28, FARESMEAD, BOGNOR REGIS, PO21 3DQ - £225,000

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

28 FARESMEAD is a small detached house of 89m², built sometime between 1976 and 1982. It was last sold for £225,000 in October 2005, which was around 22% below the average October 2005 detached price in the Arun local authority area. The most recent EPC inspection was February 2023, where the current energy rating was C, and the potential energy rating was B.

28 FARESMEAD Sold Prices

Land registry data shows two sales for 28 FARESMEAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Arun local authority area for the corresponding sale date. Both of the two 28 FARESMEAD 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
2005 13 OCT	£225,000	£287,011	22% below HPI
2002 5 AUG	£176,000	£227,212	23% below HPI

28 FARESMEAD 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 two 28 FARESMEAD sales from August 2002 and October 2005 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 August 2002 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the October 2005 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 28 FARESMEAD?

28 FARESMEAD is 89m² according to the EPC inspection conducted in February 2023. 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 28 FARESMEAD lies on this distribution: 27% of detached houses are smaller than 28 FARESMEAD, and 72% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

28 FARESMEAD: Plot and Title Map

28 FARESMEAD sits on a plot of roughly 0.065 of an acre, or 263m². The below map shows the location of 28 FARESMEAD, 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 28 FARESMEAD). 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 28 FARESMEAD?

28 FARESMEAD is located in BOGNOR REGIS, in the PO21 postcode district. The below map shows the position of No. 28 on FARESMEAD.