1, SEA WAY, ELMER, BOGNOR REGIS, PO22 6JX - £875,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 SEA WAY is a large extended detached house of 154m², built sometime between 1930 and 1949. It was last sold for £875,000 in May 2023, which was around 58% above the average May 2023 detached price in the Arun local authority area. The most recent EPC inspection was May 2022, where the current energy rating was C, and the potential energy rating was B.

1 SEA WAY Sold Prices

Land registry data shows two sales for 1 SEA WAY 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 SEA WAY 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
2023 4 MAY	£875,000	£554,991	58% above HPI
2007 16 FEB	£395,000	£315,334	25% above HPI

1 SEA WAY 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 SEA WAY sales from February 2007 and May 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 February 2007 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the May 2023 sale, where it rises to 58% above the HPI. The line then continues to track at 58% above the HPI.

How Large is 1 SEA WAY?

1 SEA WAY is 154m², which includes three extensions, according to the EPC inspection conducted in May 2022. This puts it in the largest 30% 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 SEA WAY lies on this distribution: 80% of detached houses are smaller than 1 SEA WAY, and 20% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

1 SEA WAY: Plot and Title Map

1 SEA WAY sits on a plot of roughly 0.108 of an acre, or 436m². The below map shows the location of 1 SEA WAY, 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 SEA WAY). 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 SEA WAY?

1 SEA WAY is located in ELMER, in the PO22 postcode district. The below map shows the position of No. 1 on SEA WAY.