2, CHERRY CLOSE, BOGNOR REGIS, PO21 3BA - £500,000

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 CHERRY CLOSE is a large extended detached house of 155m², built sometime between 1967 and 1975. It was last sold for £500,000 in October 2019, which was around 9% above the average October 2019 detached price in the Arun local authority area. The most recent EPC inspection was September 2019, where the current energy rating was C, and the potential energy rating was B.

2 CHERRY CLOSE Sold Prices

Land registry data shows two sales for 2 CHERRY 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. One of the two 2 CHERRY CLOSE sales was for above the average price, whilst the other was 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
2019 3 OCT	£500,000	£459,143	9% above HPI
2009 15 DEC	£240,000	£306,768	22% below HPI

2 CHERRY 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 2 CHERRY CLOSE sales from December 2009 and October 2019 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 December 2009 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the October 2019 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

How Large is 2 CHERRY CLOSE?

2 CHERRY CLOSE is 155m², which includes one extension, according to the EPC inspection conducted in September 2019. 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 2 CHERRY CLOSE lies on this distribution: 80% of detached houses are smaller than 2 CHERRY CLOSE, and 20% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

2 CHERRY CLOSE: Plot and Title Map

2 CHERRY CLOSE sits on a plot of roughly 0.144 of an acre, or 582m². The below map shows the location of 2 CHERRY 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 2 CHERRY 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 2 CHERRY CLOSE?

2 CHERRY CLOSE is located in BOGNOR REGIS, in the PO21 postcode district. The below map shows the position of No. 2 on CHERRY CLOSE.