2A, LAGOON ROAD, BOGNOR REGIS, PO21 4TJ - £490,000

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

2A LAGOON ROAD is a midsized extended detached house of 95m², built sometime between 1996 and 2002. It was last sold for £490,000 in July 2024, which was around 11% below the average July 2024 detached price in the Arun local authority area. The most recent EPC inspection was December 2023, where the current energy rating was C, and the potential energy rating was B.

2A LAGOON ROAD Sold Prices

Land registry data shows two sales for 2A LAGOON ROAD 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 2A LAGOON ROAD 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
2024 23 JUL	£490,000	£550,137	11% below HPI
2002 17 MAY	£192,950	£208,099	7% below HPI

2A LAGOON ROAD 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 2A LAGOON ROAD sales from May 2002 and July 2024 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 May 2002 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the July 2024 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 2A LAGOON ROAD?

2A LAGOON ROAD is 95m², which includes one extension, according to the EPC inspection conducted in December 2023. This puts it in the smallest 50% of detached houses in Pagham, based on EPC data. The below chart shows the distribution of detached houses by size in Pagham, and where 2A LAGOON ROAD lies on this distribution: 46% of detached houses are smaller than 2A LAGOON ROAD, and 54% of houses are larger. Note that EPC data is not available for all properties in Pagham.

2A LAGOON ROAD: Plot and Title Map

2A LAGOON ROAD sits on a plot of roughly 0.082 of an acre, or 331m². The below map shows the location of 2A LAGOON ROAD, 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 2A LAGOON ROAD). 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 2A LAGOON ROAD?

2A LAGOON ROAD is located in BOGNOR REGIS, in the PO21 postcode district. The below map shows the position of No. 2A on LAGOON ROAD.