117, ELMER ROAD, BOGNOR REGIS, PO22 6LH - £155,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

117 ELMER ROAD is a small extended semi-detached house of 97m², built sometime between 1930 and 1949. It was last sold for £155,000 in July 2023, which was around 72% below the average July 2023 detached price in the Arun local authority area. The most recent EPC inspection was August 2021, where the current energy rating was D, and the potential energy rating was C.

117 ELMER ROAD Sold Prices

Land registry data shows three sales for 117 ELMER ROAD 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 117 ELMER ROAD 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
2023 18 JUL	£155,000	£546,811	72% below HPI
2022 25 APR	£355,000	£536,855	34% below HPI
2018 22 JUN	£240,000	£453,272	47% below HPI

117 ELMER ROAD 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 117 ELMER ROAD sales between June 2018 and July 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 April 2022 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the July 2023 sale, where it falls to 72% below the HPI. The line then continues to track at 72% below the HPI.

How Large is 117 ELMER ROAD?

117 ELMER ROAD is 97m², which includes one extension, according to the EPC inspection conducted in August 2021. This puts it in the smallest 40% 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 117 ELMER ROAD lies on this distribution: 35% of detached houses are smaller than 117 ELMER ROAD, and 64% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

Where is 117 ELMER ROAD?

117 ELMER ROAD is located in BOGNOR REGIS, in the PO22 postcode district. The below map shows the position of No. 117 on ELMER ROAD.