THE COTTAGE, SWANSEA GARDENS, BOGNOR REGIS, PO21 2JG - £247,000

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.

THE COTTAGE is a very small detached house of 72m², built sometime between 1900 and 1929, which could now be worth an estimated £353,379. It was last sold for £247,000 in August 2015, which was around 39% below the average August 2015 detached price in the Arun local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was C.

THE COTTAGE Sold Prices

Land registry data shows two sales for THE 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 THE 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
2015 14 AUG	£247,000	£401,700	39% below HPI
2010 2 JUL	£175,000	£338,690	48% below HPI

THE 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 THE COTTAGE sales from July 2010 and August 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 July 2010 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the August 2015 sale, where it rises to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might THE COTTAGE be worth now?

THE COTTAGE might now be worth an estimated £353,379.

This is based on house price inflation of 43.1%, between August 2015 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 43.1% inflationary increase is applied to the most recent sale price for THE COTTAGE of £247,000 on 14th August 2015. For the value to have increased from £247,000 to £353,379 over the ten years and six months to February 2025, the following assumptions must hold true:

• The value of THE COTTAGE has moved in line with the HPI for detached houses in the Arun local authority area.
• The August 2015 sale price of £247,000 represented a fair market value for the property.
• The size, condition, and specification of THE COTTAGE has not materially changed since August 2015.

How Large is THE COTTAGE?

THE COTTAGE is 72m² according to the EPC inspection conducted in March 2015. This puts it in the smallest 10% 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 THE COTTAGE lies on this distribution: 10% of detached houses houses are smaller than THE COTTAGE, and 90% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.047 of an acre, or 191m². The below map shows the location of THE 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 THE 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 THE COTTAGE?

THE COTTAGE is located on SWANSEA GARDENS in BOGNOR REGIS, in the PO21 postcode district. The below map shows the position of THE COTTAGE on SWANSEA GARDENS.