1, PENN CLOSE, BOGNOR REGIS, PO22 7SG - £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 PENN CLOSE is a small detached house of 93m², built sometime between 1967 and 1975, which could now be worth an estimated £453,610. It was last sold for £450,000 in August 2024, which was around 19% below the average August 2024 detached price in the Arun local authority area. The most recent EPC inspection was March 2024, where the current energy rating was D, and the potential energy rating was B.

1 PENN CLOSE Sold Prices

Land registry data shows two sales for 1 PENN CLOSE 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 1 PENN 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
2024 5 AUG	£450,000	£553,049	19% below HPI
2003 20 OCT	£201,500	£275,056	27% below HPI

1 PENN 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 two 1 PENN CLOSE sales from October 2003 and August 2024 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 2003 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the August 2024 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 1 PENN CLOSE be worth now?

1 PENN CLOSE might now be worth an estimated £453,610.

This is based on house price inflation of 0.8%, between August 2024 and May 2026, 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 0.8% inflationary increase is applied to the most recent sale price for 1 PENN CLOSE of £450,000 on 5th August 2024. For the value to have increased from £450,000 to £453,610 over the two years and three months to May 2026, the following assumptions must hold true:

• The value of 1 PENN CLOSE has moved in line with the HPI for detached houses in the Arun local authority area.
• The August 2024 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of 1 PENN CLOSE has not materially changed since August 2024.

How Large is 1 PENN CLOSE?

1 PENN CLOSE is 93m² according to the EPC inspection conducted in March 2024. 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 PENN CLOSE lies on this distribution: 30% of detached houses houses are smaller than 1 PENN CLOSE, and 69% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

1 PENN CLOSE: Plot and Title Map

1 PENN CLOSE sits on a plot of roughly 0.145 of an acre, or 585m². The below map shows the location of 1 PENN 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 PENN 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 PENN CLOSE?

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