40, SOUTH WAY, BOGNOR REGIS, PO21 5EY - £301,500

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

40 SOUTH WAY is a very small detached house of 64m², built sometime between 1930 and 1949. It was last sold for £301,500 in June 2024, which was around 46% below the average June 2024 detached price in the Arun local authority area. The most recent EPC inspection was April 2017, where the current energy rating was D, and the potential energy rating was B.

40 SOUTH WAY Sold Prices

Land registry data shows two sales for 40 SOUTH WAY 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 40 SOUTH 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
2024 14 JUN	£301,500	£556,015	46% below HPI
2017 31 AUG	£245,000	£437,936	44% below HPI

40 SOUTH 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 two 40 SOUTH WAY sales from August 2017 and June 2024 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 August 2017 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the June 2024 sale, where it falls to 46% below the HPI. The line then continues to track at 46% below the HPI.

How Large is 40 SOUTH WAY?

40 SOUTH WAY is 64m² according to the EPC inspection conducted in April 2017. 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 40 SOUTH WAY lies on this distribution: 4% of detached houses are smaller than 40 SOUTH WAY, and 95% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

40 SOUTH WAY: Plot and Title Map

40 SOUTH WAY sits on a plot of roughly 0.081 of an acre, or 326m². The below map shows the location of 40 SOUTH 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 40 SOUTH 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 40 SOUTH WAY?

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