1A, GREENWOOD CLOSE, BOGNOR REGIS, PO22 9DG - £350,000

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

1A GREENWOOD CLOSE is a very small detached house of 75m², built sometime between 1967 and 1975. It was last sold for £350,000 in January 2021, which was around 28% below the average January 2021 detached price in the Arun local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was B.

1A GREENWOOD CLOSE Sold Prices

Land registry data shows two sales for 1A GREENWOOD CLOSE 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 1A GREENWOOD CLOSE 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 8 JAN	£350,000	£484,881	28% below HPI
2019 18 JAN	£255,000	£451,764	44% below HPI

1A GREENWOOD CLOSE 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 1A GREENWOOD CLOSE sales from January 2019 and January 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 January 2019 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the January 2021 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 1A GREENWOOD CLOSE?

1A GREENWOOD CLOSE is 75m² according to the EPC inspection conducted in August 2020. This puts it in the smallest 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 1A GREENWOOD CLOSE lies on this distribution: 12% of detached houses are smaller than 1A GREENWOOD CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

1A GREENWOOD CLOSE: Plot and Title Map

1A GREENWOOD CLOSE sits on a plot of roughly 0.092 of an acre, or 374m². The below map shows the location of 1A GREENWOOD CLOSE, 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 1A GREENWOOD CLOSE). 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 1A GREENWOOD CLOSE?

1A GREENWOOD CLOSE is located in BOGNOR REGIS, in the PO22 postcode district. The below map shows the position of No. 1A on GREENWOOD CLOSE.