2, LAKELAND AVENUE, BOGNOR REGIS, PO21 5FA - £450,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 LAKELAND AVENUE is a large detached house of 130m², which could now be worth an estimated £451,375. It was last sold for £450,000 in July 2022, which was around 21% below the average July 2022 detached price in the Arun local authority area. The most recent EPC inspection was February 2018, where the current energy rating was B, and the potential energy rating was A.

2 LAKELAND AVENUE Sold Prices

Land registry data shows two sales for 2 LAKELAND AVENUE 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 LAKELAND 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
2022 11 JUL	£450,000	£572,955	21% below HPI
2018 2 MAR	£395,000	£464,803	15% below HPI

2 LAKELAND 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 two 2 LAKELAND AVENUE sales from March 2018 and July 2022 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 March 2018 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the July 2022 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 2 LAKELAND AVENUE be worth now?

2 LAKELAND AVENUE might now be worth an estimated £451,375.

This is based on house price inflation of 0.3%, between July 2022 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 0.3% inflationary increase is applied to the most recent sale price for 2 LAKELAND AVENUE of £450,000 on 11th July 2022. For the value to have increased from £450,000 to £451,375 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of 2 LAKELAND AVENUE has moved in line with the HPI for detached houses in the Arun local authority area.
• The July 2022 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LAKELAND AVENUE has not materially changed since July 2022.

How Large is 2 LAKELAND AVENUE?

2 LAKELAND AVENUE is 130m² according to the EPC inspection conducted in February 2018. This puts it in the largest 40% 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 LAKELAND AVENUE lies on this distribution: 64% of detached houses houses are smaller than 2 LAKELAND AVENUE, and 35% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

2 LAKELAND AVENUE: Plot and Title Map

2 LAKELAND AVENUE sits on a plot of roughly 0.067 of an acre, or 272m². The below map shows the location of 2 LAKELAND 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 LAKELAND 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 LAKELAND AVENUE?

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