1, LOVELLS CLOSE, BOGNOR REGIS, PO21 3HY - £495,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 LOVELLS CLOSE is a midsized extended detached house of 118m², built sometime between 1967 and 1975. It was last sold for £495,000 in October 2022, which was around 13% below the average October 2022 detached price in the Arun local authority area. The most recent EPC inspection was March 2022, where the current energy rating was C, and the potential energy rating was B.

1 LOVELLS CLOSE Sold Prices

Land registry data shows four sales for 1 LOVELLS CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Arun local authority area for the corresponding sale date. All of the four 1 LOVELLS CLOSE 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
2022 7 OCT	£495,000	£566,180	13% below HPI
2005 21 JAN	£250,000	£289,319	14% below HPI
1999 25 JUN	£114,950	£132,420	13% below HPI
1998 6 MAR	£88,000	£118,162	26% below HPI

1 LOVELLS CLOSE 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 four 1 LOVELLS CLOSE sales between March 1998 and October 2022 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 January 2005 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the October 2022 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 1 LOVELLS CLOSE?

1 LOVELLS CLOSE is 118m², which includes two extensions, according to the EPC inspection conducted in March 2022. This puts it in the largest 50% of detached houses in Bognor Regis, based on EPC data. The below chart shows the distribution of detached houses by size in Bognor Regis, and where 1 LOVELLS CLOSE lies on this distribution: 55% of detached houses are smaller than 1 LOVELLS CLOSE, and 44% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

1 LOVELLS CLOSE: Plot and Title Map

1 LOVELLS CLOSE sits on a plot of roughly 0.109 of an acre, or 440m². The below map shows the location of 1 LOVELLS CLOSE, 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 LOVELLS CLOSE). 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 LOVELLS CLOSE?

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