5, PENN CLOSE, BOGNOR REGIS, PO22 7SG - £270,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

5 PENN CLOSE is a small extended detached house of 84m², built sometime between 1983 and 1990. It was last sold for £270,000 in August 2008, which was around 16% below the average August 2008 detached price in the Arun local authority area. The most recent EPC inspection was October 2017, where the current energy rating was C, and the potential energy rating was B.

5 PENN CLOSE Sold Prices

Land registry data shows two sales for 5 PENN CLOSE 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 5 PENN CLOSE 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
2008 8 AUG	£270,000	£321,354	16% below HPI
1998 23 OCT	£94,000	£131,095	28% below HPI

5 PENN CLOSE 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 5 PENN CLOSE sales from October 1998 and August 2008 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 October 1998 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the August 2008 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 5 PENN CLOSE?

5 PENN CLOSE is 84m², which includes one extension, according to the EPC inspection conducted in October 2017. This puts it in the smallest 30% 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 PENN CLOSE lies on this distribution: 22% of detached houses are smaller than 5 PENN CLOSE, and 77% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

5 PENN CLOSE: Plot and Title Map

5 PENN CLOSE sits on a plot of roughly 0.140 of an acre, or 567m². The below map shows the location of 5 PENN CLOSE, 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 PENN CLOSE). 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 PENN CLOSE?

5 PENN CLOSE is located in BOGNOR REGIS, in the PO22 postcode district. The below map shows the position of No. 5 on PENN CLOSE.