4, SPRINGFIELD, BOGNOR REGIS, PO21 3LB - £460,000

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 SPRINGFIELD is a very small extended detached house of 79m², built sometime between 1967 and 1975. It was last sold for £460,000 in September 2022, which was around 19% below the average September 2022 detached price in the Arun local authority area. The most recent EPC inspection was May 2022, where the current energy rating was D, and the potential energy rating was C.

4 SPRINGFIELD Sold Prices

Land registry data shows two sales for 4 SPRINGFIELD 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 SPRINGFIELD 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 27 SEP	£460,000	£565,676	19% below HPI
2007 27 JUL	£317,000	£335,534	6% below HPI

4 SPRINGFIELD 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 SPRINGFIELD sales from July 2007 and September 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 July 2007 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the September 2022 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 4 SPRINGFIELD?

4 SPRINGFIELD is 79m², which includes one extension, according to the EPC inspection conducted in May 2022. 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 SPRINGFIELD lies on this distribution: 17% of detached houses are smaller than 4 SPRINGFIELD, and 82% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

4 SPRINGFIELD: Plot and Title Map

4 SPRINGFIELD sits on a plot of roughly 0.099 of an acre, or 400m². The below map shows the location of 4 SPRINGFIELD, 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 SPRINGFIELD). 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 SPRINGFIELD?

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