87, GRAVITS LANE, BOGNOR REGIS, PO21 5LN - £240,000

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

87 GRAVITS LANE is a very large detached house of 254m², built sometime between 1900 and 1929. It was last sold for £240,000 in December 2014, which was around 36% below the average December 2014 detached price in the Arun local authority area. The most recent EPC inspection was March 2015, where the current energy rating was E, and the potential energy rating was D.

87 GRAVITS LANE Sold Prices

Land registry data shows three sales for 87 GRAVITS LANE 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. All of the three 87 GRAVITS LANE 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
2014 15 DEC	£240,000	£373,903	36% below HPI
2013 8 NOV	£148,000	£344,170	57% below HPI
2011 17 FEB	£125,000	£305,356	59% below HPI

87 GRAVITS LANE 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 87 GRAVITS LANE sales between February 2011 and December 2014 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 November 2013 sale was for 57% below the HPI. So the extrapolation line tracks at 57% below the HPI over time, until the December 2014 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 87 GRAVITS LANE?

87 GRAVITS LANE is 254m² according to the EPC inspection conducted in March 2015. This puts it in the largest 10% 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 87 GRAVITS LANE lies on this distribution: 98% of detached houses are smaller than 87 GRAVITS LANE, and 2% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

87 GRAVITS LANE: Plot and Title Map

87 GRAVITS LANE sits on a plot of roughly 0.104 of an acre, or 421m². The below map shows the location of 87 GRAVITS LANE, 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 87 GRAVITS LANE). 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 87 GRAVITS LANE?

87 GRAVITS LANE is located in BOGNOR REGIS, in the PO21 postcode district. The below map shows the position of No. 87 on GRAVITS LANE.