RED ROOFS, SHRIPNEY ROAD, BOGNOR REGIS, PO22 9NJ - £228,000

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.

RED ROOFS is a small extended detached house of 92m², built sometime between 1900 and 1929, which could now be worth an estimated £555,893. It was last sold for £228,000 in August 2002, which was around 3% below the average August 2002 detached price in the Arun local authority area. The most recent EPC inspection was December 2015, where the current energy rating was F, and the potential energy rating was C.

RED ROOFS Sold Prices

Land registry data shows two sales for RED ROOFS 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 RED ROOFS 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
2002 28 AUG	£228,000	£235,716	3% below HPI
1996 3 OCT	£80,000	£104,389	23% below HPI

RED ROOFS 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 RED ROOFS sales from October 1996 and August 2002 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 October 1996 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the August 2002 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might RED ROOFS be worth now?

RED ROOFS might now be worth an estimated £555,893.

This is based on house price inflation of 143.8%, between August 2002 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 143.8% inflationary increase is applied to the most recent sale price for RED ROOFS of £228,000 on 28th August 2002. For the value to have increased from £228,000 to £555,893 over the 23 years and six months to February 2025, the following assumptions must hold true:

• The value of RED ROOFS has moved in line with the HPI for detached houses in the Arun local authority area.
• The August 2002 sale price of £228,000 represented a fair market value for the property.
• The size, condition, and specification of RED ROOFS has not materially changed since August 2002.

How Large is RED ROOFS?

RED ROOFS is 92m², which includes one extension, according to the EPC inspection conducted in December 2015. This puts it in the smallest 40% 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 RED ROOFS lies on this distribution: 30% of detached houses houses are smaller than RED ROOFS, and 69% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

RED ROOFS: Plot and Title Map

RED ROOFS sits on a plot of roughly 0.232 of an acre, or 937m². The below map shows the location of RED ROOFS, 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 RED ROOFS). 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 RED ROOFS?

RED ROOFS is located on SHRIPNEY ROAD in BOGNOR REGIS, in the PO22 postcode district. The below map shows the position of RED ROOFS on SHRIPNEY ROAD.