22, CHALCRAFT LANE, BOGNOR REGIS, PO21 5TX - £425,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

22 CHALCRAFT LANE is a very large extended detached house of 226m², built sometime between 1967 and 1975, which could now be worth an estimated £518,367. It was last sold for £425,000 in December 2019, which was around 10% below the average December 2019 detached price in the Arun local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was C.

22 CHALCRAFT LANE Sold Prices

Land registry data shows three sales for 22 CHALCRAFT LANE since 1^st 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. All of the three 22 CHALCRAFT LANE 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 18 DEC	£425,000	£471,191	10% below HPI
2019 5 JUL	£385,895	£467,048	17% below HPI
2015 2 OCT	£400,000	£409,434	2% below HPI

22 CHALCRAFT LANE 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 three 22 CHALCRAFT LANE sales between October 2015 and December 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 July 2019 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the December 2019 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 22 CHALCRAFT LANE be worth now?

22 CHALCRAFT LANE might now be worth an estimated £518,367.

This is based on house price inflation of 22%, between December 2019 and February 2025, for detached houses, in the Arun local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 22% inflationary increase is applied to the most recent sale price for 22 CHALCRAFT LANE of £425,000 on 18th December 2019. For the value to have increased from £425,000 to £518,367 over the six years and ten months to February 2025, the following assumptions must hold true:

• The value of 22 CHALCRAFT LANE has moved in line with the HPI for detached houses in the Arun local authority area.
• The December 2019 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 22 CHALCRAFT LANE has not materially changed since December 2019.

How Large is 22 CHALCRAFT LANE?

22 CHALCRAFT LANE is 226m², which includes one extension, according to the EPC inspection conducted in July 2014. This puts it in the largest 10% of detached houses houses in Bognor Regis, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bognor Regis, and where 22 CHALCRAFT LANE lies on this distribution: 96% of detached houses houses are smaller than 22 CHALCRAFT LANE, and 4% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

22 CHALCRAFT LANE: Plot and Title Map

22 CHALCRAFT LANE sits on a plot of roughly 0.115 of an acre, or 467m². The below map shows the location of 22 CHALCRAFT LANE, 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 22 CHALCRAFT LANE). 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 22 CHALCRAFT LANE?

22 CHALCRAFT LANE is located in BOGNOR REGIS, in the PO21 postcode district. The below map shows the position of No. 22 on CHALCRAFT LANE.