5, SECOND AVENUE, BOGNOR REGIS, PO22 7LJ - £975,000

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.

5 SECOND AVENUE is a very large extended detached house of 217m², built sometime between 1950 and 1966, which could now be worth an estimated £947,609. It was last sold for £975,000 in December 2022, which was around 65% above the average December 2022 detached price in the Arun local authority area. The most recent EPC inspection was October 2022, where the current energy rating was D, and the potential energy rating was C.

5 SECOND AVENUE Sold Prices

Land registry data shows three sales for 5 SECOND AVENUE 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 SECOND AVENUE sales were for above 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
2022 19 DEC	£975,000	£591,318	65% above HPI
2021 15 JUL	£875,000	£511,640	71% above HPI
2002 14 NOV	£473,000	£250,424	89% above HPI

5 SECOND AVENUE 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 SECOND AVENUE sales between November 2002 and December 2022 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 July 2021 sale was for 71% above the HPI. So the extrapolation line tracks at 71% above the HPI over time, until the December 2022 sale, where it falls to 65% above the HPI. The line then continues to track at 65% above the HPI.

What might 5 SECOND AVENUE be worth now?

5 SECOND AVENUE might now be worth an estimated £947,609.

This is based on house price deflation of 2.8%, between December 2022 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 2.8% deflationary decrease is applied to the most recent sale price for 5 SECOND AVENUE of £975,000 on 19th December 2022. For the value to have decreased from £975,000 to £947,609 over the three years and ten months to February 2025, the following assumptions must hold true:

• The value of 5 SECOND AVENUE has moved in line with the HPI for detached houses in the Arun local authority area.
• The December 2022 sale price of £975,000 represented a fair market value for the property.
• The size, condition, and specification of 5 SECOND AVENUE has not materially changed since December 2022.

How Large is 5 SECOND AVENUE?

5 SECOND AVENUE is 217m², which includes three extensions, according to the EPC inspection conducted in October 2022. This puts it in the largest 10% 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 5 SECOND AVENUE lies on this distribution: 95% of detached houses houses are smaller than 5 SECOND AVENUE, and 5% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

5 SECOND AVENUE: Plot and Title Map

5 SECOND AVENUE sits on a plot of roughly 0.156 of an acre, or 630m². The below map shows the location of 5 SECOND AVENUE, 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 SECOND AVENUE). 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 SECOND AVENUE?

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