2, HEDGEWAY, BOGNOR REGIS, PO22 7QY - £328,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 HEDGEWAY is a small extended detached house of 95m², built sometime between 1967 and 1975. It was last sold for £328,000 in February 2019, which was around 27% below the average February 2019 detached price in the Arun local authority area. The most recent EPC inspection was November 2014, where the current energy rating was E, and the potential energy rating was D.

2 HEDGEWAY Sold Prices

Land registry data shows two sales for 2 HEDGEWAY 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 HEDGEWAY 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
2019 1 FEB	£328,000	£450,374	27% below HPI
2015 8 MAY	£290,000	£386,324	25% below HPI

2 HEDGEWAY 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 HEDGEWAY sales from May 2015 and February 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 May 2015 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the February 2019 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 2 HEDGEWAY?

2 HEDGEWAY is 95m², which includes one extension, according to the EPC inspection conducted in November 2014. This puts it in the smallest 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 HEDGEWAY lies on this distribution: 33% of detached houses are smaller than 2 HEDGEWAY, and 66% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

2 HEDGEWAY: Plot and Title Map

2 HEDGEWAY sits on a plot of roughly 0.084 of an acre, or 339m². The below map shows the location of 2 HEDGEWAY, 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 HEDGEWAY). 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 HEDGEWAY?

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