Flat 1, Mill Lodge
Flat 1, Mill Lodge
Description & Estimates
Flat 1, Mill Lodge, Bognor Regis is recorded publicly as a modern leasehold apartment across 553 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 1, Mill Lodge, Bognor Regis is £112,335 and its rental estimate is £752 per month, given the available information and assuming reasonable condition.
Mill Lodge, Pagham Road is a residential building on Pagham Road, Bognor Regis, PO21 and falls within the PO21 postal district and the borough of Arun.
Our Data Sources
Flat 1, Mill Lodge, Bognor Regis has 31 entries in the Land Registry , most recently in December 2015 and a single entry in the EPC database dated November 2010.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 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, Mill Lodge, Bognor Regis, we estimate a market value of £117,952 and a rental value of £790 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £104,472 and £699 per month respectively.
Recent Market Change
Over the last year, Flat 1, Mill Lodge, Bognor Regis has seen its estimated sale value fall by £2,683 (2.4%) and its estimated rental value move up by £28 per month (3.7%). This results in an estimated gross rental yield of 8.0%.
Energy Efficiency
Flat 1, Mill Lodge, Bognor Regis has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 24 Nov 2010.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
Sold Prices
The most recent sale of Flat 1, Mill Lodge, Bognor Regis completed on 22nd December 2015 at £110,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold 3 times.
Values of comparable properties have risen by 10.7% over the period since December 2015.
- Sold Dec 2015£110,000
- Sold Apr 2011£125,000
- Sold Sep 2004£114,950
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 1, Mill Lodge, Bognor Regis have sold within a radius of 780 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 23rd June 2023, was Flat 7, Mill Lodge, Pagham Road, Bognor Regis, PO21 3TD, a leasehold flat which sold for £125,000.
Read more about house prices in PO21.
- Sold Jun 2023£125,000 | 2 Bed FlatMill Lodge, Pagham RoadFlat 7, Mill Lodge, Pagham Road, Bognor Regis, PO21 3TD
- Sold Nov 2022£115,000 | 2 Bed FlatMill Lodge, Pagham RoadFlat 2, Mill Lodge, Pagham Road, Bognor Regis, PO21 3TD
- Sold Aug 2022£68,500 | 2 Bed FlatOakland Court, Nyetimber LaneFlat 21, Oakland Court, Nyetimber Lane, Bognor Regis, PO21 3JB
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 194 addresses on Pagham Road, Bognor Regis, PO21, Flat 1, Mill Lodge, Bognor Regis comes out as the 137th largest and the 144th most expensive in our analysis of the public data.
It is also £204k less expensive than the average property across the PO21 district.
More reading links
Schools Nearby
- 800mRose Green Infant School
- 900mRose Green Junior School
- 3.0kmNyewood CofE Junior School
- 3.4kmThe Regis School
- 5.7kmFelpham Community College
- 6.0kmChichester High School
More reading links
Public Transport Nearby
From Flat 1, Mill Lodge, Bognor Regis, the nearest station is Bognor Regis, 4.2 kilometres away.
- 4.2kmBognor Regis
- 6.4kmChichester
- 8.4kmFishbourne (Sussex)
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
