1, GRANGEWOOD DRIVE, BOGNOR REGIS, PO21 4LT - £530,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 GRANGEWOOD DRIVE is a very small detached house of 80m², built sometime between 1983 and 1990, which could now be worth an estimated £533,581. It was last sold for £530,000 in August 2023, which was around 7% below the average August 2023 detached price in the Arun local authority area. The most recent EPC inspection was April 2023, where the current energy rating was D, and the potential energy rating was B.

1 GRANGEWOOD DRIVE Sold Prices

Land registry data shows two sales for 1 GRANGEWOOD DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Arun local authority area for the corresponding sale date. Both of the two 1 GRANGEWOOD DRIVE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2023 25 AUG	£530,000	£570,849	7% below HPI
2006 14 DEC	£250,000	£324,877	23% below HPI

1 GRANGEWOOD DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Arun local authority area over time, sourced from the HPI. The two 1 GRANGEWOOD DRIVE sales from December 2006 and August 2023 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the December 2006 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the August 2023 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 1 GRANGEWOOD DRIVE be worth now?

1 GRANGEWOOD DRIVE might now be worth an estimated £533,581.

This is based on house price inflation of 0.7%, between August 2023 and February 2025, for detached houses, in the Arun local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.7% inflationary increase is applied to the most recent sale price for 1 GRANGEWOOD DRIVE of £530,000 on 25th August 2023. For the value to have increased from £530,000 to £533,581 over the two years and six months to February 2025, the following assumptions must hold true:

• The value of 1 GRANGEWOOD DRIVE has moved in line with the HPI for detached houses in the Arun local authority area.
• The August 2023 sale price of £530,000 represented a fair market value for the property.
• The size, condition, and specification of 1 GRANGEWOOD DRIVE has not materially changed since August 2023.

How Large is 1 GRANGEWOOD DRIVE?

1 GRANGEWOOD DRIVE is 80m² according to the EPC inspection conducted in April 2023. This puts it in the smallest 20% of detached houses houses in Bognor Regis, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bognor Regis, and where 1 GRANGEWOOD DRIVE lies on this distribution: 18% of detached houses houses are smaller than 1 GRANGEWOOD DRIVE, and 82% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

1 GRANGEWOOD DRIVE: Plot and Title Map

1 GRANGEWOOD DRIVE sits on a plot of roughly 0.187 of an acre, or 755m². The below map shows the location of 1 GRANGEWOOD DRIVE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 GRANGEWOOD DRIVE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 GRANGEWOOD DRIVE?

1 GRANGEWOOD DRIVE is located in BOGNOR REGIS, in the PO21 postcode district. The below map shows the position of No. 1 on GRANGEWOOD DRIVE.