89, GRAVITS LANE, BOGNOR REGIS, PO21 5LN - £275,000

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

89 GRAVITS LANE is a small extended detached house of 92m², built sometime between 1930 and 1949. It was last sold for £275,000 in September 2018, which was around 40% below the average September 2018 detached price in the Arun local authority area. The most recent EPC inspection was February 2018, where the current energy rating was E, and the potential energy rating was C.

89 GRAVITS LANE Sold Prices

Land registry data shows two sales for 89 GRAVITS LANE 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 89 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
2018 28 SEP	£275,000	£462,060	40% below HPI
2002 9 AUG	£140,000	£227,212	38% below HPI

89 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 two 89 GRAVITS LANE sales from August 2002 and September 2018 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 2002 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the September 2018 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 89 GRAVITS LANE?

89 GRAVITS LANE is 92m², which includes one extension, according to the EPC inspection conducted in February 2018. This puts it in the smallest 40% 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 89 GRAVITS LANE lies on this distribution: 30% of detached houses are smaller than 89 GRAVITS LANE, and 69% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

89 GRAVITS LANE: Plot and Title Map

89 GRAVITS LANE sits on a plot of roughly 0.089 of an acre, or 360m². The below map shows the location of 89 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 89 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 89 GRAVITS LANE?

89 GRAVITS LANE is located in BOGNOR REGIS, in the PO21 postcode district. The below map shows the position of No. 89 on GRAVITS LANE.