23, WESTWAY, BOGNOR REGIS, PO22 8DA - £295,000

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.

23 WESTWAY is a very small detached house of 78m², built sometime between 1950 and 1966, which could now be worth an estimated £362,857. It was last sold for £295,000 in February 2019, which was around 37% below the average February 2019 detached price in the Arun local authority area. The most recent EPC inspection was November 2015, where the current energy rating was F, and the potential energy rating was C.

23 WESTWAY Sold Prices

Land registry data shows three sales for 23 WESTWAY 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 23 WESTWAY 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 27 FEB	£295,000	£467,231	37% below HPI
2013 11 NOV	£215,000	£357,051	40% below HPI
2006 23 JUN	£210,000	£303,409	31% below HPI

23 WESTWAY 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 23 WESTWAY sales between June 2006 and February 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 November 2013 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the February 2019 sale, where it rises to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 23 WESTWAY be worth now?

23 WESTWAY might now be worth an estimated £362,857.

This is based on house price inflation of 23%, between February 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 23% inflationary increase is applied to the most recent sale price for 23 WESTWAY of £295,000 on 27th February 2019. For the value to have increased from £295,000 to £362,857 over the six years to February 2025, the following assumptions must hold true:

• The value of 23 WESTWAY has moved in line with the HPI for detached houses in the Arun local authority area.
• The February 2019 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 23 WESTWAY has not materially changed since February 2019.

How Large is 23 WESTWAY?

23 WESTWAY is 78m² according to the EPC inspection conducted in November 2015. This puts it in the smallest 20% 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 23 WESTWAY lies on this distribution: 15% of detached houses houses are smaller than 23 WESTWAY, and 84% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

23 WESTWAY: Plot and Title Map

23 WESTWAY sits on a plot of roughly 0.070 of an acre, or 285m². The below map shows the location of 23 WESTWAY, 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 23 WESTWAY). 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 23 WESTWAY?

23 WESTWAY is located in BOGNOR REGIS, in the PO22 postcode district. The below map shows the position of No. 23 on WESTWAY.