3, BLACKSMITH WAY, FELPHAM, BOGNOR REGIS, PO22 8GR - £360,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

3 BLACKSMITH WAY is a very small detached house of 77m². It was last sold for £360,000 in December 2023, which was around 34% below the average December 2023 detached price in the Arun local authority area. The most recent EPC inspection was June 2015, where the current energy rating was C, and the potential energy rating was B.

3 BLACKSMITH WAY Sold Prices

Land registry data shows two sales for 3 BLACKSMITH WAY 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 3 BLACKSMITH WAY 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
2023 20 DEC	£360,000	£544,937	34% below HPI
2015 11 DEC	£260,000	£402,043	35% below HPI

3 BLACKSMITH WAY 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 3 BLACKSMITH WAY sales from December 2015 and December 2023 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 December 2015 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the December 2023 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 3 BLACKSMITH WAY?

3 BLACKSMITH WAY is 77m² according to the EPC inspection conducted in June 2015. This puts it in the smallest 20% 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 3 BLACKSMITH WAY lies on this distribution: 14% of detached houses are smaller than 3 BLACKSMITH WAY, and 85% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

3 BLACKSMITH WAY: Plot and Title Map

3 BLACKSMITH WAY sits on a plot of roughly 0.049 of an acre, or 199m². The below map shows the location of 3 BLACKSMITH WAY, 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 BLACKSMITH WAY). 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 BLACKSMITH WAY?

3 BLACKSMITH WAY is located in FELPHAM, in the PO22 postcode district. The below map shows the position of No. 3 on BLACKSMITH WAY.