Average Price for property in Lancing is around £239,578 which varies based on type of property you are interested in and ranges from £319,228 for detached house to around £248,577 for semi-detached. Similarly terraced house is around £221,118 and a flat is worth £150,866. Values have been changing and have risen £762 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,939 in last 6 months, £17,151 in last 1 year, £29,039 in last 2 years, £37,855 in last 3 years, £31,227 in last 4 years and £27,867 in last 5 years.
Currently average asking price of a property in Lancing is around £385,252 based on approximately 425 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 Lancing is £239,578. Average asking price is £385,252 while average price paid is £225,059 which is up by £17,151 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 Lancing area. In last 1 year alone average price buyer paid is around £225,059 based on approximately 425 sales in Lancing area alone. If you compare it to last 3 years sales of 1,288 properties where buyers paid around £209,224. 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 £201,049 for 2,059 and average amount paid for purchase of approx. 2,765 properties sold in last 7 years comes to about £196,439 per sale.