8, FARESMEAD, BOGNOR REGIS, PO21 3DQ - £625,000

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 FARESMEAD is a small detached house of 100m², built sometime between 1976 and 1982, which could now be worth an estimated £608,738. It was last sold for £625,000 in January 2023, which was around 6% above the average January 2023 detached price in the Arun local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was B.

8 FARESMEAD Sold Prices

Land registry data shows three sales for 8 FARESMEAD 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 8 FARESMEAD sales were for above the average price, whilst one was 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
2023 13 JAN	£625,000	£590,059	6% above HPI
2013 10 DEC	£367,500	£352,348	4% above HPI
2009 2 APR	£240,000	£286,342	16% below HPI

8 FARESMEAD 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 8 FARESMEAD sales between April 2009 and January 2023 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 December 2013 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the January 2023 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 8 FARESMEAD be worth now?

8 FARESMEAD might now be worth an estimated £608,738.

This is based on house price deflation of 2.6%, between January 2023 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 2.6% deflationary decrease is applied to the most recent sale price for 8 FARESMEAD of £625,000 on 13th January 2023. For the value to have decreased from £625,000 to £608,738 over the one year and eleven months to February 2025, the following assumptions must hold true:

• The value of 8 FARESMEAD has moved in line with the HPI for detached houses in the Arun local authority area.
• The January 2023 sale price of £625,000 represented a fair market value for the property.
• The size, condition, and specification of 8 FARESMEAD has not materially changed since January 2023.

How Large is 8 FARESMEAD?

8 FARESMEAD is 100m² according to the EPC inspection conducted in March 2022. This puts it in the smallest 40% 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 FARESMEAD lies on this distribution: 39% of detached houses houses are smaller than 8 FARESMEAD, and 61% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

8 FARESMEAD: Plot and Title Map

8 FARESMEAD sits on a plot of roughly 0.153 of an acre, or 619m². The below map shows the location of 8 FARESMEAD, 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 FARESMEAD). 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 FARESMEAD?

8 FARESMEAD is located in BOGNOR REGIS, in the PO21 postcode district. The below map shows the position of No. 8 on FARESMEAD.