RUSSET COTTAGE, HIGHGROUND LANE, BARNHAM, BOGNOR REGIS, PO22 0BT - £488,000

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.

RUSSET COTTAGE is a very small extended detached house of 82m², built sometime from 2007 onwards, which could now be worth an estimated £505,575. It was last sold for £488,000 in February 2022, which was around 12% below the average February 2022 detached price in the Arun local authority area. The most recent EPC inspection was January 2013, where the current energy rating was C, and the potential energy rating was A.

RUSSET COTTAGE Sold Prices

Land registry data shows two sales for RUSSET COTTAGE 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 RUSSET COTTAGE 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
2022 18 FEB	£488,000	£554,728	12% below HPI
2020 30 NOV	£315,000	£500,238	37% below HPI

RUSSET COTTAGE 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 RUSSET COTTAGE sales from November 2020 and February 2022 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 2020 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the February 2022 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might RUSSET COTTAGE be worth now?

RUSSET COTTAGE might now be worth an estimated £505,575.

This is based on house price inflation of 3.6%, between February 2022 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 3.6% inflationary increase is applied to the most recent sale price for RUSSET COTTAGE of £488,000 on 18th February 2022. For the value to have increased from £488,000 to £505,575 over the three years to February 2025, the following assumptions must hold true:

• The value of RUSSET COTTAGE has moved in line with the HPI for detached houses in the Arun local authority area.
• The February 2022 sale price of £488,000 represented a fair market value for the property.
• The size, condition, and specification of RUSSET COTTAGE has not materially changed since February 2022.

How Large is RUSSET COTTAGE?

RUSSET COTTAGE is 82m², which includes one extension, according to the EPC inspection conducted in January 2013. This puts it in the smallest 10% of detached houses houses in Barnham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Barnham, and where RUSSET COTTAGE lies on this distribution: 6% of detached houses houses are smaller than RUSSET COTTAGE, and 94% of houses are larger. Note that EPC data is not available for all properties in Barnham.

RUSSET COTTAGE: Plot and Title Map

RUSSET COTTAGE sits on a plot of roughly 0.117 of an acre, or 472m². The below map shows the location of RUSSET COTTAGE, 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 RUSSET COTTAGE). 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 RUSSET COTTAGE?

RUSSET COTTAGE is located on HIGHGROUND LANE in BARNHAM, in the PO22 postcode district. The below map shows the position of RUSSET COTTAGE on HIGHGROUND LANE.