THE ELMS, SUMMER LANE, BOGNOR REGIS, PO21 4NG - £480,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

THE ELMS is a very large detached house of 159m², built sometime between 1991 and 1995. It was last sold for £480,000 in September 2016, which was around 13% above the average September 2016 detached price in the Arun local authority area. The most recent EPC inspection was August 2012, where the current energy rating was C, and the potential energy rating was B.

THE ELMS Sold Prices

Land registry data shows two sales for THE ELMS 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 THE ELMS sales was for above the average price, whilst the other was 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
2016 16 SEP	£480,000	£425,526	13% above HPI
2014 15 JAN	£337,500	£340,298	1% below HPI

THE ELMS 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 ELMS sales from January 2014 and September 2016 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 January 2014 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the September 2016 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

How Large is THE ELMS?

THE ELMS is 159m² according to the EPC inspection conducted in August 2012. This puts it in the largest 20% of detached houses in Bognor Regis, based on EPC data. The below chart shows the distribution of detached houses by size in Bognor Regis, and where THE ELMS lies on this distribution: 82% of detached houses are smaller than THE ELMS, and 18% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

THE ELMS: Plot and Title Map

THE ELMS sits on a plot of roughly 0.125 of an acre, or 507m². The below map shows the location of THE ELMS, 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 ELMS). 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 ELMS?

THE ELMS is located on SUMMER LANE in BOGNOR REGIS, in the PO21 postcode district. The below map shows the position of THE ELMS on SUMMER LANE.