48, WAKEFIELD WAY, BOGNOR REGIS, PO21 3RS - £204,000

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.

48 WAKEFIELD WAY is a very small semi-detached house of 57m², built sometime between 1950 and 1966, which could now be worth an estimated £243,908. It was last sold for £204,000 in October 2018, which was around 33% below the average October 2018 semi-detached price in the Arun local authority area. The most recent EPC inspection was July 2018, where the current energy rating was E, and the potential energy rating was B.

48 WAKEFIELD WAY Sold Prices

Land registry data shows two sales for 48 WAKEFIELD WAY 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 48 WAKEFIELD WAY 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
2018 24 OCT	£204,000	£302,757	33% below HPI
1997 18 SEP	£67,000	£72,991	8% below HPI

48 WAKEFIELD WAY 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 48 WAKEFIELD WAY sales from September 1997 and October 2018 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 1997 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the October 2018 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 48 WAKEFIELD WAY be worth now?

48 WAKEFIELD WAY might now be worth an estimated £243,908.

This is based on house price inflation of 19.6%, between October 2018 and February 2025, 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 19.6% inflationary increase is applied to the most recent sale price for 48 WAKEFIELD WAY of £204,000 on 24th October 2018. For the value to have increased from £204,000 to £243,908 over the seven years and eight months to February 2025, the following assumptions must hold true:

• The value of 48 WAKEFIELD WAY has moved in line with the HPI for semi-detached houses in the Arun local authority area.
• The October 2018 sale price of £204,000 represented a fair market value for the property.
• The size, condition, and specification of 48 WAKEFIELD WAY has not materially changed since October 2018.

How Large is 48 WAKEFIELD WAY?

48 WAKEFIELD WAY is 57m² according to the EPC inspection conducted in July 2018. 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 48 WAKEFIELD WAY lies on this distribution: 2% of semi-detached houses houses are smaller than 48 WAKEFIELD WAY, and 98% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

48 WAKEFIELD WAY: Plot and Title Map

48 WAKEFIELD WAY sits on a plot of roughly 0.073 of an acre, or 296m². The below map shows the location of 48 WAKEFIELD WAY, 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 48 WAKEFIELD WAY). 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 48 WAKEFIELD WAY?

48 WAKEFIELD WAY is located in BOGNOR REGIS, in the PO21 postcode district. The below map shows the position of No. 48 on WAKEFIELD WAY.