7A, DRAKE PARK, BOGNOR REGIS, PO22 7QG - £299,950

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

7A DRAKE PARK is a large extended detached house of 136m², built sometime between 1967 and 1975. It was last sold for £299,950 in May 2013, which was around 8% below the average May 2013 detached price in the Arun local authority area. The most recent EPC inspection was January 2013, where the current energy rating was D, and the potential energy rating was C.

7A DRAKE PARK Sold Prices

Land registry data shows three sales for 7A DRAKE PARK 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. Two of the three 7A DRAKE PARK sales were for below the average price, whilst one 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
2013 3 MAY	£299,950	£324,855	8% below HPI
2006 31 MAR	£295,000	£287,798	3% above HPI
1998 5 JUN	£120,000	£124,107	3% below HPI

7A DRAKE PARK 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 7A DRAKE PARK sales between June 1998 and May 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 March 2006 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the May 2013 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 7A DRAKE PARK?

7A DRAKE PARK is 136m², which includes one extension, according to the EPC inspection conducted in January 2013. 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 7A DRAKE PARK lies on this distribution: 68% of detached houses are smaller than 7A DRAKE PARK, and 31% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

7A DRAKE PARK: Plot and Title Map

7A DRAKE PARK sits on a plot of roughly 0.183 of an acre, or 741m². The below map shows the location of 7A DRAKE PARK, 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 7A DRAKE PARK). 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 7A DRAKE PARK?

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