3, ASHMERE LANE, BOGNOR REGIS, PO22 7QT - £411,000

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.

3 ASHMERE LANE is a midsized extended detached house of 112m², built sometime between 1967 and 1975, which could now be worth an estimated £502,256. It was last sold for £411,000 in July 2020, which was around 13% below the average July 2020 detached price in the Arun local authority area. The most recent EPC inspection was October 2019, where the current energy rating was D, and the potential energy rating was C.

3 ASHMERE LANE Sold Prices

Land registry data shows three sales for 3 ASHMERE LANE 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 3 ASHMERE LANE 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
2020 30 JUL	£411,000	£470,286	13% below HPI
2007 18 MAY	£320,000	£335,013	4% below HPI
1996 23 APR	£90,000	£98,181	8% below HPI

3 ASHMERE LANE 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 3 ASHMERE LANE sales between April 1996 and July 2020 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 2007 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the July 2020 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 3 ASHMERE LANE be worth now?

3 ASHMERE LANE might now be worth an estimated £502,256.

This is based on house price inflation of 22.2%, between July 2020 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 22.2% inflationary increase is applied to the most recent sale price for 3 ASHMERE LANE of £411,000 on 30th July 2020. For the value to have increased from £411,000 to £502,256 over the five years and five months to February 2025, the following assumptions must hold true:

• The value of 3 ASHMERE LANE has moved in line with the HPI for detached houses in the Arun local authority area.
• The July 2020 sale price of £411,000 represented a fair market value for the property.
• The size, condition, and specification of 3 ASHMERE LANE has not materially changed since July 2020.

How Large is 3 ASHMERE LANE?

3 ASHMERE LANE is 112m², which includes two extensions, according to the EPC inspection conducted in October 2019. This puts it in the largest 50% 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 3 ASHMERE LANE lies on this distribution: 50% of detached houses houses are smaller than 3 ASHMERE LANE, and 49% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

3 ASHMERE LANE: Plot and Title Map

3 ASHMERE LANE sits on a plot of roughly 0.155 of an acre, or 627m². The below map shows the location of 3 ASHMERE LANE, 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 3 ASHMERE LANE). 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 3 ASHMERE LANE?

3 ASHMERE LANE is located in BOGNOR REGIS, in the PO22 postcode district. The below map shows the position of No. 3 on ASHMERE LANE.