PO22 7LB is a residential postcode situated on First Avenue, Felpham, Bognor Regis, PO22 with 8 addresses.
It ranks as the 270th largest and 620th most expensive of the 962 postcodes in the PO22 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 8 properties: 8 flats.
PO22 7LB is a residential postcode situated on First Avenue, Felpham, Bognor Regis, PO22 with 8 addresses.
It ranks as the 270th largest and 620th most expensive of the 962 postcodes in the PO22 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 8 properties: 8 flats.
Sale prices range from £235,487 for 3 bedroom leasehold flats (850 ft2) to £473,633 for 3 bedroom leasehold flats (1,388 ft2) .
Monthly rental prices range from £1,014 pcm for 3 bed flats to £1,515 pcm for 3 bed flats.
The gross rental yield is between 3.8% and 5.2%.
The average value per square foot is £355.
The last sale in PO22 7LB sold for £495,000 on 14th May 2024. Since then prices are down an average of 1.9%.
The current average value in the postcode is £388,080.
The PO22 7LB Sales Market has increased by 11.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -1.5% | £388,080 |
| April 2025 | -0.2% | £393,859 |
| April 2024 | -4.5% | £394,528 |
| April 2023 | 0.4% | £412,922 |
| April 2022 | 10.5% | £411,127 |
| April 2021 | 5.2% | £372,225 |
| April 2020 | 0.3% | £353,738 |
| April 2019 | -0.9% | £352,614 |
| April 2018 | 0.2% | £355,828 |
| April 2017 | 1.7% | £355,169 |
| April 2016 | 9.6% | £349,184 |
| April 2015 | 9.5% | £318,659 |
| April 2014 | 5.7% | £290,923 |
| April 2013 | 3.3% | £275,229 |
| April 2012 | -1.6% | £266,539 |
| April 2011 | -2% | £270,874 |
| April 2010 | 4.2% | £276,532 |
| April 2009 | -11.2% | £265,423 |
| April 2008 | 2.9% | £298,964 |
| April 2007 | 0% | £290,672 |
The current average rental value in the postcode is £1,390.
The PO22 7LB Rental Market has increased by 33.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 3.6% | £1,390pcm |
| April 2025 | 2.5% | £1,341pcm |
| April 2024 | 5.3% | £1,309pcm |
| April 2023 | 5.7% | £1,244pcm |
| April 2022 | 8.6% | £1,176pcm |
| April 2021 | 4.5% | £1,083pcm |
| April 2020 | 2% | £1,036pcm |
| April 2019 | 0.9% | £1,016pcm |
| April 2018 | -3.5% | £1,006pcm |
| April 2017 | 0% | £1,043pcm |
| April 2016 | 4.2% | £1,043pcm |
| April 2015 | 3.5% | £1,001pcm |
| April 2014 | -0.7% | £967pcm |
| April 2013 | 3.8% | £974pcm |
| April 2012 | 1.8% | £938pcm |
| April 2011 | 5.3% | £922pcm |
| April 2010 | 1.7% | £876pcm |
| April 2009 | -6.7% | £861pcm |
| April 2008 | 8.8% | £923pcm |
| April 2007 | 0% | £848pcm |
The last sale was on 14th May 2024 for £495,000 and since then the market in the area has decreased by 1.9%. The postcode has had a total of 14 sales since 1995.
PO22 7LB has seen 2 sales in the last three years and no sales in the last twelve months.
PO22 7LB is the 270th largest and the 620th most expensive postcode out of the 962 postcodes in the PO22 area.
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The closest station to PO22 7LB is Bognor Regis station which is 2.4 kilometres away.
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