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House Prices in BN15 House Prices in BN15 (Lancing)

The average house price in BN15 (Lancing) is £291,642 using HM Land Registry data.

The average property price increased by £83,372 (15.07%) over the last 5 years and increased by £16,705 (2.45%) over the last 12 months.

Over the last year, there were 284 residential property sales – a decrease of 95 transactions (-33.45%) relative to the previous year. The majority of house sales (88) were in the £298,000 - £352,000 range. Then came properties in the £352,000 - £406,000 range, where 59 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 93 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,400 (-1%).

In Oct 24, there were 94 new estate agency instructions, 73 agreed home sales and 46 property price reductions.

Nearby Postcodes: BN11, BN12, BN13, BN14, BN41, BN42, BN43, BN44, BN5, RH13, RH20

5-Year Average Property Prices in BN15 (Lancing)

15.07%

Property prices in Lancing increased by 15.07% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in BN15 (Lancing) Over the Last Year

2.45%

Property prices in Lancing increased by 2.45% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for BN15 (Lancing) - Oct 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in BN15 (Lancing)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in BN15 (Lancing)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in BN15 (Lancing)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the BN15 (Lancing) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the BN15 postcode area since 1995.

Recent Sales in BN15 (Lancing)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
51 Greentrees Crescent, Sompting, Lancing, West Sussex, BN15 9ST£335,000£331,000-£4,00017 May 202416 Aug 202491 Days
2 Grantsmead, Lancing, West Sussex, BN15 0PG£625,000£600,000-£25,00012 Mar 202409 Aug 2024150 Days
42 Boundstone Lane, Lancing, West Sussex, BN15 9QW£600,000£575,000-£25,00002 Feb 202409 Aug 2024189 Days
21 Western Road North, Sompting, Lancing, West Sussex, BN15 9UX£380,000£375,000-£5,00002 Mar 202409 Aug 2024160 Days
18 Osborne Close, Sompting, Lancing, West Sussex, BN15 9UZ£485,000£475,000-£10,00031 Jan 202409 Aug 2024191 Days
11 Rectory Farm Road, Sompting, Lancing, West Sussex, BN15 0DP£325,000£320,000-£5,00024 Nov 202309 Aug 2024259 Days
133 West Way, Lancing, West Sussex, BN15 8NB£375,000£340,000-£35,00016 Nov 202307 Aug 2024265 Days
77 Western Road, Lancing, West Sussex, BN15 8SD£350,000£345,000-£5,00026 Dec 202331 Jul 2024218 Days
72 First Avenue, Lancing, West Sussex, BN15 9QF£300,000£300,000£0026 Mar 202430 Jul 2024126 Days
9 Edwin Close, Sompting, Lancing, West Sussex, BN15 9UU£400,000£395,000-£5,00015 Mar 202419 Jul 2024126 Days
80 Shadwells Road, Lancing, West Sussex, BN15 9EW£315,000£300,000-£15,00019 Mar 202419 Jul 2024122 Days
4 Russells Drive, Lancing, West Sussex, BN15 8BT£400,000£390,000-£10,00004 Mar 202417 Jul 2024135 Days
18 Bramber Close, Sompting, Lancing, West Sussex, BN15 0JA£425,000£415,000-£10,00006 Mar 202405 Jul 2024121 Days
13 Tristram Close, Sompting, Lancing, West Sussex, BN15 0BQ£350,000£348,000-£2,00020 Feb 202428 Jun 2024129 Days
77 Kings Road, Lancing, West Sussex, BN15 8EG£299,950£296,500-£3,45007 Feb 202421 Jun 2024135 Days
55 Daniel Close, Lancing, West Sussex, BN15 9EH£300,000£300,000£0003 Apr 202421 Jun 202479 Days
27 Shadwells Road, Lancing, West Sussex, BN15 9EN£290,000£290,000£0018 Jan 202413 Jun 2024147 Days
9 Seaside Road, Lancing, West Sussex, BN15 8DD£325,000£320,000-£5,00028 Mar 202407 Jun 202471 Days
Rose Cottage, Alma Street, Lancing, West Sussex, BN15 8AX£350,000£330,000-£20,00018 Aug 202307 Jun 2024294 Days
115 Howard Road, Sompting, Lancing, West Sussex, BN15 0LP£360,000£357,000-£3,00009 Feb 202403 Jun 2024115 Days

Most Expensive Streets in BN15 (Lancing)

PostcodeStreetAreaAverageNo. of Sales
BN15 0NZFirle RoadLancing£795,0003
BN15 8RHBrighton RoadLancing£781,6663
BN15 0AXWest Street, SomptingLancing£745,0003
BN15 0QERing RoadLancing£701,3128
BN15 8LNBrighton RoadLancing£675,0004
BN15 0PAFairview RoadLancing£653,7504
BN15 0QFRing RoadLancing£651,1254
BN15 8ETBrighton RoadLancing£640,5006
BN15 9FQSmall Copper CloseLancing£593,8889
BN15 8LWBrighton RoadLancing£548,3333

Least Expensive Streets in BN15 (Lancing)

PostcodeStreetAreaAverageNo. of Sales
BN15 9JFSteyning House, Middle RoadLancing£118,9005
BN15 8DTFreshbrook Court, Freshbrook RoadLancing£127,7504
BN15 8DSFreshbrook RoadLancing£131,8889
BN15 8JUBeachville Court, Brighton RoadLancing£135,4449
BN15 0DWMillfield, SomptingLancing£140,0005
BN15 0BZWhite Styles Road, SomptingLancing£146,6663
BN15 0BTSylvan Road, SomptingLancing£152,5004
BN15 9PNThe Hollies, Crabtree LaneLancing£155,5004
BN15 8PACourtfields, Elm GroveLancing£157,53514
BN15 0DGMontague Court, Dankton GardensLancing£161,1254

Explore BN15 (Lancing) using map

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