31, ELM DRIVE, BOGNOR REGIS, PO22 6JE - £248,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

31 ELM DRIVE is a very small extended detached house of 38m², built sometime between 1930 and 1949, which could now be worth an estimated £405,526. It was last sold for £248,000 in August 2013, which was around 29% below the average August 2013 detached price in the Arun local authority area. The most recent EPC inspection was December 2011, where the current energy rating was D, and the potential energy rating was D.

31 ELM DRIVE Sold Prices

Land registry data shows three sales for 31 ELM DRIVE 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 31 ELM 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
2013 22 AUG	£248,000	£351,462	29% below HPI
2012 20 AUG	£220,000	£338,701	35% below HPI
1999 16 JUN	£99,950	£137,376	27% below HPI

31 ELM 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 three 31 ELM DRIVE sales between June 1999 and August 2013 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 August 2012 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the August 2013 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 31 ELM DRIVE be worth now?

31 ELM DRIVE might now be worth an estimated £405,526.

This is based on house price inflation of 63.5%, between August 2013 and February 2025, for 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 63.5% inflationary increase is applied to the most recent sale price for 31 ELM DRIVE of £248,000 on 22nd August 2013. For the value to have increased from £248,000 to £405,526 over the twelve years and six months to February 2025, the following assumptions must hold true:

• The value of 31 ELM DRIVE has moved in line with the HPI for detached houses in the Arun local authority area.
• The August 2013 sale price of £248,000 represented a fair market value for the property.
• The size, condition, and specification of 31 ELM DRIVE has not materially changed since August 2013.

How Large is 31 ELM DRIVE?

31 ELM DRIVE is 38m², which includes two extensions, according to the EPC inspection conducted in December 2011. This puts it in the smallest 10% of detached houses houses in Bognor Regis, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bognor Regis, and where 31 ELM DRIVE lies on this distribution: Less than 1% of detached houses houses are smaller than 31 ELM DRIVE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

31 ELM DRIVE: Plot and Title Map

31 ELM DRIVE sits on a plot of roughly 0.100 of an acre, or 406m². The below map shows the location of 31 ELM 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 31 ELM 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 31 ELM DRIVE?

31 ELM DRIVE is located in BOGNOR REGIS, in the PO22 postcode district. The below map shows the position of No. 31 on ELM DRIVE.