41, WOOD HILL WAY, FELPHAM, BOGNOR REGIS, PO22 8GJ - £305,000

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.

41 WOOD HILL WAY is a small detached house of 88m², which could now be worth an estimated £375,537. It was last sold for £305,000 in February 2018, which was around 35% below the average February 2018 detached price in the Arun local authority area. The most recent EPC inspection was December 2013, where the current energy rating was B, and the potential energy rating was B.

41 WOOD HILL WAY Sold Prices

Land registry data shows two sales for 41 WOOD HILL 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 41 WOOD HILL 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
2018 28 FEB	£305,000	£466,759	35% below HPI
2014 28 MAR	£291,000	£356,674	18% below HPI

41 WOOD HILL 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 41 WOOD HILL WAY sales from March 2014 and February 2018 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 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the February 2018 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 41 WOOD HILL WAY be worth now?

41 WOOD HILL WAY might now be worth an estimated £375,537.

This is based on house price inflation of 23.1%, between February 2018 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 23.1% inflationary increase is applied to the most recent sale price for 41 WOOD HILL WAY of £305,000 on 28th February 2018. For the value to have increased from £305,000 to £375,537 over the seven years to February 2025, the following assumptions must hold true:

• The value of 41 WOOD HILL WAY has moved in line with the HPI for detached houses in the Arun local authority area.
• The February 2018 sale price of £305,000 represented a fair market value for the property.
• The size, condition, and specification of 41 WOOD HILL WAY has not materially changed since February 2018.

How Large is 41 WOOD HILL WAY?

41 WOOD HILL WAY is 88m² according to the EPC inspection conducted in December 2013. This puts it in the smallest 30% 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 41 WOOD HILL WAY lies on this distribution: 26% of detached houses houses are smaller than 41 WOOD HILL WAY, and 73% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

41 WOOD HILL WAY: Plot and Title Map

41 WOOD HILL WAY sits on a plot of roughly 0.300 of an acre, or 1,213m². The below map shows the location of 41 WOOD HILL 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 41 WOOD HILL 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 41 WOOD HILL WAY?

41 WOOD HILL WAY is located in FELPHAM, in the PO22 postcode district. The below map shows the position of No. 41 on WOOD HILL WAY.