31, ELMWOOD AVENUE, BOGNOR REGIS, PO22 8DD - £425,000

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

31 ELMWOOD AVENUE is a large extended detached house of 125m², built sometime between 1950 and 1966. It was last sold for £425,000 in August 2020, which was around 7% below the average August 2020 detached price in the Arun local authority area. The most recent EPC inspection was March 2020, where the current energy rating was D, and the potential energy rating was C.

31 ELMWOOD AVENUE Sold Prices

Land registry data shows two sales for 31 ELMWOOD AVENUE 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 31 ELMWOOD AVENUE 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
2020 14 AUG	£425,000	£455,918	7% below HPI
2015 29 JUL	£260,000	£388,324	33% below HPI

31 ELMWOOD AVENUE 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 31 ELMWOOD AVENUE sales from July 2015 and August 2020 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 July 2015 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the August 2020 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 31 ELMWOOD AVENUE?

31 ELMWOOD AVENUE is 125m², which includes two extensions, according to the EPC inspection conducted in March 2020. This puts it in the largest 40% 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 31 ELMWOOD AVENUE lies on this distribution: 61% of detached houses are smaller than 31 ELMWOOD AVENUE, and 39% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

31 ELMWOOD AVENUE: Plot and Title Map

31 ELMWOOD AVENUE sits on a plot of roughly 0.079 of an acre, or 322m². The below map shows the location of 31 ELMWOOD AVENUE, 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 ELMWOOD AVENUE). 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 ELMWOOD AVENUE?

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