28, LODGE CLOSE, BOGNOR REGIS, PO22 6NF - £275,000

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.

28 LODGE CLOSE is a very small detached house of 76m², built sometime between 1983 and 1990, which could now be worth an estimated £371,625. It was last sold for £275,000 in May 2016, which was around 35% below the average May 2016 detached price in the Arun local authority area. The most recent EPC inspection was January 2016, where the current energy rating was D, and the potential energy rating was B.

28 LODGE CLOSE Sold Prices

Land registry data shows five sales for 28 LODGE CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Arun local authority area for the corresponding sale date. All of the five 28 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 20 MAY	£275,000	£425,279	35% below HPI
2009 22 JUN	£200,000	£286,051	30% below HPI
2006 19 JAN	£195,000	£298,892	35% below HPI
2000 18 APR	£120,000	£171,826	30% below HPI
1998 3 APR	£83,000	£124,554	33% below HPI

28 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 five 28 LODGE CLOSE sales between April 1998 and May 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 June 2009 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the May 2016 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 28 LODGE CLOSE be worth now?

28 LODGE CLOSE might now be worth an estimated £371,625.

This is based on house price inflation of 35.1%, between May 2016 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 35.1% inflationary increase is applied to the most recent sale price for 28 LODGE CLOSE of £275,000 on 20th May 2016. For the value to have increased from £275,000 to £371,625 over the nine years and three months to February 2025, the following assumptions must hold true:

• The value of 28 LODGE CLOSE has moved in line with the HPI for detached houses in the Arun local authority area.
• The May 2016 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 28 LODGE CLOSE has not materially changed since May 2016.

How Large is 28 LODGE CLOSE?

28 LODGE CLOSE is 76m² according to the EPC inspection conducted in January 2016. 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 28 LODGE CLOSE lies on this distribution: 13% of detached houses houses are smaller than 28 LODGE CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

28 LODGE CLOSE: Plot and Title Map

28 LODGE CLOSE sits on a plot of roughly 0.051 of an acre, or 205m². The below map shows the location of 28 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 28 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 28 LODGE CLOSE?

28 LODGE CLOSE is located in BOGNOR REGIS, in the PO22 postcode district. The below map shows the position of No. 28 on LODGE CLOSE.