3, MERTON CLOSE, BOGNOR REGIS, PO21 5SQ - £300,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

3 MERTON CLOSE is a very small semi-detached house of 70m², built sometime between 1967 and 1975, which could now be worth an estimated £321,854. It was last sold for £300,000 in December 2021, which was around 11% below the average December 2021 semi-detached price in the Arun local authority area. The most recent EPC inspection was September 2016, where the current energy rating was E, and the potential energy rating was B.

3 MERTON CLOSE Sold Prices

Land registry data shows two sales for 3 MERTON CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Arun local authority area for the corresponding sale date. Both of the two 3 MERTON 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 3 DEC	£300,000	£337,406	11% below HPI
2017 6 OCT	£275,000	£289,699	5% below HPI

3 MERTON CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Arun local authority area over time, sourced from the HPI. The two 3 MERTON CLOSE sales from October 2017 and December 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 October 2017 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the December 2021 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 3 MERTON CLOSE be worth now?

3 MERTON CLOSE might now be worth an estimated £321,854.

This is based on house price inflation of 7.3%, between December 2021 and February 2025, for semi-detached houses, in the Arun local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 7.3% inflationary increase is applied to the most recent sale price for 3 MERTON CLOSE of £300,000 on 3rd December 2021. For the value to have increased from £300,000 to £321,854 over the four years and ten months to February 2025, the following assumptions must hold true:

• The value of 3 MERTON CLOSE has moved in line with the HPI for semi-detached houses in the Arun local authority area.
• The December 2021 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MERTON CLOSE has not materially changed since December 2021.

How Large is 3 MERTON CLOSE?

3 MERTON CLOSE is 70m² according to the EPC inspection conducted in September 2016. This puts it in the smallest 10% of semi-detached houses houses in Bognor Regis, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Bognor Regis, and where 3 MERTON CLOSE lies on this distribution: 8% of semi-detached houses houses are smaller than 3 MERTON CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

3 MERTON CLOSE: Plot and Title Map

3 MERTON CLOSE sits on a plot of roughly 0.055 of an acre, or 222m². The below map shows the location of 3 MERTON 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 MERTON 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 MERTON CLOSE?

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