LAURELS, LAKE LANE, BARNHAM, BOGNOR REGIS, PO22 0AJ - £314,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

LAURELS is a very small extended detached house of 80m², built sometime between 1930 and 1949. It was last sold for £314,000 in April 2015, which was around 18% below the average April 2015 detached price in the Arun local authority area. The most recent EPC inspection was April 2011, where the current energy rating was E, and the potential energy rating was C.

LAURELS Sold Prices

Land registry data shows two sales for LAURELS 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 LAURELS 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
2015 28 APR	£314,000	£382,226	18% below HPI
2011 24 JUN	£245,000	£309,200	21% below HPI

LAURELS 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 LAURELS sales from June 2011 and April 2015 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 June 2011 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the April 2015 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is LAURELS?

LAURELS is 80m², which includes one extension, according to the EPC inspection conducted in April 2011. This puts it in the smallest 10% of detached houses in Barnham, based on EPC data. The below chart shows the distribution of detached houses by size in Barnham, and where LAURELS lies on this distribution: 4% of detached houses are smaller than LAURELS, and 96% of houses are larger. Note that EPC data is not available for all properties in Barnham.

LAURELS: Plot and Title Map

LAURELS sits on a plot of roughly 0.201 of an acre, or 815m². The below map shows the location of LAURELS, 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 LAURELS). 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 LAURELS?

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