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Palm Close Barrack Lane is a residential building situated on Barrack Lane, Bognor Regis, PO21 with 6 addresses.
It ranks as the 811th largest and 1034th most expensive of the 1,037 buildings in the PO21 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The building contains a total of 6 properties: 6 flats.
Palm Close Barrack Lane is a residential building situated on Barrack Lane, Bognor Regis, PO21 with 6 addresses.
It ranks as the 811th largest and 1034th most expensive of the 1,037 buildings in the PO21 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The building contains a total of 6 properties: 6 flats.
Sale prices range from £464,248 for 3 bedroom leasehold flats with a balcony (1,108 ft2) to £503,048 for 3 bedroom leasehold flats with a balcony (1,248 ft2) .
Monthly rental prices range from £2,133 pcm for 3 bed flats to £2,311 pcm for 3 bed flats.
The gross rental yield is between 5.5% and 5.5%.
The average value per square foot is £407.
The last sale in Palm Close Barrack Lane sold for £560,000 on 24th May 2022. Since then prices are down an average of 6.7%.
The current average value in the building is £486,165.
The Palm Close Barrack Lane Sales Market has increased by 7.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -2.1% | £486,165 |
| May 2025 | -1% | £496,494 |
| May 2024 | -3.5% | £501,381 |
| May 2023 | -0.3% | £519,622 |
| May 2022 | 7.1% | £521,175 |
| May 2021 | 5.5% | £486,532 |
| May 2020 | -0.6% | £461,219 |
| May 2019 | 0.8% | £463,857 |
| May 2018 | 1.2% | £460,249 |
| May 2017 | 0.2% | £454,906 |
| May 2016 | 8.7% | £453,809 |
| May 2015 | 7.5% | £417,568 |
| May 2014 | 3.5% | £388,446 |
| May 2013 | 3.8% | £375,303 |
| May 2012 | -1.1% | £361,713 |
| May 2011 | -1.7% | £365,695 |
| May 2010 | 8.2% | £372,142 |
| May 2009 | -15% | £344,094 |
| May 2008 | 3.1% | £405,021 |
| May 2007 | 0% | £392,903 |
The current average rental value in the building is £2,234.
The Palm Close Barrack Lane Rental Market has increased by 32.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 4% | £2,234pcm |
| May 2025 | 1.9% | £2,148pcm |
| May 2024 | 4.4% | £2,109pcm |
| May 2023 | 7.1% | £2,020pcm |
| May 2022 | 4.7% | £1,887pcm |
| May 2021 | 5.3% | £1,801pcm |
| May 2020 | 2.2% | £1,711pcm |
| May 2019 | 0.4% | £1,674pcm |
| May 2018 | -0.3% | £1,667pcm |
| May 2017 | -0.6% | £1,671pcm |
| May 2016 | 4.3% | £1,680pcm |
| May 2015 | 3.6% | £1,612pcm |
| May 2014 | 1.4% | £1,556pcm |
| May 2013 | 2.9% | £1,534pcm |
| May 2012 | 0% | £1,490pcm |
| May 2011 | 1.9% | £1,491pcm |
| May 2010 | 3.2% | £1,463pcm |
| May 2009 | -5.4% | £1,417pcm |
| May 2008 | 3.3% | £1,498pcm |
| May 2007 | 0% | £1,450pcm |
The last sale was on 24th May 2022 for £560,000 and since then the market in the area has decreased by 6.7%. The building has had a total of 9 sales since 1995.
Palm Close, Barrack Lane, Bognor Regis, PO21 4EF has seen no sales in the last three years and no sales in the last twelve months.
The closest station to Palm Close, Barrack Lane, Bognor Regis, PO21 4EF is Bognor Regis station which is 3.3 kilometres away.
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According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around Palm Close, Barrack Lane, Bognor Regis, PO21 4EF, 62.2% of property is privately owned outright and 21.3% is privately owned with a mortgage.
The graph below shows how this compares to South East and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Palm Close, Barrack Lane, Bognor Regis, PO21 4EF, 9.7% of residents are recorded as possessing school level qualifications and 39.5% as possessing degree level qualifications.
The graph below shows how this compares to South East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around Palm Close, Barrack Lane, Bognor Regis, PO21 4EF, the average age was 55.3 and the most common age was 72.
The graph below shows how this compares to South East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Palm Close, Barrack Lane, Bognor Regis, PO21 4EF, 5.6% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Palm Close, Barrack Lane, Bognor Regis, PO21 4EF, there are an average of 1.7 cars per household.
See below for how this compares to South East and the rest of England & Wales.