3, DRAKE PARK, BOGNOR REGIS, PO22 7QG - £400,000

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

3 DRAKE PARK is a very small detached house of 79m², built sometime between 1967 and 1975. It was last sold for £400,000 in November 2020, which was around 17% below the average November 2020 detached price in the Arun local authority area. The most recent EPC inspection was February 2016, where the current energy rating was D, and the potential energy rating was B.

3 DRAKE PARK Sold Prices

Land registry data shows two sales for 3 DRAKE PARK 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 DRAKE PARK 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 16 NOV	£400,000	£482,191	17% below HPI
2017 7 APR	£310,000	£427,213	27% below HPI

3 DRAKE PARK 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 DRAKE PARK sales from April 2017 and November 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 April 2017 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the November 2020 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 3 DRAKE PARK?

3 DRAKE PARK is 79m² according to the EPC inspection conducted in February 2016. 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 DRAKE PARK lies on this distribution: 17% of detached houses are smaller than 3 DRAKE PARK, and 83% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

3 DRAKE PARK: Plot and Title Map

3 DRAKE PARK sits on a plot of roughly 0.090 of an acre, or 363m². The below map shows the location of 3 DRAKE PARK, 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 DRAKE PARK). 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 DRAKE PARK?

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