2, MERTON CLOSE, BOGNOR REGIS, PO21 5SQ - £389,950

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 MERTON CLOSE is a small detached house of 87m², built sometime between 1967 and 1975. It was last sold for £389,950 in August 2024, which was around 29% below the average August 2024 detached price in the Arun local authority area. The most recent EPC inspection was July 2024, where the current energy rating was D, and the potential energy rating was B.

2 MERTON CLOSE Sold Prices

Land registry data shows two sales for 2 MERTON 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 MERTON 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
2024 23 AUG	£389,950	£549,551	29% below HPI
2014 29 AUG	£265,000	£357,779	26% below HPI

2 MERTON 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 MERTON CLOSE sales from August 2014 and August 2024 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 August 2014 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the August 2024 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 2 MERTON CLOSE?

2 MERTON CLOSE is 87m² according to the EPC inspection conducted in July 2024. This puts it in the smallest 30% 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 MERTON CLOSE lies on this distribution: 25% of detached houses are smaller than 2 MERTON CLOSE, and 74% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

2 MERTON CLOSE: Plot and Title Map

2 MERTON CLOSE sits on a plot of roughly 0.123 of an acre, or 496m². The below map shows the location of 2 MERTON 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 MERTON 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 MERTON CLOSE?

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