2, THE CLOSE, ELMER, BOGNOR REGIS, PO22 6LN - £315,000

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 THE CLOSE is a very small extended detached house of 80m², built sometime between 1950 and 1966. It was last sold for £315,000 in March 2016, which was around 23% below the average March 2016 detached price in the Arun local authority area. The most recent EPC inspection was April 2010, where the current energy rating was D, and the potential energy rating was C.

2 THE CLOSE Sold Prices

Land registry data shows four sales for 2 THE CLOSE 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 THE 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
2016 22 MAR	£315,000	£410,492	23% below HPI
2010 22 JUL	£295,000	£326,470	10% below HPI
2004 4 MAR	£236,000	£271,112	13% below HPI
2002 12 DEC	£165,000	£245,528	33% below HPI

2 THE 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 four 2 THE CLOSE sales between December 2002 and March 2016 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 July 2010 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the March 2016 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 2 THE CLOSE?

2 THE CLOSE is 80m², which includes one extension, according to the EPC inspection conducted in April 2010. 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 THE CLOSE lies on this distribution: 19% of detached houses are smaller than 2 THE CLOSE, and 81% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

2 THE CLOSE: Plot and Title Map

2 THE CLOSE sits on a plot of roughly 0.095 of an acre, or 384m². The below map shows the location of 2 THE 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 THE 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 THE CLOSE?

2 THE CLOSE is located in ELMER, in the PO22 postcode district. The below map shows the position of No. 2 on THE CLOSE.