4, NORMAN WAY, BOGNOR REGIS, PO22 7TW - £275,000

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 NORMAN WAY is a very small detached house of 45m², built sometime between 1996 and 2002. It was last sold for £275,000 in September 2012, which was around 18% below the average September 2012 detached price in the Arun local authority area. The most recent EPC inspection was August 2010, where the current energy rating was C, and the potential energy rating was C.

4 NORMAN WAY Sold Prices

Land registry data shows three sales for 4 NORMAN WAY 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 4 NORMAN WAY 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
2012 21 SEP	£275,000	£336,530	18% below HPI
2002 21 JUN	£171,000	£214,227	20% below HPI
1998 30 JUN	£100,000	£124,107	19% below HPI

4 NORMAN WAY 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 4 NORMAN WAY sales between June 1998 and September 2012 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 June 2002 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the September 2012 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 4 NORMAN WAY?

4 NORMAN WAY is 45m² according to the EPC inspection conducted in August 2010. This puts it in the smallest 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 4 NORMAN WAY lies on this distribution: Less than 1% of detached houses are smaller than 4 NORMAN WAY, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

4 NORMAN WAY: Plot and Title Map

4 NORMAN WAY sits on a plot of roughly 0.051 of an acre, or 205m². The below map shows the location of 4 NORMAN WAY, 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 NORMAN WAY). 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 NORMAN WAY?

4 NORMAN WAY is located in BOGNOR REGIS, in the PO22 postcode district. The below map shows the position of No. 4 on NORMAN WAY.