OAKLANDS, SHRIPNEY LANE, BOGNOR REGIS, PO22 9NR - £650,000

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.

OAKLANDS is a very large extended detached house of 213m², built sometime between 1930 and 1949, which could now be worth an estimated £748,006. It was last sold for £650,000 in February 2021, which was around 30% above the average February 2021 detached price in the Arun local authority area. The most recent EPC inspection was December 2016, where the current energy rating was E, and the potential energy rating was D.

OAKLANDS Sold Prices

Land registry data shows three sales for OAKLANDS 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 OAKLANDS 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
2021 19 FEB	£650,000	£499,406	30% above HPI
2006 21 DEC	£585,000	£324,877	80% above HPI
2001 28 SEP	£370,000	£206,333	79% above HPI

OAKLANDS 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 OAKLANDS sales between September 2001 and February 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 December 2006 sale was for 80% above the HPI. So the extrapolation line tracks at 80% above the HPI over time, until the February 2021 sale, where it falls to 30% above the HPI. The line then continues to track at 30% above the HPI.

What might OAKLANDS be worth now?

OAKLANDS might now be worth an estimated £748,006.

This is based on house price inflation of 15.1%, between February 2021 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 15.1% inflationary increase is applied to the most recent sale price for OAKLANDS of £650,000 on 19th February 2021. For the value to have increased from £650,000 to £748,006 over the four years to February 2025, the following assumptions must hold true:

• The value of OAKLANDS has moved in line with the HPI for detached houses in the Arun local authority area.
• The February 2021 sale price of £650,000 represented a fair market value for the property.
• The size, condition, and specification of OAKLANDS has not materially changed since February 2021.

How Large is OAKLANDS?

OAKLANDS is 213m², which includes two extensions, according to the EPC inspection conducted in December 2016. This puts it in the largest 20% of detached houses houses in Shripney, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shripney, and where OAKLANDS lies on this distribution: 86% of detached houses houses are smaller than OAKLANDS, and 14% of houses are larger. Note that EPC data is not available for all properties in Shripney.

OAKLANDS: Plot and Title Map

OAKLANDS sits on a plot of roughly 0.110 of an acre, or 445m². The below map shows the location of OAKLANDS, 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 OAKLANDS). 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 OAKLANDS?

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