2, ELMWOOD AVENUE, BOGNOR REGIS, PO22 8DE - £419,000

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.

2 ELMWOOD AVENUE is a midsized extended detached house of 103m², built sometime between 1930 and 1949, which could now be worth an estimated £505,887. It was last sold for £419,000 in May 2020, which was around 12% below the average May 2020 detached price in the Arun local authority area. The most recent EPC inspection was August 2012, where the current energy rating was D, and the potential energy rating was B.

2 ELMWOOD AVENUE Sold Prices

Land registry data shows five sales for 2 ELMWOOD AVENUE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Arun local authority area for the corresponding sale date. All of the five 2 ELMWOOD AVENUE 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
2020 7 MAY	£419,000	£475,999	12% below HPI
2016 21 OCT	£400,000	£440,867	9% below HPI
2012 19 OCT	£250,000	£347,198	28% below HPI
2006 28 JUN	£240,000	£303,409	21% below HPI
1998 16 JUL	£110,000	£131,424	16% below HPI

2 ELMWOOD AVENUE 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 five 2 ELMWOOD AVENUE sales between July 1998 and May 2020 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 October 2016 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the May 2020 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 2 ELMWOOD AVENUE be worth now?

2 ELMWOOD AVENUE might now be worth an estimated £505,887.

This is based on house price inflation of 20.7%, between May 2020 and February 2025, for 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 20.7% inflationary increase is applied to the most recent sale price for 2 ELMWOOD AVENUE of £419,000 on 7th May 2020. For the value to have increased from £419,000 to £505,887 over the five years and three months to February 2025, the following assumptions must hold true:

• The value of 2 ELMWOOD AVENUE has moved in line with the HPI for detached houses in the Arun local authority area.
• The May 2020 sale price of £419,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ELMWOOD AVENUE has not materially changed since May 2020.

How Large is 2 ELMWOOD AVENUE?

2 ELMWOOD AVENUE is 103m², which includes one extension, according to the EPC inspection conducted in August 2012. This puts it in the smallest 50% of detached houses houses in Bognor Regis, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bognor Regis, and where 2 ELMWOOD AVENUE lies on this distribution: 41% of detached houses houses are smaller than 2 ELMWOOD AVENUE, and 58% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

2 ELMWOOD AVENUE: Plot and Title Map

2 ELMWOOD AVENUE sits on a plot of roughly 0.081 of an acre, or 327m². The below map shows the location of 2 ELMWOOD AVENUE, 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 ELMWOOD AVENUE). 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 ELMWOOD AVENUE?

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