1, RAYCROFT CLOSE, BOGNOR REGIS, PO21 3DG - £450,000

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 RAYCROFT CLOSE is a large extended detached house of 138m², built sometime between 1950 and 1966, which could now be worth an estimated £608,476. It was last sold for £450,000 in April 2016, which was around 6% above the average April 2016 detached price in the Arun local authority area. The most recent EPC inspection was April 2022, where the current energy rating was C, and the potential energy rating was B.

1 RAYCROFT CLOSE Sold Prices

Land registry data shows two sales for 1 RAYCROFT CLOSE 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 RAYCROFT CLOSE sales were for above 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
2016 21 APR	£450,000	£425,025	6% above HPI
2000 30 JUN	£243,000	£177,833	37% above HPI

1 RAYCROFT 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 two 1 RAYCROFT CLOSE sales from June 2000 and April 2016 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 2000 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the April 2016 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 1 RAYCROFT CLOSE be worth now?

1 RAYCROFT CLOSE might now be worth an estimated £608,476.

This is based on house price inflation of 35.2%, between April 2016 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 35.2% inflationary increase is applied to the most recent sale price for 1 RAYCROFT CLOSE of £450,000 on 21st April 2016. For the value to have increased from £450,000 to £608,476 over the nine years and two months to February 2025, the following assumptions must hold true:

• The value of 1 RAYCROFT CLOSE has moved in line with the HPI for detached houses in the Arun local authority area.
• The April 2016 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of 1 RAYCROFT CLOSE has not materially changed since April 2016.

How Large is 1 RAYCROFT CLOSE?

1 RAYCROFT CLOSE is 138m², which includes one extension, according to the EPC inspection conducted in April 2022. This puts it in the largest 30% 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 RAYCROFT CLOSE lies on this distribution: 70% of detached houses houses are smaller than 1 RAYCROFT CLOSE, and 30% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

1 RAYCROFT CLOSE: Plot and Title Map

1 RAYCROFT CLOSE sits on a plot of roughly 0.168 of an acre, or 680m². The below map shows the location of 1 RAYCROFT 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 RAYCROFT 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 RAYCROFT CLOSE?

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