8, THE DRIVE, BOGNOR REGIS, PO21 4DU - £650,000

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 THE DRIVE is a midsized detached house of 113m², built sometime between 1967 and 1975. It was last sold for £650,000 in November 2016, which was around 53% above the average November 2016 detached price in the Arun local authority area. The most recent EPC inspection was August 2016, where the current energy rating was C, and the potential energy rating was B.

8 THE DRIVE Sold Prices

Land registry data shows two sales for 8 THE DRIVE 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 THE DRIVE sales were 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
2016 4 NOV	£650,000	£425,390	53% above HPI
2014 14 FEB	£372,000	£339,613	10% above HPI

8 THE DRIVE 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 THE DRIVE sales from February 2014 and November 2016 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 February 2014 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the November 2016 sale, where it rises to 53% above the HPI. The line then continues to track at 53% above the HPI.

How Large is 8 THE DRIVE?

8 THE DRIVE is 113m² according to the EPC inspection conducted in August 2016. 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 THE DRIVE lies on this distribution: 51% of detached houses are smaller than 8 THE DRIVE, and 48% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

8 THE DRIVE: Plot and Title Map

8 THE DRIVE sits on a plot of roughly 0.203 of an acre, or 820m². The below map shows the location of 8 THE DRIVE, 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 THE DRIVE). 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 THE DRIVE?

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