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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, Flat 1, 2, The Drive, Bognor Regis is a mid-century leasehold apartment with 785 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 1, 2, The Drive, Bognor Regis is £491,053 and the estimated rental value is £2,369 per month.
The apartment is within 2, The Drive, Bognor Regis, PO21.
The Drive, Bognor Regis, PO21 is located in the borough of Arun within the PO21 postal district.
Flat 1, 2, The Drive, Bognor Regis has 21 entries in the Land Registry , most recently in December 2007 and a single entry in the EPC database dated January 2016.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If Flat 1, 2, The Drive, Bognor Regis is in very good condition we estimate a sale value of £515,605 and a rental value of £2,487 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £456,679 and a rental value of £2,203 per month.
Over the last 12 months the sale value of Flat 1 2 The Drive Bognor Regis has decreased by an estimated £13,133 (2.7%) and its rental value has increased by an estimated £81 per month (3.4%), giving an expected gross yield of 5.8%.
Flat 1, 2, The Drive, Bognor Regis has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 11 Jan 2016.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, Flat 1, 2, The Drive, Bognor Regis was last sold on 20th December 2007 for £225,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since December 2007, the market for similar properties has dropped 3.5%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 830 metres radius of Flat 1, 2, The Drive, Bognor Regis over the last 2 years.
The most recent example is 111, Barrack Lane, Bognor Regis, PO21 4DX, a leasehold flat which sold for £172,500 on the 22nd March 2024.
Read more about house prices in PO21.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Drive, Bognor Regis, PO21 has a total of 66 addresses. According to our analysis of all the public data, Flat 1, 2, The Drive, Bognor Regis is the 59th largest and the 52nd most expensive property on the street.
When compared to the postcode district it is £172k more expensive than the average property in PO21.
The closest station to Flat 1, 2, The Drive, Bognor Regis is Bognor Regis station which is 3.0 kilometres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
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 Flat 1, 2, The Drive, Bognor Regis, 80.5% of property is privately owned outright and 13.8% 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 Flat 1, 2, The Drive, Bognor Regis, 7.3% of residents are recorded as possessing school level qualifications and 35.9% 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 Flat 1, 2, The Drive, Bognor Regis, 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 Flat 1, 2, The Drive, Bognor Regis, 0.8% 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 Flat 1, 2, The Drive, Bognor Regis, 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.
