5, GIBSON WAY, BOGNOR REGIS, PO21 1AW - £135,000

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

5 GIBSON WAY is a very small detached house of 55m², built sometime between 1983 and 1990. It was last sold for £135,000 in February 2004, which was around 50% below the average February 2004 detached price in the Arun local authority area. The most recent EPC inspection was April 2024, where the current energy rating was C, and the potential energy rating was B.

5 GIBSON WAY Sold Prices

Land registry data shows three sales for 5 GIBSON 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 5 GIBSON 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
2004 20 FEB	£135,000	£269,455	50% below HPI
2002 6 DEC	£131,000	£245,528	47% below HPI
1997 21 APR	£52,950	£104,358	49% below HPI

5 GIBSON 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 5 GIBSON WAY sales between April 1997 and February 2004 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 December 2002 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the February 2004 sale, where it falls to 50% below the HPI. The line then continues to track at 50% below the HPI.

How Large is 5 GIBSON WAY?

5 GIBSON WAY is 55m² according to the EPC inspection conducted in April 2024. 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 5 GIBSON WAY lies on this distribution: 1% of detached houses are smaller than 5 GIBSON WAY, and 98% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

5 GIBSON WAY: Plot and Title Map

5 GIBSON WAY sits on a plot of roughly 0.038 of an acre, or 153m². The below map shows the location of 5 GIBSON 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 5 GIBSON 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 5 GIBSON WAY?

5 GIBSON WAY is located in BOGNOR REGIS, in the PO21 postcode district. The below map shows the position of No. 5 on GIBSON WAY.