10, MERTON CLOSE, BOGNOR REGIS, PO21 5SQ - £295,000

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

10 MERTON CLOSE is a small detached house of 85m², built sometime between 1967 and 1975. It was last sold for £295,000 in March 2021, which was around 39% below the average March 2021 detached price in the Arun local authority area. The most recent EPC inspection was May 2014, where the current energy rating was C, and the potential energy rating was B.

10 MERTON CLOSE Sold Prices

Land registry data shows three sales for 10 MERTON CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Arun local authority area for the corresponding sale date. All of the three 10 MERTON 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
2021 1 MAR	£295,000	£481,909	39% below HPI
2003 17 DEC	£172,500	£265,895	35% below HPI
1999 2 SEP	£94,000	£142,987	34% below HPI

10 MERTON 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 three 10 MERTON CLOSE sales between September 1999 and March 2021 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 December 2003 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the March 2021 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is 10 MERTON CLOSE?

10 MERTON CLOSE is 85m² according to the EPC inspection conducted in May 2014. This puts it in the smallest 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 10 MERTON CLOSE lies on this distribution: 23% of detached houses are smaller than 10 MERTON CLOSE, and 76% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

10 MERTON CLOSE: Plot and Title Map

10 MERTON CLOSE sits on a plot of roughly 0.055 of an acre, or 224m². The below map shows the location of 10 MERTON 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 MERTON 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 MERTON CLOSE?

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