7, MARGARET CLOSE, BOGNOR REGIS, PO21 3AA - £590,000

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.

7 MARGARET CLOSE is a midsized detached house of 120m², built sometime between 1967 and 1975, which could now be worth an estimated £581,412. It was last sold for £590,000 in October 2023, which was around 4% above the average October 2023 detached price in the Arun local authority area. The most recent EPC inspection was June 2023, where the current energy rating was D, and the potential energy rating was B.

7 MARGARET CLOSE Sold Prices

Land registry data shows three sales for 7 MARGARET CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Arun local authority area for the corresponding sale date. One of the three 7 MARGARET CLOSE sales was for above the average price, whilst two 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
2023 17 OCT	£590,000	£565,721	4% above HPI
2021 24 FEB	£450,000	£499,406	10% below HPI
2010 22 DEC	£320,000	£329,664	3% below HPI

7 MARGARET 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 three 7 MARGARET CLOSE sales between December 2010 and October 2023 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 2021 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the October 2023 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might 7 MARGARET CLOSE be worth now?

7 MARGARET CLOSE might now be worth an estimated £581,412.

This is based on house price deflation of 1.5%, between October 2023 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 1.5% deflationary decrease is applied to the most recent sale price for 7 MARGARET CLOSE of £590,000 on 17th October 2023. For the value to have decreased from £590,000 to £581,412 over the three years and five months to May 2026, the following assumptions must hold true:

• The value of 7 MARGARET CLOSE has moved in line with the HPI for detached houses in the Arun local authority area.
• The October 2023 sale price of £590,000 represented a fair market value for the property.
• The size, condition, and specification of 7 MARGARET CLOSE has not materially changed since October 2023.

How Large is 7 MARGARET CLOSE?

7 MARGARET CLOSE is 120m² according to the EPC inspection conducted in June 2023. This puts it in the largest 50% 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 7 MARGARET CLOSE lies on this distribution: 55% of detached houses houses are smaller than 7 MARGARET CLOSE, and 44% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

7 MARGARET CLOSE: Plot and Title Map

7 MARGARET CLOSE sits on a plot of roughly 0.149 of an acre, or 602m². The below map shows the location of 7 MARGARET 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 7 MARGARET 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 7 MARGARET CLOSE?

7 MARGARET CLOSE is located in BOGNOR REGIS, in the PO21 postcode district. The below map shows the position of No. 7 on MARGARET CLOSE.