1, ALFRED CLOSE, BOGNOR REGIS, PO22 7UF - £450,000

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.

1 ALFRED CLOSE is a small extended detached house of 85m², built sometime between 1996 and 2002, which could now be worth an estimated £446,882. It was last sold for £450,000 in June 2022, which was around 20% below the average June 2022 detached price in the Arun local authority area. The most recent EPC inspection was February 2022, where the current energy rating was C, and the potential energy rating was B.

1 ALFRED CLOSE Sold Prices

Land registry data shows four sales for 1 ALFRED CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Arun local authority area for the corresponding sale date. All of the four 1 ALFRED CLOSE 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 24 JUN	£450,000	£560,615	20% below HPI
2005 3 MAR	£250,000	£298,123	16% below HPI
2001 26 OCT	£176,000	£206,550	15% below HPI
1998 18 DEC	£115,000	£137,580	16% below HPI

1 ALFRED CLOSE 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 four 1 ALFRED CLOSE sales between December 1998 and June 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 March 2005 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the June 2022 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 1 ALFRED CLOSE be worth now?

1 ALFRED CLOSE might now be worth an estimated £446,882.

This is based on house price deflation of 0.7%, between June 2022 and June 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 0.7% deflationary decrease is applied to the most recent sale price for 1 ALFRED CLOSE of £450,000 on 24th June 2022. For the value to have decreased from £450,000 to £446,882 over the three years to June 2025, the following assumptions must hold true:

• The value of 1 ALFRED CLOSE has moved in line with the HPI for detached houses in the Arun local authority area.
• The June 2022 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of 1 ALFRED CLOSE has not materially changed since June 2022.

How Large is 1 ALFRED CLOSE?

1 ALFRED CLOSE is 85m², which includes one extension, according to the EPC inspection conducted in February 2022. This puts it in the smallest 30% 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 1 ALFRED CLOSE lies on this distribution: 23% of detached houses houses are smaller than 1 ALFRED CLOSE, and 77% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

1 ALFRED CLOSE: Plot and Title Map

1 ALFRED CLOSE sits on a plot of roughly 0.076 of an acre, or 307m². The below map shows the location of 1 ALFRED CLOSE, 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 1 ALFRED CLOSE). 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 1 ALFRED CLOSE?

1 ALFRED CLOSE is located in BOGNOR REGIS, in the PO22 postcode district. The below map shows the position of No. 1 on ALFRED CLOSE.