18, SEA WAY, ELMER, BOGNOR REGIS, PO22 6JY - £450,000

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

18 SEA WAY is a midsized extended detached house of 103m², built sometime between 1950 and 1966. It was last sold for £450,000 in June 2021, which was around 10% below the average June 2021 detached price in the Arun local authority area. The most recent EPC inspection was January 2014, where the current energy rating was E, and the potential energy rating was C.

18 SEA WAY Sold Prices

Land registry data shows two sales for 18 SEA WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Arun local authority area for the corresponding sale date. Both of the two 18 SEA 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
2021 28 JUN	£450,000	£497,497	10% below HPI
2014 22 SEP	£248,000	£365,612	32% below HPI

18 SEA WAY 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 two 18 SEA WAY sales from September 2014 and June 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 September 2014 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the June 2021 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 18 SEA WAY?

18 SEA WAY is 103m², which includes two extensions, according to the EPC inspection conducted in January 2014. This puts it in the smallest 50% 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 18 SEA WAY lies on this distribution: 42% of detached houses are smaller than 18 SEA WAY, and 58% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

18 SEA WAY: Plot and Title Map

18 SEA WAY sits on a plot of roughly 0.073 of an acre, or 295m². The below map shows the location of 18 SEA 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 18 SEA 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 18 SEA WAY?

18 SEA WAY is located in ELMER, in the PO22 postcode district. The below map shows the position of No. 18 on SEA WAY.