3, GREYFRIARS CLOSE, BOGNOR REGIS, PO21 5RH - £450,000

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 GREYFRIARS CLOSE is a small detached house of 86m², built sometime between 1967 and 1975. It was last sold for £450,000 in September 2022, which was around 20% below the average September 2022 detached price in the Arun local authority area. The most recent EPC inspection was June 2022, where the current energy rating was D, and the potential energy rating was C.

3 GREYFRIARS CLOSE Sold Prices

Land registry data shows two sales for 3 GREYFRIARS CLOSE 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 GREYFRIARS 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
2022 9 SEP	£450,000	£565,676	20% below HPI
2007 23 MAY	£265,000	£322,926	18% below HPI

3 GREYFRIARS 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 two 3 GREYFRIARS CLOSE sales from May 2007 and September 2022 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 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the September 2022 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 3 GREYFRIARS CLOSE?

3 GREYFRIARS CLOSE is 86m² according to the EPC inspection conducted in June 2022. This puts it in the smallest 30% 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 GREYFRIARS CLOSE lies on this distribution: 24% of detached houses are smaller than 3 GREYFRIARS CLOSE, and 75% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

3 GREYFRIARS CLOSE: Plot and Title Map

3 GREYFRIARS CLOSE sits on a plot of roughly 0.136 of an acre, or 548m². The below map shows the location of 3 GREYFRIARS 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 GREYFRIARS 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 GREYFRIARS CLOSE?

3 GREYFRIARS CLOSE is located in BOGNOR REGIS, in the PO21 postcode district. The below map shows the position of No. 3 on GREYFRIARS CLOSE.