2, CHAUCER WAY, BOGNOR REGIS, PO22 6QT - £320,000

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

2 CHAUCER WAY is a small detached house of 87m², built sometime between 1950 and 1966. It was last sold for £320,000 in May 2018, which was around 29% below the average May 2018 detached price in the Arun local authority area. The most recent EPC inspection was April 2018, where the current energy rating was D, and the potential energy rating was B.

2 CHAUCER WAY Sold Prices

Land registry data shows four sales for 2 CHAUCER WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Arun local authority area for the corresponding sale date. All of the four 2 CHAUCER 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
2018 17 MAY	£320,000	£449,534	29% below HPI
2009 9 JAN	£245,000	£292,626	16% below HPI
2001 24 OCT	£153,000	£199,099	23% below HPI
1997 2 JUN	£68,000	£106,826	36% below HPI

2 CHAUCER 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 four 2 CHAUCER WAY sales between June 1997 and May 2018 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 2009 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the May 2018 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 2 CHAUCER WAY?

2 CHAUCER WAY is 87m² according to the EPC inspection conducted in April 2018. This puts it in the smallest 30% 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 2 CHAUCER WAY lies on this distribution: 25% of detached houses are smaller than 2 CHAUCER WAY, and 74% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

2 CHAUCER WAY: Plot and Title Map

2 CHAUCER WAY sits on a plot of roughly 0.096 of an acre, or 387m². The below map shows the location of 2 CHAUCER 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 2 CHAUCER 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 2 CHAUCER WAY?

2 CHAUCER WAY is located in BOGNOR REGIS, in the PO22 postcode district. The below map shows the position of No. 2 on CHAUCER WAY.