5, CHERRY CLOSE, BOGNOR REGIS, PO21 3BA - £340,000

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 CHERRY CLOSE is a small extended detached house of 92m², built sometime between 1950 and 1966, which could now be worth an estimated £468,065. It was last sold for £340,000 in July 2015, which was around 16% below the average July 2015 detached price in the Arun local authority area. The most recent EPC inspection was January 2016, where the current energy rating was E, and the potential energy rating was C.

5 CHERRY CLOSE Sold Prices

Land registry data shows one sale for 5 CHERRY CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Arun local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2015 10 JUL	£340,000	£402,859	16% below HPI

What might 5 CHERRY CLOSE be worth now?

5 CHERRY CLOSE might now be worth an estimated £468,065.

This is based on house price inflation of 37.7%, between July 2015 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 37.7% inflationary increase is applied to the most recent sale price for 5 CHERRY CLOSE of £340,000 on 10th July 2015. For the value to have increased from £340,000 to £468,065 over the eleven years and three months to April 2026, the following assumptions must hold true:

• The value of 5 CHERRY CLOSE has moved in line with the HPI for detached houses in the Arun local authority area.
• The July 2015 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 5 CHERRY CLOSE has not materially changed since July 2015.

How Large is 5 CHERRY CLOSE?

5 CHERRY CLOSE is 92m², which includes one extension, according to the EPC inspection conducted in January 2016. This puts it in the smallest 30% 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 5 CHERRY CLOSE lies on this distribution: 30% of detached houses are smaller than 5 CHERRY CLOSE, and 69% of detached houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

5 CHERRY CLOSE: Plot

5 CHERRY CLOSE sits on a plot of roughly 0.221 of an acre, or 895m².

Where is 5 CHERRY CLOSE?

5 CHERRY CLOSE is located in BOGNOR REGIS, in the PO21 postcode district.