5A, BALMORAL CLOSE, BOGNOR REGIS, PO21 4PP - £460,000

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.

5A BALMORAL CLOSE is a very large detached house of 168m², built in 2008, which could now be worth an estimated £545,891. It was last sold for £460,000 in June 2019, which was around 2% below the average June 2019 detached price in the Arun local authority area. The most recent EPC inspection was January 2010, where the current energy rating was C, and the potential energy rating was B.

5A BALMORAL CLOSE Sold Prices

Land registry data shows two sales for 5A BALMORAL 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. One of the two 5A BALMORAL CLOSE sales was for below the average price, whilst the other was 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
2019 10 JUN	£460,000	£469,771	2% below HPI
2019 28 FEB	£475,000	£467,231	2% above HPI

5A BALMORAL 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 5A BALMORAL CLOSE sales from February 2019 and June 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 February 2019 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the June 2019 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 5A BALMORAL CLOSE be worth now?

5A BALMORAL CLOSE might now be worth an estimated £545,891.

This is based on house price inflation of 18.7%, between June 2019 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 18.7% inflationary increase is applied to the most recent sale price for 5A BALMORAL CLOSE of £460,000 on 10th June 2019. For the value to have increased from £460,000 to £545,891 over the seven years and one month to May 2026, the following assumptions must hold true:

• The value of 5A BALMORAL CLOSE has moved in line with the HPI for detached houses in the Arun local authority area.
• The June 2019 sale price of £460,000 represented a fair market value for the property.
• The size, condition, and specification of 5A BALMORAL CLOSE has not materially changed since June 2019.

How Large is 5A BALMORAL CLOSE?

5A BALMORAL CLOSE is 168m² according to the EPC inspection conducted in January 2010. This puts it in the largest 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 5A BALMORAL CLOSE lies on this distribution: 84% of detached houses houses are smaller than 5A BALMORAL CLOSE, and 15% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

5A BALMORAL CLOSE: Plot and Title Map

5A BALMORAL CLOSE sits on a plot of roughly 0.128 of an acre, or 517m². The below map shows the location of 5A BALMORAL 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 5A BALMORAL 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 5A BALMORAL CLOSE?

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