3, PAYNE CLOSE, BOGNOR REGIS, PO21 4QA - £268,500

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 PAYNE CLOSE is a very small extended semi-detached house of 77m², built sometime between 1967 and 1975, which could now be worth an estimated £384,763. It was last sold for £268,500 in August 2015, which was around 6% above the average August 2015 semi-detached price in the Arun local authority area. The most recent EPC inspection was June 2012, where the current energy rating was D, and the potential energy rating was B.

3 PAYNE CLOSE Sold Prices

Land registry data shows three sales for 3 PAYNE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Arun local authority area for the corresponding sale date. One of the three 3 PAYNE CLOSE sales was for above the average price, whilst two 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
2015 26 AUG	£268,500	£252,605	6% above HPI
2002 11 OCT	£145,000	£147,941	2% below HPI
2001 12 SEP	£120,000	£121,199	1% below HPI

3 PAYNE 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 three 3 PAYNE CLOSE sales between September 2001 and August 2015 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 2002 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the August 2015 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 3 PAYNE CLOSE be worth now?

3 PAYNE CLOSE might now be worth an estimated £384,763.

This is based on house price inflation of 43.3%, between August 2015 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 43.3% inflationary increase is applied to the most recent sale price for 3 PAYNE CLOSE of £268,500 on 26th August 2015. For the value to have increased from £268,500 to £384,763 over the ten years and six months to February 2025, the following assumptions must hold true:

• The value of 3 PAYNE CLOSE has moved in line with the HPI for semi-detached houses in the Arun local authority area.
• The August 2015 sale price of £268,500 represented a fair market value for the property.
• The size, condition, and specification of 3 PAYNE CLOSE has not materially changed since August 2015.

How Large is 3 PAYNE CLOSE?

3 PAYNE CLOSE is 77m², which includes one extension, according to the EPC inspection conducted in June 2012. This puts it in the smallest 20% 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 PAYNE CLOSE lies on this distribution: 14% of semi-detached houses houses are smaller than 3 PAYNE CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

3 PAYNE CLOSE: Plot and Title Map

3 PAYNE CLOSE sits on a plot of roughly 0.094 of an acre, or 382m². The below map shows the location of 3 PAYNE 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 PAYNE 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 PAYNE CLOSE?

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