17, MERLIN WAY, BOGNOR REGIS, PO22 6RN - £173,500

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.

17 MERLIN WAY is a very small semi-detached house of 71m², built sometime between 1976 and 1982, which could now be worth an estimated £282,910. It was last sold for £173,500 in February 2014, which was around 22% below the average February 2014 semi-detached price in the Arun local authority area. The most recent EPC inspection was August 2013, where the current energy rating was D, and the potential energy rating was B.

17 MERLIN WAY Sold Prices

Land registry data shows three sales for 17 MERLIN WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Arun local authority area for the corresponding sale date. All of the three 17 MERLIN WAY 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
2014 14 FEB	£173,500	£221,994	22% below HPI
2006 20 APR	£165,000	£194,180	15% below HPI
1996 26 NOV	£53,000	£63,729	17% below HPI

17 MERLIN WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Arun local authority area over time, sourced from the HPI. The three 17 MERLIN WAY sales between November 1996 and February 2014 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 2006 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the February 2014 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 17 MERLIN WAY be worth now?

17 MERLIN WAY might now be worth an estimated £282,910.

This is based on house price inflation of 63.1%, between February 2014 and February 2025, for semi-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 63.1% inflationary increase is applied to the most recent sale price for 17 MERLIN WAY of £173,500 on 14th February 2014. For the value to have increased from £173,500 to £282,910 over the eleven years to February 2025, the following assumptions must hold true:

• The value of 17 MERLIN WAY has moved in line with the HPI for semi-detached houses in the Arun local authority area.
• The February 2014 sale price of £173,500 represented a fair market value for the property.
• The size, condition, and specification of 17 MERLIN WAY has not materially changed since February 2014.

How Large is 17 MERLIN WAY?

17 MERLIN WAY is 71m² according to the EPC inspection conducted in August 2013. This puts it in the smallest 10% of semi-detached houses houses in Bognor Regis, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Bognor Regis, and where 17 MERLIN WAY lies on this distribution: 9% of semi-detached houses houses are smaller than 17 MERLIN WAY, and 91% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

17 MERLIN WAY: Plot and Title Map

17 MERLIN WAY sits on a plot of roughly 0.043 of an acre, or 172m². The below map shows the location of 17 MERLIN WAY, 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 17 MERLIN WAY). 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 17 MERLIN WAY?

17 MERLIN WAY is located in BOGNOR REGIS, in the PO22 postcode district. The below map shows the position of No. 17 on MERLIN WAY.