14, PARK DRIVE, BOGNOR REGIS, PO22 7RD - £412,500

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.

14 PARK DRIVE is a large extended detached house of 138m², built sometime between 1950 and 1966, which could now be worth an estimated £487,371. It was last sold for £412,500 in March 2020, which was around 13% below the average March 2020 detached price in the Arun local authority area. The most recent EPC inspection was February 2019, where the current energy rating was D, and the potential energy rating was C.

14 PARK DRIVE Sold Prices

Land registry data shows four sales for 14 PARK DRIVE 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. two of the four 14 PARK DRIVE sales were for below the average price, and four 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
2020 27 MAR	£412,500	£471,844	13% below HPI
2012 4 SEP	£365,000	£349,126	5% above HPI
2010 13 JAN	£303,000	£324,953	7% below HPI
2006 9 JUN	£325,000	£303,409	7% above HPI

14 PARK DRIVE 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 14 PARK DRIVE sales between June 2006 and March 2020 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 September 2012 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the March 2020 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 14 PARK DRIVE be worth now?

14 PARK DRIVE might now be worth an estimated £487,371.

This is based on house price inflation of 18.2%, between March 2020 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 18.2% inflationary increase is applied to the most recent sale price for 14 PARK DRIVE of £412,500 on 27th March 2020. For the value to have increased from £412,500 to £487,371 over the five years and ten months to May 2026, the following assumptions must hold true:

• The value of 14 PARK DRIVE has moved in line with the HPI for detached houses in the Arun local authority area.
• The March 2020 sale price of £412,500 represented a fair market value for the property.
• The size, condition, and specification of 14 PARK DRIVE has not materially changed since March 2020.

How Large is 14 PARK DRIVE?

14 PARK DRIVE is 138m², which includes one extension, according to the EPC inspection conducted in February 2019. This puts it in the largest 40% 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 14 PARK DRIVE lies on this distribution: 69% of detached houses houses are smaller than 14 PARK DRIVE, and 31% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

14 PARK DRIVE: Plot and Title Map

14 PARK DRIVE sits on a plot of roughly 0.148 of an acre, or 598m². The below map shows the location of 14 PARK DRIVE, 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 14 PARK DRIVE). 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 14 PARK DRIVE?

14 PARK DRIVE is located in BOGNOR REGIS, in the PO22 postcode district. The below map shows the position of No. 14 on PARK DRIVE.