Values have been changing and have risen £555 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,835 in last 6 months, £11,519 in last 1 year, £21,066 in last 2 years, £25,946 in last 3 years, £24,770 in last 4 years and £23,529 in last 5 years.
Currently average asking price of a property in Sylvan Road, Sompting, Lancing, BN15 is around £283,113 based on approximately 1 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 Sylvan Road, Sompting, Lancing, BN15 is £169,280. Average asking price is £283,113 while average price paid is £185,000 which is up by £11,519 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 Sylvan Road, Sompting, Lancing, BN15 area. In last 1 year alone average price buyer paid is around £185,000 based on approximately 1 sales in Sylvan Road, Sompting, Lancing, BN15 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £174,500. 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 £141,400 for 5 and average amount paid for purchase of approx. 7 properties sold in last 7 years comes to about £128,107 per sale.