4, ALFRED CLOSE, BOGNOR REGIS, PO22 7UF - £175,000

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.

4 ALFRED CLOSE is a very small terraced house of 71m², built sometime between 1983 and 1990, which could now be worth an estimated £331,419. It was last sold for £175,000 in May 2009, which was around 20% above the average May 2009 terraced price in the Arun local authority area. The most recent EPC inspection was November 2008, where the current energy rating was C, and the potential energy rating was C.

4 ALFRED CLOSE Sold Prices

Land registry data shows three sales for 4 ALFRED CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Arun local authority area for the corresponding sale date. All of the three 4 ALFRED 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
2009 15 MAY	£175,000	£146,055	20% above HPI
2002 18 APR	£124,000	£94,751	31% above HPI
1999 10 FEB	£69,000	£61,148	13% above HPI

4 ALFRED CLOSE 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 three 4 ALFRED CLOSE sales between February 1999 and May 2009 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 April 2002 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the May 2009 sale, where it falls to 20% above the HPI. The line then continues to track at 20% above the HPI.

What might 4 ALFRED CLOSE be worth now?

4 ALFRED CLOSE might now be worth an estimated £331,419.

This is based on house price inflation of 89.4%, between May 2009 and May 2026, 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 89.4% inflationary increase is applied to the most recent sale price for 4 ALFRED CLOSE of £175,000 on 15th May 2009. For the value to have increased from £175,000 to £331,419 over the seventeen years to May 2026, the following assumptions must hold true:

• The value of 4 ALFRED CLOSE has moved in line with the HPI for terraced houses in the Arun local authority area.
• The May 2009 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 4 ALFRED CLOSE has not materially changed since May 2009.

How Large is 4 ALFRED CLOSE?

4 ALFRED CLOSE is 71m² according to the EPC inspection conducted in November 2008. This puts it in the smallest 10% 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 4 ALFRED CLOSE lies on this distribution: 9% of terraced houses houses are smaller than 4 ALFRED CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

4 ALFRED CLOSE: Plot and Title Map

4 ALFRED CLOSE sits on a plot of roughly 0.033 of an acre, or 133m². The below map shows the location of 4 ALFRED 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 4 ALFRED 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 4 ALFRED CLOSE?

4 ALFRED CLOSE is located in BOGNOR REGIS, in the PO22 postcode district. The below map shows the position of No. 4 on ALFRED CLOSE.