40, RICHMOND AVENUE, BOGNOR REGIS, PO21 2YE - £455,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

40 RICHMOND AVENUE is a very large extended detached house of 211m², built sometime between 1900 and 1929, which could now be worth an estimated £580,711. It was last sold for £455,000 in July 2017, which was around 1% above the average July 2017 detached price in the Arun local authority area. The most recent EPC inspection was November 2016, where the current energy rating was E, and the potential energy rating was D.

40 RICHMOND AVENUE Sold Prices

Land registry data shows four sales for 40 RICHMOND AVENUE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Arun local authority area for the corresponding sale date. Most of the four 40 RICHMOND 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
2017 21 JUL	£455,000	£450,295	1% above HPI
2014 25 MAR	£191,000	£356,674	46% below HPI
2000 25 MAY	£150,000	£171,231	12% below HPI
1999 20 DEC	£150,000	£157,220	5% below HPI

40 RICHMOND 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 four 40 RICHMOND AVENUE sales between December 1999 and July 2017 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 March 2014 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the July 2017 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 40 RICHMOND AVENUE be worth now?

40 RICHMOND AVENUE might now be worth an estimated £580,711.

This is based on house price inflation of 27.6%, between July 2017 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 27.6% inflationary increase is applied to the most recent sale price for 40 RICHMOND AVENUE of £455,000 on 21st July 2017. For the value to have increased from £455,000 to £580,711 over the eight years and five months to February 2025, the following assumptions must hold true:

• The value of 40 RICHMOND AVENUE has moved in line with the HPI for detached houses in the Arun local authority area.
• The July 2017 sale price of £455,000 represented a fair market value for the property.
• The size, condition, and specification of 40 RICHMOND AVENUE has not materially changed since July 2017.

How Large is 40 RICHMOND AVENUE?

40 RICHMOND AVENUE is 211m², which includes one extension, according to the EPC inspection conducted in November 2016. This puts it in the largest 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 40 RICHMOND AVENUE lies on this distribution: 94% of detached houses houses are smaller than 40 RICHMOND AVENUE, and 6% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

40 RICHMOND AVENUE: Plot and Title Map

40 RICHMOND AVENUE sits on a plot of roughly 0.077 of an acre, or 310m². The below map shows the location of 40 RICHMOND 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 40 RICHMOND 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 40 RICHMOND AVENUE?

40 RICHMOND AVENUE is located in BOGNOR REGIS, in the PO21 postcode district. The below map shows the position of No. 40 on RICHMOND AVENUE.