2, PARKWAY, BOGNOR REGIS, PO21 2XP - £560,000

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.

2 PARKWAY is a large extended semi-detached house of 136m², built sometime between 1900 and 1929, which could now be worth an estimated £611,099. It was last sold for £560,000 in June 2021, which was around 72% above the average June 2021 semi-detached price in the Arun local authority area. The most recent EPC inspection was February 2013, where the current energy rating was D, and the potential energy rating was C.

2 PARKWAY Sold Prices

Land registry data shows three sales for 2 PARKWAY 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 2 PARKWAY 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 9 JUN	£560,000	£324,873	72% above HPI
2013 3 JUL	£400,000	£217,605	84% above HPI
2009 21 DEC	£300,000	£202,783	48% above HPI

2 PARKWAY 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 2 PARKWAY sales between December 2009 and June 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 July 2013 sale was for 84% above the HPI. So the extrapolation line tracks at 84% above the HPI over time, until the June 2021 sale, where it falls to 72% above the HPI. The line then continues to track at 72% above the HPI.

What might 2 PARKWAY be worth now?

2 PARKWAY might now be worth an estimated £611,099.

This is based on house price inflation of 9.1%, between June 2021 and May 2026, 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 9.1% inflationary increase is applied to the most recent sale price for 2 PARKWAY of £560,000 on 9th June 2021. For the value to have increased from £560,000 to £611,099 over the five years and one month to May 2026, the following assumptions must hold true:

• The value of 2 PARKWAY has moved in line with the HPI for semi-detached houses in the Arun local authority area.
• The June 2021 sale price of £560,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PARKWAY has not materially changed since June 2021.

How Large is 2 PARKWAY?

2 PARKWAY is 136m², which includes two extensions, according to the EPC inspection conducted in February 2013. This puts it in the largest 40% 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 2 PARKWAY lies on this distribution: 67% of semi-detached houses houses are smaller than 2 PARKWAY, and 32% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

2 PARKWAY: Plot and Title Map

2 PARKWAY sits on a plot of roughly 0.166 of an acre, or 672m². The below map shows the location of 2 PARKWAY, 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 2 PARKWAY). 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 2 PARKWAY?

2 PARKWAY is located in BOGNOR REGIS, in the PO21 postcode district. The below map shows the position of No. 2 on PARKWAY.