CHERRY TREES, THE RIDGWAY, BOGNOR REGIS, PO22 7JQ - £533,000

CHERRY TREES is a midsized extended detached house of 121m², built sometime between 1950 and 1966. It was last sold for £533,000 in July 2016, which was around 29% above the average July 2016 detached price in the Arun local authority area. The most recent EPC inspection was April 2016, where the current energy rating was F, and the potential energy rating was C.

CHERRY TREES Sold Prices

Land registry data shows three sales for CHERRY TREES 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. All of the three CHERRY TREES sales were 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
2016 21 JUL	£533,000	£414,110	29% above HPI
1999 26 MAR	£167,000	£130,608	28% above HPI
1998 18 JUN	£150,000	£124,107	21% above HPI

CHERRY TREES 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 CHERRY TREES sales between June 1998 and July 2016 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 March 1999 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the July 2016 sale, where it rises to 29% above the HPI. The line then continues to track at 29% above the HPI.

How Large is CHERRY TREES?

CHERRY TREES is 121m², which includes one extension, according to the EPC inspection conducted in April 2016. This puts it in the largest 50% of detached houses in Bognor Regis, based on EPC data. The below chart shows the distribution of detached houses by size in Bognor Regis, and where CHERRY TREES lies on this distribution: 58% of detached houses are smaller than CHERRY TREES, and 41% of houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

CHERRY TREES: Plot and Title Map

CHERRY TREES sits on a plot of roughly 0.096 of an acre, or 390m². The below map shows the location of CHERRY TREES, 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 CHERRY TREES). 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 CHERRY TREES?

CHERRY TREES is located on THE RIDGWAY in BOGNOR REGIS, in the PO22 postcode district. The below map shows the position of CHERRY TREES on THE RIDGWAY.