3, FARM CLOSE, BOGNOR REGIS, PO22 6JQ - £402,000

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 FARM CLOSE is a midsized detached house of 112m², built sometime between 1930 and 1949. It was last sold for £402,000 in September 2021, which was around 19% below the average September 2021 detached price in the Arun local authority area. The most recent EPC inspection was June 2021, where the current energy rating was D, and the potential energy rating was B.

3 FARM CLOSE Sold Prices

Land registry data shows three sales for 3 FARM CLOSE 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 FARM 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
2021 7 SEP	£402,000	£499,148	19% below HPI
2005 12 DEC	£249,950	£288,021	13% below HPI
2001 28 SEP	£164,950	£198,889	17% below HPI

3 FARM 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 three 3 FARM CLOSE sales between September 2001 and September 2021 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 2005 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the September 2021 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 3 FARM CLOSE?

3 FARM CLOSE is 112m² according to the EPC inspection conducted in June 2021. This puts it in the largest 50% 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 FARM CLOSE lies on this distribution: 50% of detached houses are smaller than 3 FARM CLOSE, and 49% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

3 FARM CLOSE: Plot and Title Map

3 FARM CLOSE sits on a plot of roughly 0.131 of an acre, or 531m². The below map shows the location of 3 FARM 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 3 FARM 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 3 FARM CLOSE?

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