24, LODGE CLOSE, BOGNOR REGIS, PO22 6NF - £345,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

24 LODGE CLOSE is a small detached house of 87m², built sometime between 1983 and 1990. It was last sold for £345,000 in July 2016, which was around 17% below the average July 2016 detached price in the Arun local authority area. The most recent EPC inspection was November 2022, where the current energy rating was D, and the potential energy rating was B.

24 LODGE CLOSE Sold Prices

Land registry data shows three sales for 24 LODGE CLOSE 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 24 LODGE 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 15 JUL	£345,000	£414,110	17% below HPI
2013 14 OCT	£243,000	£344,285	29% below HPI
2010 17 MAY	£239,950	£319,020	25% below HPI

24 LODGE 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 three 24 LODGE CLOSE sales between May 2010 and July 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 October 2013 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the July 2016 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 24 LODGE CLOSE?

24 LODGE CLOSE is 87m² according to the EPC inspection conducted in November 2022. This puts it in the smallest 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 24 LODGE CLOSE lies on this distribution: 25% of detached houses are smaller than 24 LODGE CLOSE, and 74% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

24 LODGE CLOSE: Plot and Title Map

24 LODGE CLOSE sits on a plot of roughly 0.071 of an acre, or 285m². The below map shows the location of 24 LODGE 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 24 LODGE 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 24 LODGE CLOSE?

24 LODGE CLOSE is located in BOGNOR REGIS, in the PO22 postcode district. The below map shows the position of No. 24 on LODGE CLOSE.