5, VIOLET CLOSE, BOGNOR REGIS, PO21 5FS - £348,000

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.

5 VIOLET CLOSE is a small detached house of 97m², built in 2015, which could now be worth an estimated £431,252. It was last sold for £348,000 in March 2017, which was around 22% below the average March 2017 detached price in the Arun local authority area. The most recent EPC inspection was February 2017, where the current energy rating was B, and the potential energy rating was A.

5 VIOLET CLOSE Sold Prices

Land registry data shows two sales for 5 VIOLET 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 5 VIOLET 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
2017 10 MAR	£348,000	£447,537	22% below HPI
2014 3 NOV	£250,000	£389,837	36% below HPI

5 VIOLET 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 5 VIOLET CLOSE sales from November 2014 and March 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 November 2014 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the March 2017 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 5 VIOLET CLOSE be worth now?

5 VIOLET CLOSE might now be worth an estimated £431,252.

This is based on house price inflation of 23.9%, between March 2017 and April 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 23.9% inflationary increase is applied to the most recent sale price for 5 VIOLET CLOSE of £348,000 on 10th March 2017. For the value to have increased from £348,000 to £431,252 over the eight years and eleven months to April 2026, the following assumptions must hold true:

• The value of 5 VIOLET CLOSE has moved in line with the HPI for detached houses in the Arun local authority area.
• The March 2017 sale price of £348,000 represented a fair market value for the property.
• The size, condition, and specification of 5 VIOLET CLOSE has not materially changed since March 2017.

How Large is 5 VIOLET CLOSE?

5 VIOLET CLOSE is 97m² according to the EPC inspection conducted in February 2017. This puts it in the smallest 40% 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 5 VIOLET CLOSE lies on this distribution: 35% of detached houses houses are smaller than 5 VIOLET CLOSE, and 64% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

5 VIOLET CLOSE: Plot and Title Map

5 VIOLET CLOSE sits on a plot of roughly 0.058 of an acre, or 236m². The below map shows the location of 5 VIOLET 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 5 VIOLET 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 5 VIOLET CLOSE?

5 VIOLET CLOSE is located in BOGNOR REGIS, in the PO21 postcode district. The below map shows the position of No. 5 on VIOLET CLOSE.