2, SPRINGFIELD, BOGNOR REGIS, PO21 3LB - £420,000

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 SPRINGFIELD is a very small detached house of 73m², built sometime between 1967 and 1975. It was last sold for £420,000 in March 2023, which was around 26% below the average March 2023 detached price in the Arun local authority area. The most recent EPC inspection was August 2022, where the current energy rating was D, and the potential energy rating was B.

2 SPRINGFIELD Sold Prices

Land registry data shows four sales for 2 SPRINGFIELD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Arun local authority area for the corresponding sale date. All of the four 2 SPRINGFIELD 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
2023 15 MAR	£420,000	£566,720	26% below HPI
2000 5 SEP	£152,500	£174,086	12% below HPI
1999 18 OCT	£134,995	£145,925	7% below HPI
1997 31 OCT	£98,500	£118,729	17% below HPI

2 SPRINGFIELD 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 four 2 SPRINGFIELD sales between October 1997 and March 2023 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 2000 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the March 2023 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 2 SPRINGFIELD?

2 SPRINGFIELD is 73m² according to the EPC inspection conducted in August 2022. 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 SPRINGFIELD lies on this distribution: 11% of detached houses are smaller than 2 SPRINGFIELD, and 89% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

2 SPRINGFIELD: Plot and Title Map

2 SPRINGFIELD sits on a plot of roughly 0.116 of an acre, or 469m². The below map shows the location of 2 SPRINGFIELD, 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 SPRINGFIELD). 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 SPRINGFIELD?

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