8, WELLERS CLOSE, FELPHAM, BOGNOR REGIS, PO22 8FS - £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 WELLERS CLOSE is a very large detached house of 165m². It was last sold for £625,000 in October 2023, which was around 14% above the average October 2023 detached price in the Arun local authority area. The most recent EPC inspection was August 2016, where the current energy rating was B, and the potential energy rating was A.

8 WELLERS CLOSE Sold Prices

Land registry data shows two sales for 8 WELLERS CLOSE 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 WELLERS CLOSE 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
2023 24 OCT	£625,000	£547,607	14% above HPI
2016 24 AUG	£540,000	£416,490	30% above HPI

8 WELLERS CLOSE 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 WELLERS CLOSE sales from August 2016 and October 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 August 2016 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the October 2023 sale, where it falls to 14% above the HPI. The line then continues to track at 14% above the HPI.

How Large is 8 WELLERS CLOSE?

8 WELLERS CLOSE is 165m² according to the EPC inspection conducted in August 2016. This puts it in the largest 20% 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 WELLERS CLOSE lies on this distribution: 83% of detached houses are smaller than 8 WELLERS CLOSE, and 16% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

8 WELLERS CLOSE: Plot and Title Map

8 WELLERS CLOSE sits on a plot of roughly 0.114 of an acre, or 463m². The below map shows the location of 8 WELLERS CLOSE, 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 WELLERS CLOSE). 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 WELLERS CLOSE?

8 WELLERS CLOSE is located in FELPHAM, in the PO22 postcode district. The below map shows the position of No. 8 on WELLERS CLOSE.