8, WOLSEY CLOSE, BOGNOR REGIS, PO21 3LQ - £300,000

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 WOLSEY CLOSE is a small extended detached house of 90m², built sometime between 1967 and 1975, which could now be worth an estimated £369,008. It was last sold for £300,000 in February 2019, which was around 36% below the average February 2019 detached price in the Arun local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was B.

8 WOLSEY CLOSE Sold Prices

Land registry data shows two sales for 8 WOLSEY 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 WOLSEY CLOSE 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
2019 22 FEB	£300,000	£467,231	36% below HPI
2017 2 FEB	£250,000	£445,058	44% below HPI

8 WOLSEY 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 WOLSEY CLOSE sales from February 2017 and February 2019 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 2017 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the February 2019 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might 8 WOLSEY CLOSE be worth now?

8 WOLSEY CLOSE might now be worth an estimated £369,008.

This is based on house price inflation of 23%, between February 2019 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 23% inflationary increase is applied to the most recent sale price for 8 WOLSEY CLOSE of £300,000 on 22nd February 2019. For the value to have increased from £300,000 to £369,008 over the six years to February 2025, the following assumptions must hold true:

• The value of 8 WOLSEY CLOSE has moved in line with the HPI for detached houses in the Arun local authority area.
• The February 2019 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 8 WOLSEY CLOSE has not materially changed since February 2019.

How Large is 8 WOLSEY CLOSE?

8 WOLSEY CLOSE is 90m², which includes one extension, according to the EPC inspection conducted in July 2016. This puts it in the smallest 30% 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 WOLSEY CLOSE lies on this distribution: 28% of detached houses houses are smaller than 8 WOLSEY CLOSE, and 71% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

8 WOLSEY CLOSE: Plot and Title Map

8 WOLSEY CLOSE sits on a plot of roughly 0.078 of an acre, or 317m². The below map shows the location of 8 WOLSEY 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 WOLSEY 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 WOLSEY CLOSE?

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