2, GRANGEFIELD WAY, BOGNOR REGIS, PO21 4EG - £490,000

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 GRANGEFIELD WAY is a large extended detached house of 128m², built sometime between 1976 and 1982. It was last sold for £490,000 in June 2016, which was around 20% above the average June 2016 detached price in the Arun local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was B.

2 GRANGEFIELD WAY Sold Prices

Land registry data shows two sales for 2 GRANGEFIELD 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 2 GRANGEFIELD WAY sales were for above 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
2016 29 JUN	£490,000	£406,708	20% above HPI
2001 26 OCT	£206,500	£199,099	4% above HPI

2 GRANGEFIELD 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 2 GRANGEFIELD WAY sales from October 2001 and June 2016 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 2001 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the June 2016 sale, where it rises to 20% above the HPI. The line then continues to track at 20% above the HPI.

How Large is 2 GRANGEFIELD WAY?

2 GRANGEFIELD WAY is 128m², which includes one extension, according to the EPC inspection conducted in July 2015. This puts it in the largest 40% 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 GRANGEFIELD WAY lies on this distribution: 63% of detached houses are smaller than 2 GRANGEFIELD WAY, and 36% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

2 GRANGEFIELD WAY: Plot and Title Map

2 GRANGEFIELD WAY sits on a plot of roughly 0.206 of an acre, or 833m². The below map shows the location of 2 GRANGEFIELD 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 GRANGEFIELD 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 GRANGEFIELD WAY?

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