3, PARKWAY, BOGNOR REGIS, PO21 2XP - £450,000

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 PARKWAY is a very large detached house of 259m², built sometime between 1930 and 1949. It was last sold for £450,000 in December 2009, which was around 47% above the average December 2009 detached price in the Arun local authority area. The most recent EPC inspection was July 2023, where the current energy rating was C, and the potential energy rating was C.

3 PARKWAY Sold Prices

Land registry data shows two sales for 3 PARKWAY 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 PARKWAY sales were for above 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
2009 21 DEC	£450,000	£306,768	47% above HPI
2000 12 OCT	£250,000	£176,754	41% above HPI

3 PARKWAY 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 PARKWAY sales from October 2000 and December 2009 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 2000 sale was for 41% above the HPI. So the extrapolation line tracks at 41% above the HPI over time, until the December 2009 sale, where it rises to 47% above the HPI. The line then continues to track at 47% above the HPI.

How Large is 3 PARKWAY?

3 PARKWAY is 259m² according to the EPC inspection conducted in July 2023. This puts it in the largest 10% 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 PARKWAY lies on this distribution: 98% of detached houses are smaller than 3 PARKWAY, and 2% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

3 PARKWAY: Plot and Title Map

3 PARKWAY sits on a plot of roughly 0.265 of an acre, or 1,073m². The below map shows the location of 3 PARKWAY, 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 PARKWAY). 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 PARKWAY?

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