3, HEDGEWAY, BOGNOR REGIS, PO22 7QY - £335,000

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 HEDGEWAY is a small extended detached house of 96m², built sometime between 1967 and 1975. It was last sold for £335,000 in January 2016, which was around 17% below the average January 2016 detached price in the Arun local authority area. The most recent EPC inspection was August 2015, where the current energy rating was C, and the potential energy rating was B.

3 HEDGEWAY Sold Prices

Land registry data shows three sales for 3 HEDGEWAY 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 HEDGEWAY 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
2016 13 JAN	£335,000	£403,265	17% below HPI
2008 13 JUN	£200,000	£333,010	40% below HPI
1997 21 NOV	£85,950	£118,713	28% below HPI

3 HEDGEWAY 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 HEDGEWAY sales between November 1997 and January 2016 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 June 2008 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the January 2016 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 3 HEDGEWAY?

3 HEDGEWAY is 96m², which includes one extension, according to the EPC inspection conducted in August 2015. This puts it in the smallest 40% 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 HEDGEWAY lies on this distribution: 34% of detached houses are smaller than 3 HEDGEWAY, and 65% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

3 HEDGEWAY: Plot and Title Map

3 HEDGEWAY sits on a plot of roughly 0.084 of an acre, or 338m². The below map shows the location of 3 HEDGEWAY, 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 HEDGEWAY). 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 HEDGEWAY?

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