2, THE STORES, SPENCER STREET, BOGNOR REGIS, PO21 1FL - £200,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

2 THE STORES is a very small semi-detached house of 48m², built sometime before 1900. It was last sold for £200,000 in November 2019, which was around 56% below the average November 2019 detached price in the Arun local authority area. The most recent EPC inspection was October 2019, where the current energy rating was D, and the potential energy rating was B.

2 THE STORES Sold Prices

Land registry data shows seven sales for 2 THE STORES since 1^st January 1995. The below table shows the price paid for the seven sales, along with the average detached price in the Arun local authority area for the corresponding sale date. All of the seven 2 THE STORES 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
2019 22 NOV	£200,000	£459,200	56% below HPI
2017 13 OCT	£212,500	£446,892	52% below HPI
2016 16 SEP	£180,000	£425,526	58% below HPI
2010 25 JAN	£149,950	£313,229	52% below HPI
2005 28 OCT	£127,000	£287,011	56% below HPI
2002 1 AUG	£108,000	£227,212	52% below HPI
2001 8 OCT	£79,950	£199,099	60% below HPI

2 THE STORES 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 seven 2 THE STORES sales between October 2001 and November 2019 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 October 2017 sale was for 52% below the HPI. So the extrapolation line tracks at 52% below the HPI over time, until the November 2019 sale, where it falls to 56% below the HPI. The line then continues to track at 56% below the HPI.

How Large is 2 THE STORES?

2 THE STORES is 48m² according to the EPC inspection conducted in October 2019. 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 THE STORES lies on this distribution: 1% of detached houses are smaller than 2 THE STORES, and 99% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

2 THE STORES: Plot and Title Map

2 THE STORES sits on a plot of roughly 0.017 of an acre, or 68m². The below map shows the location of 2 THE STORES, 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 STORES). 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 STORES?

2 THE STORES is located on SPENCER STREET in BOGNOR REGIS, in the PO21 postcode district. The below map shows the position of 2 THE STORES on SPENCER STREET.