DRIFTWOOD, MANOR WAY, ELMER, BOGNOR REGIS, PO22 6LA - £900,000

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

DRIFTWOOD is a small extended detached house of 95m², built sometime between 1983 and 1990. It was last sold for £900,000 in July 2023, which was around 65% above the average July 2023 detached price in the Arun local authority area. The most recent EPC inspection was July 2009, where the current energy rating was D, and the potential energy rating was C.

DRIFTWOOD Sold Prices

Land registry data shows three sales for DRIFTWOOD 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 DRIFTWOOD 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
2023 24 JUL	£900,000	£546,811	65% above HPI
2021 26 FEB	£560,000	£481,388	16% above HPI
2010 16 JUL	£430,000	£326,470	32% above HPI

DRIFTWOOD 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 DRIFTWOOD sales between July 2010 and July 2023 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 2021 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the July 2023 sale, where it rises to 65% above the HPI. The line then continues to track at 65% above the HPI.

How Large is DRIFTWOOD?

DRIFTWOOD is 95m², which includes one extension, according to the EPC inspection conducted in July 2009. 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 DRIFTWOOD lies on this distribution: 33% of detached houses are smaller than DRIFTWOOD, and 67% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

DRIFTWOOD: Plot and Title Map

DRIFTWOOD sits on a plot of roughly 0.087 of an acre, or 352m². The below map shows the location of DRIFTWOOD, 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 DRIFTWOOD). 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 DRIFTWOOD?

DRIFTWOOD is located on MANOR WAY in ELMER, in the PO22 postcode district. The below map shows the position of DRIFTWOOD on MANOR WAY.