Average Price for property in Penhill Road, Lancing, BN15 is around £182,623 which varies based on type of property you are interested in and ranges from £331,177 for detached house to around £262,820 for semi-detached. Similarly terraced house is around £203,784 and a flat is worth £128,307. Values have been changing and have risen £613 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,026 in last 6 months, £12,716 in last 1 year, £23,253 in last 2 years, £28,642 in last 3 years, £27,344 in last 4 years and £25,973 in last 5 years.
Currently average asking price of a property in Penhill Road, Lancing, BN15 is around £283,113 based on approximately 5 properties for sale. Same is the case with rental options based on 20 properties up for rent, average asking rent is around £1,265 per month.
Estimated property value in Penhill Road, Lancing, BN15 is £182,623. Average asking price is £283,113 while average price paid is £219,010 which is up by £12,716 and Avg. asking rent £1,265.Based on an Online Survey
Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Penhill Road, Lancing, BN15 area. In last 1 year alone average price buyer paid is around £219,010 based on approximately 5 sales in Penhill Road, Lancing, BN15 area alone. If you compare it to last 3 years sales of 28 properties where buyers paid around £179,123. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £166,626 for 43 and average amount paid for purchase of approx. 62 properties sold in last 7 years comes to about £164,030 per sale.