15, DRYGROUNDS LANE, BOGNOR REGIS, PO22 8PS - £415,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

15 DRYGROUNDS LANE is a small extended detached house of 93m², built sometime between 1967 and 1975, which could now be worth an estimated £540,552. It was last sold for £415,000 in January 2017, which was around 6% below the average January 2017 detached price in the Arun local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was B.

15 DRYGROUNDS LANE Sold Prices

Land registry data shows three sales for 15 DRYGROUNDS LANE 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 15 DRYGROUNDS LANE 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
2017 6 JAN	£415,000	£441,221	6% below HPI
2014 22 MAY	£250,000	£361,561	31% below HPI
1995 14 NOV	£78,000	£97,312	20% below HPI

15 DRYGROUNDS LANE 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 15 DRYGROUNDS LANE sales between November 1995 and January 2017 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 May 2014 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the January 2017 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 15 DRYGROUNDS LANE be worth now?

15 DRYGROUNDS LANE might now be worth an estimated £540,552.

This is based on house price inflation of 30.3%, between January 2017 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 30.3% inflationary increase is applied to the most recent sale price for 15 DRYGROUNDS LANE of £415,000 on 6th January 2017. For the value to have increased from £415,000 to £540,552 over the seven years and eleven months to February 2025, the following assumptions must hold true:

• The value of 15 DRYGROUNDS LANE has moved in line with the HPI for detached houses in the Arun local authority area.
• The January 2017 sale price of £415,000 represented a fair market value for the property.
• The size, condition, and specification of 15 DRYGROUNDS LANE has not materially changed since January 2017.

How Large is 15 DRYGROUNDS LANE?

15 DRYGROUNDS LANE is 93m², which includes one extension, according to the EPC inspection conducted in February 2014. This puts it in the smallest 40% 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 15 DRYGROUNDS LANE lies on this distribution: 31% of detached houses houses are smaller than 15 DRYGROUNDS LANE, and 68% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

15 DRYGROUNDS LANE: Plot and Title Map

15 DRYGROUNDS LANE sits on a plot of roughly 0.133 of an acre, or 538m². The below map shows the location of 15 DRYGROUNDS LANE, 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 15 DRYGROUNDS LANE). 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 15 DRYGROUNDS LANE?

15 DRYGROUNDS LANE is located in BOGNOR REGIS, in the PO22 postcode district. The below map shows the position of No. 15 on DRYGROUNDS LANE.