8, NORFOLK WAY, BOGNOR REGIS, PO22 6JF - £469,000

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 NORFOLK WAY is a midsized extended detached house of 114m², built sometime between 1930 and 1949. It was last sold for £469,000 in May 2023, which was around 15% below the average May 2023 detached price in the Arun local authority area. The most recent EPC inspection was November 2022, where the current energy rating was E, and the potential energy rating was C.

8 NORFOLK WAY Sold Prices

Land registry data shows two sales for 8 NORFOLK WAY 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 8 NORFOLK WAY 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
2023 22 MAY	£469,000	£554,991	15% below HPI
2004 1 JUL	£229,950	£280,286	18% below HPI

8 NORFOLK WAY 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 8 NORFOLK WAY sales from July 2004 and May 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 July 2004 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the May 2023 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 8 NORFOLK WAY?

8 NORFOLK WAY is 114m², which includes one extension, according to the EPC inspection conducted in November 2022. This puts it in the largest 50% 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 NORFOLK WAY lies on this distribution: 52% of detached houses are smaller than 8 NORFOLK WAY, and 48% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

8 NORFOLK WAY: Plot and Title Map

8 NORFOLK WAY sits on a plot of roughly 0.099 of an acre, or 400m². The below map shows the location of 8 NORFOLK WAY, 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 NORFOLK WAY). 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 NORFOLK WAY?

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