7, LAVENDER CLOSE, BOGNOR REGIS, PO22 6SP - £348,500

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

7 LAVENDER CLOSE is a large extended detached house of 125m², built sometime between 1991 and 1995. It was last sold for £348,500 in March 2016, which was around 15% below the average March 2016 detached price in the Arun local authority area. The most recent EPC inspection was October 2015, where the current energy rating was D, and the potential energy rating was C.

7 LAVENDER CLOSE Sold Prices

Land registry data shows two sales for 7 LAVENDER 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. One of the two 7 LAVENDER CLOSE sales was for below the average price, whilst the other was 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
2016 30 MAR	£348,500	£410,492	15% below HPI
1998 24 APR	£131,500	£120,060	10% above HPI

7 LAVENDER 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 7 LAVENDER CLOSE sales from April 1998 and March 2016 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 April 1998 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the March 2016 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 7 LAVENDER CLOSE?

7 LAVENDER CLOSE is 125m², which includes one extension, according to the EPC inspection conducted in October 2015. This puts it in the largest 40% 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 7 LAVENDER CLOSE lies on this distribution: 61% of detached houses are smaller than 7 LAVENDER CLOSE, and 39% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

7 LAVENDER CLOSE: Plot and Title Map

7 LAVENDER CLOSE sits on a plot of roughly 0.075 of an acre, or 304m². The below map shows the location of 7 LAVENDER 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 7 LAVENDER 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 7 LAVENDER CLOSE?

7 LAVENDER CLOSE is located in BOGNOR REGIS, in the PO22 postcode district. The below map shows the position of No. 7 on LAVENDER CLOSE.