1, PALM TERRACE, 1, RENOIR MEWS, BOGNOR REGIS, PO22 9AU - £84,995

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 PALM TERRACE is a very small extended detached house of 65m², built sometime between 1967 and 1975, which could now be worth an estimated £360,413. It was last sold for £84,995 in May 1999, which was around 37% below the average May 1999 detached price in the Arun local authority area. The most recent EPC inspection was June 2021, where the current energy rating was D, and the potential energy rating was B.

1 PALM TERRACE Sold Prices

Land registry data shows two sales for 1 PALM TERRACE 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 PALM TERRACE 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
1999 21 MAY	£84,995	£135,531	37% below HPI
1995 23 JUN	£60,000	£99,820	40% below HPI

1 PALM TERRACE 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 PALM TERRACE sales from June 1995 and May 1999 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 June 1995 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the May 1999 sale, where it rises to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 1 PALM TERRACE be worth now?

1 PALM TERRACE might now be worth an estimated £360,413.

This is based on house price inflation of 324%, between May 1999 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 324% inflationary increase is applied to the most recent sale price for 1 PALM TERRACE of £84,995 on 21st May 1999. For the value to have increased from £84,995 to £360,413 over the 26 years and three months to February 2025, the following assumptions must hold true:

• The value of 1 PALM TERRACE has moved in line with the HPI for detached houses in the Arun local authority area.
• The May 1999 sale price of £84,995 represented a fair market value for the property.
• The size, condition, and specification of 1 PALM TERRACE has not materially changed since May 1999.

How Large is 1 PALM TERRACE?

1 PALM TERRACE is 65m², which includes two extensions, according to the EPC inspection conducted in June 2021. This puts it in the smallest 10% 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 PALM TERRACE lies on this distribution: 5% of detached houses houses are smaller than 1 PALM TERRACE, and 95% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

1 PALM TERRACE: Plot and Title Map

1 PALM TERRACE sits on a plot of roughly 0.054 of an acre, or 220m². The below map shows the location of 1 PALM TERRACE, 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 PALM TERRACE). 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 PALM TERRACE?

1, PALM TERRACE is located on RENOIR MEWS in BOGNOR REGIS, in the PO22 postcode district. The below map shows the position of 1, PALM TERRACE on RENOIR MEWS.