8, DRAKE PARK, BOGNOR REGIS, PO22 7QG - £405,000

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.

8 DRAKE PARK is a midsized extended detached house of 107m², built sometime between 1967 and 1975, which could now be worth an estimated £423,673. It was last sold for £405,000 in June 2024, which was around 26% below the average June 2024 detached price in the Arun local authority area. The most recent EPC inspection was March 2017, where the current energy rating was C, and the potential energy rating was B.

8 DRAKE PARK Sold Prices

Land registry data shows five sales for 8 DRAKE PARK since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Arun local authority area for the corresponding sale date. All of the five 8 DRAKE PARK 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
2024 7 JUN	£405,000	£549,376	26% below HPI
2017 13 JUN	£325,000	£445,043	27% below HPI
2010 22 FEB	£220,000	£330,726	33% below HPI
2005 4 MAR	£227,500	£298,123	24% below HPI
1999 9 FEB	£100,000	£135,559	26% below HPI

8 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 five 8 DRAKE PARK sales between February 1999 and June 2024 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 June 2017 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the June 2024 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 8 DRAKE PARK be worth now?

8 DRAKE PARK might now be worth an estimated £423,673.

This is based on house price inflation of 4.6%, between June 2024 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 4.6% inflationary increase is applied to the most recent sale price for 8 DRAKE PARK of £405,000 on 7th June 2024. For the value to have increased from £405,000 to £423,673 over the one year and four months to February 2025, the following assumptions must hold true:

• The value of 8 DRAKE PARK has moved in line with the HPI for detached houses in the Arun local authority area.
• The June 2024 sale price of £405,000 represented a fair market value for the property.
• The size, condition, and specification of 8 DRAKE PARK has not materially changed since June 2024.

How Large is 8 DRAKE PARK?

8 DRAKE PARK is 107m², which includes one extension, according to the EPC inspection conducted in March 2017. This puts it in the smallest 50% 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 8 DRAKE PARK lies on this distribution: 45% of detached houses houses are smaller than 8 DRAKE PARK, and 54% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

8 DRAKE PARK: Plot and Title Map

8 DRAKE PARK sits on a plot of roughly 0.076 of an acre, or 309m². The below map shows the location of 8 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 8 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 8 DRAKE PARK?

8 DRAKE PARK is located in BOGNOR REGIS, in the PO22 postcode district. The below map shows the position of No. 8 on DRAKE PARK.