8, DOWNLANDS CLOSE, BOGNOR REGIS, PO21 3QA - £490,000

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.

8 DOWNLANDS CLOSE is a small detached house of 103m², built sometime between 1976 and 1982, which could now be worth an estimated £458,006. It was last sold for £490,000 in November 2022, which was around 18% below the average November 2022 detached price in the Arun local authority area. The most recent EPC inspection was July 2022, where the current energy rating was D, and the potential energy rating was B.

8 DOWNLANDS CLOSE Sold Prices

Land registry data shows one sale for 8 DOWNLANDS 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
2022 24 NOV	£490,000	£596,429	18% below HPI

What might 8 DOWNLANDS CLOSE be worth now?

8 DOWNLANDS CLOSE might now be worth an estimated £458,006.

This is based on house price deflation of 6.5%, between November 2022 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 6.5% deflationary decrease is applied to the most recent sale price for 8 DOWNLANDS CLOSE of £490,000 on 24th November 2022. For the value to have decreased from £490,000 to £458,006 over the four years and six months to May 2026, the following assumptions must hold true:

• The value of 8 DOWNLANDS CLOSE has moved in line with the HPI for detached houses in the Arun local authority area.
• The November 2022 sale price of £490,000 represented a fair market value for the property.
• The size, condition, and specification of 8 DOWNLANDS CLOSE has not materially changed since November 2022.

How Large is 8 DOWNLANDS CLOSE?

8 DOWNLANDS CLOSE is 103m² according to the EPC inspection conducted in July 2022. This puts it in the smallest 40% 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 8 DOWNLANDS CLOSE lies on this distribution: 40% of detached houses are smaller than 8 DOWNLANDS CLOSE, and 59% of detached houses are larger. Note that EPC data is not available for all properties in Bognor Regis.

8 DOWNLANDS CLOSE: Plot

8 DOWNLANDS CLOSE sits on a plot of roughly 0.119 of an acre, or 480m².

Where is 8 DOWNLANDS CLOSE?

8 DOWNLANDS CLOSE is located in BOGNOR REGIS, in the PO21 postcode district.