31, DRIFT ROAD, BOGNOR REGIS, PO21 3NS - £275,000

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.

31 DRIFT ROAD is a very small semi-detached house of 72m², built sometime between 1950 and 1966, which could now be worth an estimated £342,518. It was last sold for £275,000 in August 2017, which was around 3% below the average August 2017 semi-detached price in the Arun local authority area. The most recent EPC inspection was May 2017, where the current energy rating was C, and the potential energy rating was B.

31 DRIFT ROAD Sold Prices

Land registry data shows two sales for 31 DRIFT ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Arun local authority area for the corresponding sale date. Both of the two 31 DRIFT ROAD 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
2017 11 AUG	£275,000	£284,634	3% below HPI
2009 21 SEP	£165,000	£192,458	14% below HPI

31 DRIFT ROAD 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 two 31 DRIFT ROAD sales from September 2009 and August 2017 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 2009 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the August 2017 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 31 DRIFT ROAD be worth now?

31 DRIFT ROAD might now be worth an estimated £342,518.

This is based on house price inflation of 24.6%, between August 2017 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 24.6% inflationary increase is applied to the most recent sale price for 31 DRIFT ROAD of £275,000 on 11th August 2017. For the value to have increased from £275,000 to £342,518 over the nine years and three months to May 2026, the following assumptions must hold true:

• The value of 31 DRIFT ROAD has moved in line with the HPI for semi-detached houses in the Arun local authority area.
• The August 2017 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 31 DRIFT ROAD has not materially changed since August 2017.

How Large is 31 DRIFT ROAD?

31 DRIFT ROAD is 72m² according to the EPC inspection conducted in May 2017. This puts it in the smallest 10% 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 31 DRIFT ROAD lies on this distribution: 9% of semi-detached houses houses are smaller than 31 DRIFT ROAD, and 90% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

31 DRIFT ROAD: Plot and Title Map

31 DRIFT ROAD sits on a plot of roughly 0.105 of an acre, or 425m². The below map shows the location of 31 DRIFT ROAD, 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 31 DRIFT ROAD). 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 31 DRIFT ROAD?

31 DRIFT ROAD is located in BOGNOR REGIS, in the PO21 postcode district. The below map shows the position of No. 31 on DRIFT ROAD.