4, THE SPINNEY, BOGNOR REGIS, PO21 3RL - £580,000

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 THE SPINNEY is a large detached house of 148m², built sometime between 1983 and 1990, which could now be worth an estimated £683,624. It was last sold for £580,000 in August 2020, which was around 23% above the average August 2020 detached price in the Arun local authority area. The most recent EPC inspection was April 2013, where the current energy rating was D, and the potential energy rating was B.

4 THE SPINNEY Sold Prices

Land registry data shows two sales for 4 THE SPINNEY 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 THE SPINNEY 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
2020 4 AUG	£580,000	£472,982	23% above HPI
2015 14 AUG	£499,950	£401,700	24% above HPI

4 THE SPINNEY 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 THE SPINNEY sales from August 2015 and August 2020 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 August 2015 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the August 2020 sale, where it falls to 23% above the HPI. The line then continues to track at 23% above the HPI.

What might 4 THE SPINNEY be worth now?

4 THE SPINNEY might now be worth an estimated £683,624.

This is based on house price inflation of 17.9%, between August 2020 and May 2026, 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 17.9% inflationary increase is applied to the most recent sale price for 4 THE SPINNEY of £580,000 on 4th August 2020. For the value to have increased from £580,000 to £683,624 over the six years and three months to May 2026, the following assumptions must hold true:

• The value of 4 THE SPINNEY has moved in line with the HPI for detached houses in the Arun local authority area.
• The August 2020 sale price of £580,000 represented a fair market value for the property.
• The size, condition, and specification of 4 THE SPINNEY has not materially changed since August 2020.

How Large is 4 THE SPINNEY?

4 THE SPINNEY is 148m² according to the EPC inspection conducted in April 2013. This puts it in the largest 30% 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 THE SPINNEY lies on this distribution: 75% of detached houses houses are smaller than 4 THE SPINNEY, and 24% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

4 THE SPINNEY: Plot and Title Map

4 THE SPINNEY sits on a plot of roughly 0.148 of an acre, or 600m². The below map shows the location of 4 THE SPINNEY, 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 THE SPINNEY). 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 THE SPINNEY?

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