15, PARK DRIVE, BOGNOR REGIS, PO22 7RD - £695,000

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

15 PARK DRIVE is a very large extended detached house of 179m², built sometime between 1950 and 1966. It was last sold for £695,000 in February 2022, which was around 30% above the average February 2022 detached price in the Arun local authority area. The most recent EPC inspection was February 2015, where the current energy rating was D, and the potential energy rating was D.

15 PARK DRIVE Sold Prices

Land registry data shows five sales for 15 PARK DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Arun local authority area for the corresponding sale date. All of the five 15 PARK DRIVE 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
2022 24 FEB	£695,000	£534,715	30% above HPI
2015 12 JUN	£500,000	£385,180	30% above HPI
2011 17 JUN	£367,500	£309,200	19% above HPI
2000 23 NOV	£179,950	£177,574	1% above HPI
1995 13 JAN	£136,000	£95,786	42% above HPI

15 PARK DRIVE 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 five 15 PARK DRIVE sales between January 1995 and February 2022 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 June 2015 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the February 2022 sale, which was also at 30% above the HPI.

How Large is 15 PARK DRIVE?

15 PARK DRIVE is 179m², which includes four extensions, according to the EPC inspection conducted in February 2015. This puts it in the largest 20% 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 15 PARK DRIVE lies on this distribution: 88% of detached houses are smaller than 15 PARK DRIVE, and 12% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

15 PARK DRIVE: Plot and Title Map

15 PARK DRIVE sits on a plot of roughly 0.185 of an acre, or 750m². The below map shows the location of 15 PARK DRIVE, 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 PARK DRIVE). 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 PARK DRIVE?

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