2, PARKFIELD AVENUE, BOGNOR REGIS, PO21 3BW - £120,000

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 PARKFIELD AVENUE is a very small detached house of 72m², built sometime between 1967 and 1975. It was last sold for £120,000 in April 2000, which was around 28% below the average April 2000 detached price in the Arun local authority area. The most recent EPC inspection was October 2021, where the current energy rating was C, and the potential energy rating was B.

2 PARKFIELD AVENUE Sold Prices

Land registry data shows two sales for 2 PARKFIELD 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 PARKFIELD 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
2000 10 APR	£120,000	£165,627	28% below HPI
1998 4 SEP	£71,000	£129,913	45% below HPI

2 PARKFIELD 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 PARKFIELD AVENUE sales from September 1998 and April 2000 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 September 1998 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the April 2000 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 2 PARKFIELD AVENUE?

2 PARKFIELD AVENUE is 72m² according to the EPC inspection conducted in October 2021. This puts it in the smallest 10% 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 PARKFIELD AVENUE lies on this distribution: 10% of detached houses are smaller than 2 PARKFIELD AVENUE, and 90% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

2 PARKFIELD AVENUE: Plot and Title Map

2 PARKFIELD AVENUE sits on a plot of roughly 0.062 of an acre, or 251m². The below map shows the location of 2 PARKFIELD 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 PARKFIELD 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 PARKFIELD AVENUE?

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