3, PARK DRIVE, BOGNOR REGIS, PO22 7RD - £495,000

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 PARK DRIVE is a midsized detached house of 105m², built sometime between 1950 and 1966. It was last sold for £495,000 in August 2024, which was around 10% below the average August 2024 detached price in the Arun local authority area. The most recent EPC inspection was January 2018, where the current energy rating was D, and the potential energy rating was B.

3 PARK DRIVE Sold Prices

Land registry data shows five sales for 3 PARK DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Arun local authority area for the corresponding sale date. All of the five 3 PARK DRIVE 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
2024 28 AUG	£495,000	£549,551	10% below HPI
2018 21 SEP	£380,000	£462,060	18% below HPI
2006 31 MAR	£265,000	£287,798	8% below HPI
2005 4 NOV	£195,000	£286,017	32% below HPI
2003 10 OCT	£218,950	£265,133	17% below HPI

3 PARK DRIVE 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 five 3 PARK DRIVE sales between October 2003 and August 2024 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 September 2018 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the August 2024 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 3 PARK DRIVE?

3 PARK DRIVE is 105m² according to the EPC inspection conducted in January 2018. This puts it in the smallest 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 PARK DRIVE lies on this distribution: 43% of detached houses are smaller than 3 PARK DRIVE, and 56% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

3 PARK DRIVE: Plot and Title Map

3 PARK DRIVE sits on a plot of roughly 0.109 of an acre, or 441m². The below map shows the location of 3 PARK DRIVE, 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 PARK DRIVE). 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 PARK DRIVE?

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