Flat 1, 5
Flat 1, 5
Description & Estimates
Flat 1, 5, Richmond Avenue, Bognor Regis is recorded publicly as a period leasehold apartment across 407 ft2 of internal area.
Locally, apartments of this size normally have 1 bedroom with a garden.
Our estimate of the sale value of Flat 1, 5, Richmond Avenue, Bognor Regis is £94,826 and its rental estimate is £660 per month, given the available information and assuming reasonable condition.
5, Richmond Avenue is a residential building on Richmond Avenue, Bognor Regis, PO21 and falls within the PO21 postal district and the borough of Arun.
Our Data Sources
Flat 1, 5, Richmond Avenue, Bognor Regis has 41 entries in the Land Registry , most recently in December 2020 and a single entry in the EPC database dated March 2011.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For Flat 1, 5, Richmond Avenue, Bognor Regis, we estimate a market value of £99,567 and a rental value of £693 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £88,188 and £614 per month respectively.
Recent Market Change
Over the last year, Flat 1, 5, Richmond Avenue, Bognor Regis has seen its estimated sale value move down by £1,656 (1.7%) and its estimated rental value increase by £28 per month (4.3%). This results in an estimated gross rental yield of 8.4%.
Energy Efficiency
Flat 1, 5, Richmond Avenue, Bognor Regis has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 15 Mar 2011.
The property is not connected to mains gas and has single glazed windows. It is heated using Electric storage heaters.
Sold Prices
The most recent sale of Flat 1, 5, Richmond Avenue, Bognor Regis completed on 18th December 2020 at £96,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold 4 times.
Values of comparable properties have risen by 4.3% over the period since December 2020.
- Sold Dec 2020£96,000
- Sold Aug 2006£98,500
- Sold Aug 2004£80,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 1, 5, Richmond Avenue, Bognor Regis have sold within a radius of 400 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 19th May 2023, was Flat 1A, 148, Aldwick Road, Bognor Regis, PO21 2PA, a leasehold flat which sold for £80,000.
Read more about house prices in PO21.
- Sold May 2023£80,000 | 1 Bed FlatFlat 1A, 148, Aldwick Road, Bognor Regis, PO21 2PAFlat 1A, 148, Aldwick Road, Bognor Regis, PO21 2PA
- Sold Oct 2022£151,000 | 1 Bed FlatFlat 2, Aldwick Court 152, Aldwick Road, Bognor Regis, PO21 2PAFlat 2, Aldwick Court 152, Aldwick Road, Bognor Regis, PO21 2PA
- Sold Apr 2021£80,000 | 1 Bed FlatFlat 8, 39, Nyewood Lane, Bognor Regis, PO21 2SJFlat 8, 39, Nyewood Lane, Bognor Regis, PO21 2SJ
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 160 addresses on Richmond Avenue, Bognor Regis, PO21, Flat 1, 5, Richmond Avenue, Bognor Regis comes out as the 99th largest and the 151st most expensive in our analysis of the public data.
It is also £222k less expensive than the average property across the PO21 district.
More reading links
Schools Nearby
- 700mNyewood CofE Infant School
- 700mNyewood CofE Junior School
- 1.2kmSt Mary's Catholic Primary School
- 1.2kmThe Regis School
- 2.5kmFelpham Community College
- 6.4kmSt Philip Howard Catholic School
More reading links
Public Transport Nearby
From Flat 1, 5, Richmond Avenue, Bognor Regis, the nearest station is Bognor Regis, 900 metres away.
- 900mBognor Regis
- 6.3kmBarnham
- 8.5kmChichester
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
