2, LAVENDER CLOSE, BOGNOR REGIS, PO22 6SP - £250,000

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 LAVENDER CLOSE is a midsized detached house of 111m², built sometime between 1996 and 2002, which could now be worth an estimated £501,765. It was last sold for £250,000 in April 2009, which was around 13% below the average April 2009 detached price in the Arun local authority area. The most recent EPC inspection was November 2008, where the current energy rating was D, and the potential energy rating was D.

2 LAVENDER CLOSE Sold Prices

Land registry data shows two sales for 2 LAVENDER 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. Both of the two 2 LAVENDER CLOSE 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
2009 1 APR	£250,000	£286,342	13% below HPI
1997 19 DEC	£117,950	£121,872	3% below HPI

2 LAVENDER 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 LAVENDER CLOSE sales from December 1997 and April 2009 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 1997 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the April 2009 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 2 LAVENDER CLOSE be worth now?

2 LAVENDER CLOSE might now be worth an estimated £501,765.

This is based on house price inflation of 100.7%, between April 2009 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 100.7% inflationary increase is applied to the most recent sale price for 2 LAVENDER CLOSE of £250,000 on 1st April 2009. For the value to have increased from £250,000 to £501,765 over the sixteen years and two months to February 2025, the following assumptions must hold true:

• The value of 2 LAVENDER CLOSE has moved in line with the HPI for detached houses in the Arun local authority area.
• The April 2009 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LAVENDER CLOSE has not materially changed since April 2009.

How Large is 2 LAVENDER CLOSE?

2 LAVENDER CLOSE is 111m² according to the EPC inspection conducted in November 2008. 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 LAVENDER CLOSE lies on this distribution: 50% of detached houses houses are smaller than 2 LAVENDER CLOSE, and 50% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

2 LAVENDER CLOSE: Plot and Title Map

2 LAVENDER CLOSE sits on a plot of roughly 0.073 of an acre, or 295m². The below map shows the location of 2 LAVENDER 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 LAVENDER 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 LAVENDER CLOSE?

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