5, WELL ROAD, BOGNOR REGIS, PO21 4SR - £265,000

5 WELL ROAD is a very small detached house of 70m², built sometime from 2007 onwards. It was last sold for £265,000 in January 2019, which was around 41% below the average January 2019 detached price in the Arun local authority area. The most recent EPC inspection was March 2015, where the current energy rating was C, and the potential energy rating was B.

5 WELL ROAD Sold Prices

Land registry data shows six sales for 5 WELL ROAD since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Arun local authority area for the corresponding sale date. All of the six 5 WELL ROAD 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
2019 18 JAN	£265,000	£451,764	41% below HPI
2016 4 NOV	£278,000	£425,390	35% below HPI
2016 26 FEB	£255,000	£406,581	37% below HPI
2009 13 OCT	£212,000	£300,480	29% below HPI
2007 2 FEB	£239,950	£315,334	24% below HPI
2003 16 JAN	£82,500	£252,416	67% below HPI

5 WELL ROAD 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 six 5 WELL ROAD sales between January 2003 and January 2019 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 2016 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the January 2019 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is 5 WELL ROAD?

5 WELL ROAD is 70m² according to the EPC inspection conducted in March 2015. This puts it in the smallest 20% of detached houses in Pagham, based on EPC data. The below chart shows the distribution of detached houses by size in Pagham, and where 5 WELL ROAD lies on this distribution: 12% of detached houses are smaller than 5 WELL ROAD, and 88% of houses are larger. Note that EPC data is not available for all properties in Pagham.

5 WELL ROAD: Plot and Title Map

5 WELL ROAD sits on a plot of roughly 0.056 of an acre, or 226m². The below map shows the location of 5 WELL ROAD, 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 WELL ROAD). 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 WELL ROAD?

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