5, THE GROVE, BOGNOR REGIS, PO22 7EY - £467,500

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 THE GROVE is a very large extended detached house of 186m², built sometime between 1967 and 1975, which could now be worth an estimated £696,448. It was last sold for £467,500 in February 2015, which was around 21% above the average February 2015 detached price in the Arun local authority area. The most recent EPC inspection was November 2014, where the current energy rating was C, and the potential energy rating was B.

5 THE GROVE Sold Prices

Land registry data shows two sales for 5 THE GROVE 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 THE GROVE 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
2015 16 FEB	£467,500	£385,779	21% above HPI
2010 8 JUL	£350,000	£338,690	3% above HPI

5 THE GROVE 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 THE GROVE sales from July 2010 and February 2015 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 2010 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the February 2015 sale, where it rises to 21% above the HPI. The line then continues to track at 21% above the HPI.

What might 5 THE GROVE be worth now?

5 THE GROVE might now be worth an estimated £696,448.

This is based on house price inflation of 49%, between February 2015 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 49% inflationary increase is applied to the most recent sale price for 5 THE GROVE of £467,500 on 16th February 2015. For the value to have increased from £467,500 to £696,448 over the ten years to February 2025, the following assumptions must hold true:

• The value of 5 THE GROVE has moved in line with the HPI for detached houses in the Arun local authority area.
• The February 2015 sale price of £467,500 represented a fair market value for the property.
• The size, condition, and specification of 5 THE GROVE has not materially changed since February 2015.

How Large is 5 THE GROVE?

5 THE GROVE is 186m², which includes one extension, according to the EPC inspection conducted in November 2014. This puts it in the largest 20% 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 THE GROVE lies on this distribution: 90% of detached houses houses are smaller than 5 THE GROVE, and 10% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

5 THE GROVE: Plot and Title Map

5 THE GROVE sits on a plot of roughly 0.194 of an acre, or 786m². The below map shows the location of 5 THE GROVE, 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 THE GROVE). 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 THE GROVE?

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