NAGARKOT, WICK LANE, BOGNOR REGIS, PO22 8QG - £415,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

NAGARKOT is a very large detached house of 184m², built sometime between 1983 and 1990, which could now be worth an estimated £476,779. It was last sold for £415,000 in November 2020, which was around 17% below the average November 2020 detached price in the Arun local authority area. The most recent EPC inspection was July 2019, where the current energy rating was C, and the potential energy rating was C.

NAGARKOT Sold Prices

Land registry data shows two sales for NAGARKOT 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. One of the two NAGARKOT sales was for below the average price, whilst the other was 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
2020 12 NOV	£415,000	£500,238	17% below HPI
2003 10 NOV	£307,350	£276,310	11% above HPI

NAGARKOT 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 NAGARKOT sales from November 2003 and November 2020 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 November 2003 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the November 2020 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might NAGARKOT be worth now?

NAGARKOT might now be worth an estimated £476,779.

This is based on house price inflation of 14.9%, between November 2020 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 14.9% inflationary increase is applied to the most recent sale price for NAGARKOT of £415,000 on 12th November 2020. For the value to have increased from £415,000 to £476,779 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of NAGARKOT has moved in line with the HPI for detached houses in the Arun local authority area.
• The November 2020 sale price of £415,000 represented a fair market value for the property.
• The size, condition, and specification of NAGARKOT has not materially changed since November 2020.

How Large is NAGARKOT?

NAGARKOT is 184m² according to the EPC inspection conducted in July 2019. This puts it in the largest 20% 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 NAGARKOT lies on this distribution: 89% of detached houses houses are smaller than NAGARKOT, and 10% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

NAGARKOT: Plot and Title Map

NAGARKOT sits on a plot of roughly 0.139 of an acre, or 561m². The below map shows the location of NAGARKOT, 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 NAGARKOT). 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 NAGARKOT?

NAGARKOT is located on WICK LANE in BOGNOR REGIS, in the PO22 postcode district. The below map shows the position of NAGARKOT on WICK LANE.