71, MEAD LANE, BOGNOR REGIS, PO22 8AP - £415,000

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

71 MEAD LANE is a very small detached house of 77m², built sometime between 1930 and 1949. It was last sold for £415,000 in November 2022, which was around 28% below the average November 2022 detached price in the Arun local authority area. The most recent EPC inspection was November 2020, where the current energy rating was D, and the potential energy rating was C.

71 MEAD LANE Sold Prices

Land registry data shows two sales for 71 MEAD 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 71 MEAD 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
2022 15 NOV	£415,000	£574,911	28% below HPI
1997 30 JUL	£75,500	£108,784	31% below HPI

71 MEAD 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 71 MEAD LANE sales from July 1997 and November 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 1997 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the November 2022 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 71 MEAD LANE?

71 MEAD LANE is 77m² according to the EPC inspection conducted in November 2020. This puts it in the smallest 20% 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 71 MEAD LANE lies on this distribution: 14% of detached houses are smaller than 71 MEAD LANE, and 85% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

71 MEAD LANE: Plot and Title Map

71 MEAD LANE sits on a plot of roughly 0.070 of an acre, or 285m². The below map shows the location of 71 MEAD 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 71 MEAD 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 71 MEAD LANE?

71 MEAD LANE is located in BOGNOR REGIS, in the PO22 postcode district. The below map shows the position of No. 71 on MEAD LANE.