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House Prices in PO22 House Prices in PO22 (Bognor Regis)

The average house price in PO22 (Bognor Regis) is £326,592 using HM Land Registry data.

The average property price increased by £91,373 (29.12%) over the last 5 years and increased by £18,308 (4.3%) over the last 12 months.

Over the last year, there were 330 residential property sales – a decrease of 130 transactions (-39.39%) relative to the previous year. The majority of house sales (119) were in the £240,000 - £330,000 range. Then came properties in the £330,000 - £420,000 range, where 70 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 100 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-15,574 (-3%).

In Oct 24, there were new estate agency instructions, agreed home sales and property price reductions.

Nearby Postcodes: BN13, BN16, BN17, BN18, GU28, PO18, PO19, PO20, PO21, RH20

5-Year Average Property Prices in PO22 (Bognor Regis)

29.12%

Property prices in Bognor Regis increased by 29.12% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in PO22 (Bognor Regis) Over the Last Year

4.3%

Property prices in Bognor Regis increased by 4.3% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for PO22 (Bognor Regis) - Oct 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in PO22 (Bognor Regis)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in PO22 (Bognor Regis)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in PO22 (Bognor Regis)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the PO22 (Bognor Regis) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the PO22 postcode area since 1995.

Recent Sales in PO22 (Bognor Regis)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
92 Ancton Way, Bognor Regis, West Sussex, PO22 6JR£650,000£630,000-£20,00015 Feb 202416 Aug 2024183 Days
105 Ravens Way, Bognor Regis, West Sussex, PO22 9EF£300,000£295,000-£5,00018 Apr 202416 Aug 2024120 Days
5 Sunnymead Close, Bognor Regis, West Sussex, PO22 6LS£375,000£343,000-£32,00011 Mar 202415 Aug 2024157 Days
17 Bala Crescent, Bognor Regis, West Sussex, PO22 8LY£425,000£400,000-£25,00008 Apr 202414 Aug 2024128 Days
49 Stoneage Close, Bognor Regis, West Sussex, PO22 9QW£250,000£245,000-£5,00003 Apr 202409 Aug 2024128 Days
30 Normans Drive, Bognor Regis, West Sussex, PO22 8LW£350,000£335,000-£15,00013 Apr 202409 Aug 2024118 Days
1 Penn Close, Bognor Regis, West Sussex, PO22 7SG£450,000£450,000£0009 Apr 202405 Aug 2024118 Days
4 Marshall Close, Barnham, Bognor Regis, West Sussex, PO22 0DQ£415,000£415,000£0027 Oct 202331 Jul 2024278 Days
3 Poulner Close, Bognor Regis, West Sussex, PO22 8HN£365,000£365,000£0019 Feb 202431 Jul 2024163 Days
33 Downview Road, Felpham, Bognor Regis, West Sussex, PO22 8HQ£630,000£597,500-£32,50016 Apr 202424 Jul 202499 Days
29 Highcroft Avenue, Bognor Regis, West Sussex, PO22 8DQ£345,000£325,000-£20,00011 Jan 202422 Jul 2024193 Days
15 Ditchfield Close, Bognor Regis, West Sussex, PO22 6QP£285,000£274,000-£11,00016 Jan 202422 Jul 2024188 Days
60 Orchard Way, Bognor Regis, West Sussex, PO22 9HP£275,000£267,000-£8,00024 Jan 202419 Jul 2024177 Days
3 Greenfields, Bognor Regis, West Sussex, PO22 7SS£310,000£285,000-£25,00002 Jul 202415 Jul 202413 Days
10 Nightingale Court, Bognor Regis, West Sussex, PO22 7SU£165,000£155,000-£10,00006 Nov 202311 Jul 2024248 Days
69 Orchard Way, Barnham, Bognor Regis, West Sussex, PO22 0HX£275,000£270,000-£5,00018 Dec 202304 Jul 2024199 Days
Flat 20, Dove Court, Sherwood Road, Bognor Regis, West Sussex, PO22 9TP£130,000£130,000£0013 Mar 202403 Jul 2024112 Days
7 Wren Crescent, Bognor Regis, West Sussex, PO22 9BZ£318,000£305,000-£13,00011 Mar 202403 Jul 2024114 Days
57 Ravens Way, Bognor Regis, West Sussex, PO22 9ER£250,000£245,000-£5,00017 Nov 202328 Jun 2024224 Days
84 Ravens Way, Bognor Regis, West Sussex, PO22 9ER£375,000£370,000-£5,00022 Dec 202328 Jun 2024189 Days

Most Expensive Streets in PO22 (Bognor Regis)

PostcodeStreetAreaAverageNo. of Sales
PO22 7SASea Way, Middleton On SeaBognor Regis£1,651,8005
PO22 7TBSouthdean DriveBognor Regis£1,320,8333
PO22 7NESea DriveBognor Regis£1,034,2857
PO22 7JSDavenport RoadBognor Regis£923,7504
PO22 7LJSecond AvenueBognor Regis£903,3336
PO22 7RWSouth WalkBognor Regis£892,5003
PO22 7NDThe LoopBognor Regis£880,0003
PO22 7RYOld PointBognor Regis£868,0004
PO22 7ETLimmer LaneBognor Regis£815,0003
PO22 7NJBroomcroft RoadBognor Regis£807,1427

Least Expensive Streets in PO22 (Bognor Regis)

PostcodeStreetAreaAverageNo. of Sales
PO22 0DYWindmill Court, Barnham RoadBognor Regis£96,10519
PO22 7SEBuckingham Court, Shrubbs DriveBognor Regis£97,60219
PO22 7SFBuckingham Court, Shrubbs DriveBognor Regis£107,00714
PO22 6RPMeadow Court, Priestley WayBognor Regis£119,1878
PO22 9PXLeas Court, Church LaneBognor Regis£122,6124
PO22 9TPDove Court, Sherwood RoadBognor Regis£125,0005
PO22 6LPManor Court, ElmerBognor Regis£128,90010
PO22 7STKingfisher CourtBognor Regis£137,75817
PO22 6LFSussex Village, Manor WayBognor Regis£138,5105
PO22 9FDVentura, Durban RoadBognor Regis£140,19213

Explore PO22 (Bognor Regis) using map

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