16, WAKEFIELD WAY, BOGNOR REGIS, PO21 3RS - £225,000

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.

16 WAKEFIELD WAY is a very small terraced house of 75m², built sometime between 1967 and 1975, which could now be worth an estimated £290,450. It was last sold for £225,000 in June 2016, which was around 6% above the average June 2016 terraced price in the Arun local authority area. The most recent EPC inspection was May 2016, where the current energy rating was D, and the potential energy rating was B.

16 WAKEFIELD WAY Sold Prices

Land registry data shows five sales for 16 WAKEFIELD WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Arun local authority area for the corresponding sale date. All of the five 16 WAKEFIELD WAY 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
2016 9 JUN	£225,000	£211,745	6% above HPI
2006 18 DEC	£189,950	£168,565	13% above HPI
2005 28 JAN	£162,000	£149,249	9% above HPI
2002 12 SEP	£122,500	£108,295	13% above HPI
1997 17 JAN	£61,950	£49,346	26% above HPI

16 WAKEFIELD WAY Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Arun local authority area over time, sourced from the HPI. The five 16 WAKEFIELD WAY sales between January 1997 and June 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 December 2006 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the June 2016 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 16 WAKEFIELD WAY be worth now?

16 WAKEFIELD WAY might now be worth an estimated £290,450.

This is based on house price inflation of 29.1%, between June 2016 and June 2025, for terraced 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 29.1% inflationary increase is applied to the most recent sale price for 16 WAKEFIELD WAY of £225,000 on 9th June 2016. For the value to have increased from £225,000 to £290,450 over the nine years to June 2025, the following assumptions must hold true:

• The value of 16 WAKEFIELD WAY has moved in line with the HPI for terraced houses in the Arun local authority area.
• The June 2016 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 16 WAKEFIELD WAY has not materially changed since June 2016.

How Large is 16 WAKEFIELD WAY?

16 WAKEFIELD WAY is 75m² according to the EPC inspection conducted in May 2016. This puts it in the smallest 20% of terraced houses houses in Bognor Regis, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Bognor Regis, and where 16 WAKEFIELD WAY lies on this distribution: 12% of terraced houses houses are smaller than 16 WAKEFIELD WAY, and 87% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

16 WAKEFIELD WAY: Plot and Title Map

16 WAKEFIELD WAY sits on a plot of roughly 0.031 of an acre, or 127m². The below map shows the location of 16 WAKEFIELD WAY, 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 16 WAKEFIELD WAY). 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 16 WAKEFIELD WAY?

16 WAKEFIELD WAY is located in BOGNOR REGIS, in the PO21 postcode district. The below map shows the position of No. 16 on WAKEFIELD WAY.