5, RIFE WAY, BOGNOR REGIS, PO22 7BN - £183,000

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 RIFE WAY is a very small detached house of 60m², built sometime between 1900 and 1929. It was last sold for £183,000 in August 2009, which was around 36% below the average August 2009 detached price in the Arun local authority area. The most recent EPC inspection was October 2008, where the current energy rating was E, and the potential energy rating was E.

5 RIFE WAY Sold Prices

Land registry data shows two sales for 5 RIFE 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 5 RIFE 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
2009 4 AUG	£183,000	£286,395	36% below HPI
1996 4 NOV	£45,000	£101,195	56% below HPI

5 RIFE 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 5 RIFE WAY sales from November 1996 and August 2009 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 November 1996 sale was for 56% below the HPI. So the extrapolation line tracks at 56% below the HPI over time, until the August 2009 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 5 RIFE WAY?

5 RIFE WAY is 60m² according to the EPC inspection conducted in October 2008. 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 RIFE WAY lies on this distribution: 3% of detached houses are smaller than 5 RIFE WAY, and 97% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

5 RIFE WAY: Plot and Title Map

5 RIFE WAY sits on a plot of roughly 0.135 of an acre, or 547m². The below map shows the location of 5 RIFE 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 RIFE 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 RIFE WAY?

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