4, FARESMEAD, BOGNOR REGIS, PO21 3DQ - £440,000

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

4 FARESMEAD is a very small detached house of 76m², built sometime between 1983 and 1990. It was last sold for £440,000 in August 2022, which was around 20% below the average August 2022 detached price in the Arun local authority area. The most recent EPC inspection was September 2018, where the current energy rating was D, and the potential energy rating was B.

4 FARESMEAD Sold Prices

Land registry data shows two sales for 4 FARESMEAD 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 4 FARESMEAD 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
2022 5 AUG	£440,000	£550,948	20% below HPI
2018 9 NOV	£325,000	£460,722	29% below HPI

4 FARESMEAD 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 4 FARESMEAD sales from November 2018 and August 2022 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 November 2018 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the August 2022 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 4 FARESMEAD?

4 FARESMEAD is 76m² according to the EPC inspection conducted in September 2018. This puts it in the smallest 20% 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 4 FARESMEAD lies on this distribution: 13% of detached houses are smaller than 4 FARESMEAD, and 86% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

4 FARESMEAD: Plot and Title Map

4 FARESMEAD sits on a plot of roughly 0.109 of an acre, or 440m². The below map shows the location of 4 FARESMEAD, 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 4 FARESMEAD). 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 4 FARESMEAD?

4 FARESMEAD is located in BOGNOR REGIS, in the PO21 postcode district. The below map shows the position of No. 4 on FARESMEAD.