65B, GRAVITS LANE, BOGNOR REGIS, PO21 5LW - £190,000

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

65B GRAVITS LANE is a large extended detached house of 140m², built sometime between 1930 and 1949. It was last sold for £190,000 in December 2013, which was around 44% below the average December 2013 detached price in the Arun local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was B.

65B GRAVITS LANE Sold Prices

Land registry data shows two sales for 65B GRAVITS LANE 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 65B GRAVITS LANE 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
2013 19 DEC	£190,000	£339,636	44% below HPI
2007 5 JAN	£223,000	£309,031	28% below HPI

65B GRAVITS LANE 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 65B GRAVITS LANE sales from January 2007 and December 2013 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 January 2007 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the December 2013 sale, where it falls to 44% below the HPI. The line then continues to track at 44% below the HPI.

How Large is 65B GRAVITS LANE?

65B GRAVITS LANE is 140m², which includes one extension, according to the EPC inspection conducted in March 2015. This puts it in the largest 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 65B GRAVITS LANE lies on this distribution: 71% of detached houses are smaller than 65B GRAVITS LANE, and 29% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

65B GRAVITS LANE: Plot and Title Map

65B GRAVITS LANE sits on a plot of roughly 0.077 of an acre, or 311m². The below map shows the location of 65B GRAVITS LANE, 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 65B GRAVITS LANE). 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 65B GRAVITS LANE?

65B GRAVITS LANE is located in BOGNOR REGIS, in the PO21 postcode district. The below map shows the position of No. 65B on GRAVITS LANE.