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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

8 FARESMEAD is a small detached house of 100m², built sometime between 1976 and 1982. It was last sold for £625,000 in January 2023, which was around 10% 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	£568,771	10% above HPI
2013 10 DEC	£367,500	£339,636	8% above HPI
2009 2 APR	£240,000	£276,012	13% 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 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the January 2023 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

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 in Bognor Regis, based on EPC data. The below chart shows the distribution of detached houses by size in Bognor Regis, and where 8 FARESMEAD lies on this distribution: 39% of detached houses are smaller than 8 FARESMEAD, and 60% 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.