Flat 5, Spells Yard 1
Flat 5, Spells Yard 1
Description & Estimates
According to the public record, Flat 5, Spells Yard 1, Worthing is a modern leasehold apartment with 979 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 5, Spells Yard 1, Worthing is £291,375 and the estimated rental value is £1,311 per month.
The apartment is within Spells Yard, Grafton Place, Worthing, BN11.
Grafton Place, Worthing, BN11 is located in the borough of Worthing within the BN11 postal district.
Our Data Sources
Flat 5, Spells Yard 1, Worthing has 2 entries in the Land Registry , most recently in August 2018 and a single entry in the EPC database dated November 2014.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium 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 Flat 5, Spells Yard 1, Worthing is in very good condition we estimate a sale value of £305,943 and a rental value of £1,377 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £270,978 and a rental value of £1,220 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Flat 5, Spells Yard 1, Worthing has increased by £121 (0.0%), while its estimated rental value has grown by £40 per month (3.1%). Based on current estimates, the property offers a gross rental yield of 5.4%.
Energy Efficiency
Flat 5, Spells Yard 1, Worthing has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 01 Nov 2014.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and underfloor heating, mains gas.
Sold Prices
According to HM Land Registry, Flat 5, Spells Yard 1, Worthing was last sold on 30th August 2018 for £280,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since August 2018, the market for similar properties has risen by 10.2%.
- Sold Aug 2018£280,000
- Sold Dec 2014£225,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 5, Spells Yard 1, Worthing within a radius of 370 metres over the last 2 years.
The most recent example is Flat 1, 23A, South Street, Worthing, BN11 3AW, a leasehold flat which sold for £290,000 on the 27th February 2023.
Read more about house prices in BN11.
- Sold Feb 2023£290,000 | 3 Bed FlatFlat 1, 23A, South Street, Worthing, BN11 3AWFlat 1, 23A, South Street, Worthing, BN11 3AW
- Sold Sep 2022£265,000 | 3 Bed FlatFlat 2A, Spells Yard 1, Grafton Place, Worthing, BN11 1ARFlat 2A, Spells Yard 1, Grafton Place, Worthing, BN11 1AR
- Sold Mar 2020£320,000 | 3 Bed Flat1, Christchurch Hall Apartments 78, Portland Road, Worthing, BN11 1QG1, Christchurch Hall Apartments 78, Portland Road, Worthing, BN11 1QG
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Grafton Place, Worthing, BN11 has a total of 11 addresses. According to our analysis of all the public data, Flat 5, Spells Yard 1, Worthing is the 4th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £19k less expensive than the average property in BN11.
More reading links
Schools Nearby
- 500mSt Mary's Catholic Primary School
- 600mHeene CofE Primary School
- 1.1kmHomefield Primary School and SSC
- 1.2kmSt Andrew's CofE High School
- 1.3kmWorthing High School
- 1.4kmBohunt School Worthing
More reading links
Public Transport Nearby
The closest station to Flat 5, Spells Yard 1, Worthing is Worthing station, which is 700 metres away.
- 700mWorthing
- 1.5kmWest Worthing
- 1.7kmEast Worthing
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.
