CORNER COTTAGE, INNERWYKE CLOSE, BOGNOR REGIS, PO22 8PY - £465,000

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

CORNER COTTAGE is a large detached house of 127m², built sometime from 2007 onwards, which could now be worth an estimated £638,777. It was last sold for £465,000 in January 2016, which was around 11% above the average January 2016 detached price in the Arun local authority area. The most recent EPC inspection was December 2008, where the current energy rating was C, and the potential energy rating was C.

CORNER COTTAGE Sold Prices

Land registry data shows two sales for CORNER COTTAGE 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 CORNER COTTAGE 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
2016 14 JAN	£465,000	£418,359	11% above HPI
2004 26 MAR	£395,000	£281,259	40% above HPI

CORNER COTTAGE 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 CORNER COTTAGE sales from March 2004 and January 2016 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 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the January 2016 sale, where it falls to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might CORNER COTTAGE be worth now?

CORNER COTTAGE might now be worth an estimated £638,777.

This is based on house price inflation of 37.4%, between January 2016 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 37.4% inflationary increase is applied to the most recent sale price for CORNER COTTAGE of £465,000 on 14th January 2016. For the value to have increased from £465,000 to £638,777 over the eight years and eleven months to February 2025, the following assumptions must hold true:

• The value of CORNER COTTAGE has moved in line with the HPI for detached houses in the Arun local authority area.
• The January 2016 sale price of £465,000 represented a fair market value for the property.
• The size, condition, and specification of CORNER COTTAGE has not materially changed since January 2016.

How Large is CORNER COTTAGE?

CORNER COTTAGE is 127m² according to the EPC inspection conducted in December 2008. This puts it in the largest 40% 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 CORNER COTTAGE lies on this distribution: 62% of detached houses houses are smaller than CORNER COTTAGE, and 38% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

CORNER COTTAGE: Plot and Title Map

CORNER COTTAGE sits on a plot of roughly 0.207 of an acre, or 838m². The below map shows the location of CORNER COTTAGE, 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 CORNER COTTAGE). 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 CORNER COTTAGE?

CORNER COTTAGE is located on INNERWYKE CLOSE in BOGNOR REGIS, in the PO22 postcode district. The below map shows the position of CORNER COTTAGE on INNERWYKE CLOSE.