1, THE CLOSE, ELMER, BOGNOR REGIS, PO22 6LN - £355,000

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 THE CLOSE is a small semi-detached house of 88m², built sometime between 1930 and 1949, which could now be worth an estimated £382,985. It was last sold for £355,000 in September 2021, which was around 9% above the average September 2021 semi-detached price in the Arun local authority area. The most recent EPC inspection was June 2021, where the current energy rating was C, and the potential energy rating was B.

1 THE CLOSE Sold Prices

Land registry data shows three sales for 1 THE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Arun local authority area for the corresponding sale date. All of the three 1 THE CLOSE sales were for above 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
2021 7 SEP	£355,000	£326,436	9% above HPI
2013 28 MAY	£249,995	£212,327	18% above HPI
1999 1 NOV	£114,000	£91,114	25% above HPI

1 THE CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Arun local authority area over time, sourced from the HPI. The three 1 THE CLOSE sales between November 1999 and September 2021 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 May 2013 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the September 2021 sale, where it falls to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might 1 THE CLOSE be worth now?

1 THE CLOSE might now be worth an estimated £382,985.

This is based on house price inflation of 7.9%, between September 2021 and June 2025, for semi-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 7.9% inflationary increase is applied to the most recent sale price for 1 THE CLOSE of £355,000 on 7th September 2021. For the value to have increased from £355,000 to £382,985 over the four years and three months to June 2025, the following assumptions must hold true:

• The value of 1 THE CLOSE has moved in line with the HPI for semi-detached houses in the Arun local authority area.
• The September 2021 sale price of £355,000 represented a fair market value for the property.
• The size, condition, and specification of 1 THE CLOSE has not materially changed since September 2021.

How Large is 1 THE CLOSE?

1 THE CLOSE is 88m² according to the EPC inspection conducted in June 2021. This puts it in the smallest 30% of semi-detached houses houses in Bognor Regis, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Bognor Regis, and where 1 THE CLOSE lies on this distribution: 26% of semi-detached houses houses are smaller than 1 THE CLOSE, and 74% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

1 THE CLOSE: Plot and Title Map

1 THE CLOSE sits on a plot of roughly 0.094 of an acre, or 380m². The below map shows the location of 1 THE 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 THE 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 THE CLOSE?

1 THE CLOSE is located in ELMER, in the PO22 postcode district. The below map shows the position of No. 1 on THE CLOSE.