HOMEWARD, LAKE LANE, BARNHAM, BOGNOR REGIS, PO22 0AE - £420,000

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

HOMEWARD is a small extended detached house of 111m², built sometime between 1930 and 1949. It was last sold for £420,000 in June 2021, which was around 16% below the average June 2021 detached price in the Arun local authority area. The most recent EPC inspection was December 2016, where the current energy rating was D, and the potential energy rating was C.

HOMEWARD Sold Prices

Land registry data shows two sales for HOMEWARD 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 HOMEWARD 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
2021 28 JUN	£420,000	£497,497	16% below HPI
2017 5 APR	£342,500	£427,213	20% below HPI

HOMEWARD 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 HOMEWARD sales from April 2017 and June 2021 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 April 2017 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the June 2021 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is HOMEWARD?

HOMEWARD is 111m², which includes one extension, according to the EPC inspection conducted in December 2016. This puts it in the smallest 30% of detached houses in Barnham, based on EPC data. The below chart shows the distribution of detached houses by size in Barnham, and where HOMEWARD lies on this distribution: 23% of detached houses are smaller than HOMEWARD, and 74% of houses are larger. Note that EPC data is not available for all properties in Barnham.

HOMEWARD: Plot and Title Map

HOMEWARD sits on a plot of roughly 0.143 of an acre, or 580m². The below map shows the location of HOMEWARD, 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 HOMEWARD). 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 HOMEWARD?

HOMEWARD is located on LAKE LANE in BARNHAM, in the PO22 postcode district. The below map shows the position of HOMEWARD on LAKE LANE.