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 OAKS is a large detached house of 142m², built sometime between 1983 and 1990. It was last sold for £410,000 in May 2018, which was around 9% below the average May 2018 detached price in the Arun local authority area. The most recent EPC inspection was April 2017, where the current energy rating was D, and the potential energy rating was C.
Land registry data shows three sales for 2 THE OAKS since 1st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Arun local authority area for the corresponding sale date. One of the three 2 THE OAKS sales was for below the average price, whilst two were for above 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 |
---|---|---|---|
2018 4 MAY | £410,000 | £449,534 | 9% below HPI |
2005 13 JUL | £327,500 | £285,413 | 15% above HPI |
2002 31 OCT | £282,000 | £238,808 | 18% above HPI |
The below graph shows the average detached house price in the Arun local authority area over time, sourced from the HPI. The three 2 THE OAKS sales between October 2002 and May 2018 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 2005 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the May 2018 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.
2 THE OAKS is 142m² according to the EPC inspection conducted in April 2017. This puts it in the largest 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 THE OAKS lies on this distribution: 72% of detached houses are smaller than 2 THE OAKS, and 27% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.
2 THE OAKS sits on a plot of roughly 0.070 of an acre, or 283m². The below map shows the location of 2 THE OAKS, 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 OAKS). 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.
2 THE OAKS is located in BOGNOR REGIS, in the PO21 postcode district. The below map shows the position of No. 2 on THE OAKS.