025£132,000 | 1 Bed FlatOaklands 83, Penhill RoadFlat 6, Oaklands 83, Penhill Road, Lancing, BN15 8HB
- Sold Mar 2025£143,000 | 1 Bed FlatOaklands 83, Penhill RoadFlat 4, Oaklands 83, Penhill Road, Lancing, BN15 8HB
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 186 addresses on Penhill Road, Lancing, BN15, Flat 5, Oaklands 83, Lancing comes out as the 183rd largest and the 177th most expensive in our analysis of the public data.
It is also £210k less expensive than the average property across the BN15 district.
More reading links
Schools Nearby
- 500mSeaside Primary School
- 1.2kmThe Globe Primary Academy
- 1.8kmNorth Lancing Primary School
- 1.6kmThe Sir Robert Woodard Academy
- 2.6kmDavison Church of England High School for Girls, Worthing
- 3.4kmSt Andrew's CofE High School
More reading links
Public Transport Nearby
From Flat 5, Oaklands 83, Lancing, the nearest station is Lancing, 400 metres away.
- 400mLancing
- 2.5kmEast Worthing
- 3.5kmShoreham-by-Sea
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
