10, MARGARET CLOSE, BOGNOR REGIS, PO21 3AA - £365,000

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

10 MARGARET CLOSE is a midsized extended detached house of 112m², built sometime between 1983 and 1990, which could now be worth an estimated £542,035. It was last sold for £365,000 in January 2015, which was around 6% below the average January 2015 detached price in the Arun local authority area. The most recent EPC inspection was July 2024, where the current energy rating was D, and the potential energy rating was B.

10 MARGARET CLOSE Sold Prices

Land registry data shows two sales for 10 MARGARET 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. One of the two 10 MARGARET CLOSE sales was for below the average price, whilst the other was 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
2015 30 JAN	£365,000	£387,000	6% below HPI
1996 22 MAR	£122,000	£98,600	24% above HPI

10 MARGARET 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 10 MARGARET CLOSE sales from March 1996 and January 2015 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 March 1996 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the January 2015 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 10 MARGARET CLOSE be worth now?

10 MARGARET CLOSE might now be worth an estimated £542,035.

This is based on house price inflation of 48.5%, between January 2015 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 48.5% inflationary increase is applied to the most recent sale price for 10 MARGARET CLOSE of £365,000 on 30th January 2015. For the value to have increased from £365,000 to £542,035 over the nine years and eleven months to February 2025, the following assumptions must hold true:

• The value of 10 MARGARET CLOSE has moved in line with the HPI for detached houses in the Arun local authority area.
• The January 2015 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of 10 MARGARET CLOSE has not materially changed since January 2015.

How Large is 10 MARGARET CLOSE?

10 MARGARET CLOSE is 112m², which includes three extensions, according to the EPC inspection conducted in July 2024. This puts it in the largest 50% 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 10 MARGARET CLOSE lies on this distribution: 50% of detached houses houses are smaller than 10 MARGARET CLOSE, and 49% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

10 MARGARET CLOSE: Plot and Title Map

10 MARGARET CLOSE sits on a plot of roughly 0.126 of an acre, or 511m². The below map shows the location of 10 MARGARET 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 10 MARGARET 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 10 MARGARET CLOSE?

10 MARGARET CLOSE is located in BOGNOR REGIS, in the PO21 postcode district. The below map shows the position of No. 10 on MARGARET CLOSE.