9, GREYFRIARS CLOSE, BOGNOR REGIS, PO21 5RH - £279,950

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

9 GREYFRIARS CLOSE is a very small detached house of 71m², built sometime between 1950 and 1966, which could now be worth an estimated £412,708. It was last sold for £279,950 in November 2014, which was around 28% below the average November 2014 detached price in the Arun local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was B.

9 GREYFRIARS CLOSE Sold Prices

Land registry data shows three sales for 9 GREYFRIARS CLOSE 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 9 GREYFRIARS 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
2014 28 NOV	£279,950	£389,837	28% below HPI
2004 23 MAR	£228,000	£281,259	19% below HPI
2002 5 NOV	£160,000	£250,424	36% below HPI

9 GREYFRIARS 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 three 9 GREYFRIARS CLOSE sales between November 2002 and November 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 March 2004 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the November 2014 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 9 GREYFRIARS CLOSE be worth now?

9 GREYFRIARS CLOSE might now be worth an estimated £412,708.

This is based on house price inflation of 47.4%, between November 2014 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 47.4% inflationary increase is applied to the most recent sale price for 9 GREYFRIARS CLOSE of £279,950 on 28th November 2014. For the value to have increased from £279,950 to £412,708 over the eleven years and nine months to February 2025, the following assumptions must hold true:

• The value of 9 GREYFRIARS CLOSE has moved in line with the HPI for detached houses in the Arun local authority area.
• The November 2014 sale price of £279,950 represented a fair market value for the property.
• The size, condition, and specification of 9 GREYFRIARS CLOSE has not materially changed since November 2014.

How Large is 9 GREYFRIARS CLOSE?

9 GREYFRIARS CLOSE is 71m² according to the EPC inspection conducted in October 2014. This puts it in the smallest 10% 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 9 GREYFRIARS CLOSE lies on this distribution: 9% of detached houses houses are smaller than 9 GREYFRIARS CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

9 GREYFRIARS CLOSE: Plot and Title Map

9 GREYFRIARS CLOSE sits on a plot of roughly 0.128 of an acre, or 516m². The below map shows the location of 9 GREYFRIARS 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 9 GREYFRIARS 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 9 GREYFRIARS CLOSE?

9 GREYFRIARS CLOSE is located in BOGNOR REGIS, in the PO21 postcode district. The below map shows the position of No. 9 on GREYFRIARS CLOSE.