2, LODGE COTTAGES, TOWN CROSS AVENUE, BOGNOR REGIS, PO21 2DN - £285,000

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 LODGE COTTAGES is a very small semi-detached house of 77m², built sometime between 1983 and 1990. It was last sold for £285,000 in November 2017, which was around 37% below the average November 2017 detached price in the Arun local authority area. The most recent EPC inspection was August 2017, where the current energy rating was D, and the potential energy rating was B.

2 LODGE COTTAGES Sold Prices

Land registry data shows five sales for 2 LODGE COTTAGES 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 LODGE COTTAGES 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
2017 8 NOV	£285,000	£448,842	37% below HPI
2007 19 OCT	£235,000	£343,808	32% below HPI
2007 5 APR	£229,950	£322,254	29% below HPI
1997 7 JAN	£81,000	£102,907	21% below HPI
1995 26 MAY	£63,950	£93,614	32% below HPI

2 LODGE COTTAGES 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 LODGE COTTAGES sales between May 1995 and November 2017 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 2007 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the November 2017 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 2 LODGE COTTAGES?

2 LODGE COTTAGES is 77m² according to the EPC inspection conducted in August 2017. This puts it in the smallest 20% 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 LODGE COTTAGES lies on this distribution: 14% of detached houses are smaller than 2 LODGE COTTAGES, and 85% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

2 LODGE COTTAGES: Plot and Title Map

2 LODGE COTTAGES sits on a plot of roughly 0.081 of an acre, or 330m². The below map shows the location of 2 LODGE COTTAGES, 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 LODGE COTTAGES). 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 LODGE COTTAGES?

2 LODGE COTTAGES is located on TOWN CROSS AVENUE in BOGNOR REGIS, in the PO21 postcode district. The below map shows the position of 2 LODGE COTTAGES on TOWN CROSS AVENUE.