4, GREYFRIARS CLOSE, BOGNOR REGIS, PO21 5RH - £240,000

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 GREYFRIARS CLOSE is a very small detached house of 75m², built sometime between 1967 and 1975, which could now be worth an estimated £396,070. It was last sold for £240,000 in September 2010, which was around 29% below the average September 2010 detached price in the Arun local authority area. The most recent EPC inspection was March 2010, where the current energy rating was E, and the potential energy rating was D.

4 GREYFRIARS CLOSE Sold Prices

Land registry data shows two sales for 4 GREYFRIARS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Arun local authority area for the corresponding sale date. Both of the two 4 GREYFRIARS CLOSE 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
2010 1 SEP	£240,000	£337,353	29% below HPI
2000 4 DEC	£148,000	£182,570	19% below HPI

4 GREYFRIARS CLOSE 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 two 4 GREYFRIARS CLOSE sales from December 2000 and September 2010 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 2000 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the September 2010 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 4 GREYFRIARS CLOSE be worth now?

4 GREYFRIARS CLOSE might now be worth an estimated £396,070.

This is based on house price inflation of 65%, between September 2010 and June 2025, 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 65% inflationary increase is applied to the most recent sale price for 4 GREYFRIARS CLOSE of £240,000 on 1st September 2010. For the value to have increased from £240,000 to £396,070 over the fifteen years and three months to June 2025, the following assumptions must hold true:

• The value of 4 GREYFRIARS CLOSE has moved in line with the HPI for detached houses in the Arun local authority area.
• The September 2010 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 4 GREYFRIARS CLOSE has not materially changed since September 2010.

How Large is 4 GREYFRIARS CLOSE?

4 GREYFRIARS CLOSE is 75m² according to the EPC inspection conducted in March 2010. This puts it in the smallest 20% 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 4 GREYFRIARS CLOSE lies on this distribution: 13% of detached houses houses are smaller than 4 GREYFRIARS CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

4 GREYFRIARS CLOSE: Plot and Title Map

4 GREYFRIARS CLOSE sits on a plot of roughly 0.170 of an acre, or 688m². The below map shows the location of 4 GREYFRIARS 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 GREYFRIARS 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 GREYFRIARS CLOSE?

4 GREYFRIARS CLOSE is located in BOGNOR REGIS, in the PO21 postcode district. The below map shows the position of No. 4 on GREYFRIARS CLOSE.