Flat 4, 56
Flat 4, 56
Description & Estimates
Public records show Flat 4, 56, Richmond Avenue, Bognor Regis to be a period leasehold apartment with 441 ft2 of internal area.
In this area, apartments of this size normally have 1 bedroom.
Flat 4, 56, Richmond Avenue, Bognor Regis has an estimated sale value of £171,670 and an estimated rental value of £955 per month, assuming reasonable condition and based on the information available.
The apartment sits within 56, Richmond Avenue, Bognor Regis, PO21.
Richmond Avenue, Bognor Regis, PO21 lies in the borough of Arun, within the PO21 postal district.
Our Data Sources
Flat 4, 56, Richmond Avenue, Bognor Regis has a single entry in the Land Registry from March 2011 and a single entry in the EPC database dated June 2018.
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.
Price Range & Condition
In very good condition, we estimate Flat 4, 56, Richmond Avenue, Bognor Regis would be worth £180,253, with a potential rental value of £1,003 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £159,653, with a rental value of £889 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of Flat 4, 56, Richmond Avenue, Bognor Regis has fallen by £4,045 (2.4%) over the last year. During the same period, its estimated monthly rental value has moved up by £35 (3.7%). The property's estimated gross yield is currently 6.7%.
Energy Efficiency
Flat 4, 56, Richmond Avenue, Bognor Regis has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 08 Jun 2018.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
Flat 4, 56, Richmond Avenue, Bognor Regis last changed hands on 31st March 2011, selling for £105,000. The transaction was logged as a leasehold flat by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has risen by 37.2% since March 2011.
- Sold Mar 2011£105,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 490 metres of Flat 4, 56, Richmond Avenue, Bognor Regis across the last 2 years.
Most recently, Flat 5, 27, Princess Avenue, Bognor Regis, PO21 2FE, a leasehold flat, sold at £135,000 on the 21st October 2024.
Read more about house prices in PO21.
- Sold Oct 2024£135,000 | 2 Bed Flat27, Princess AvenueFlat 5, 27, Princess Avenue, Bognor Regis, PO21 2FE
- Sold Jan 2024£155,000 | 2 Bed FlatAldwick Court, Richmond Avenue WestFlat 8, Aldwick Court, Richmond Avenue West, Bognor Regis, PO21 2YG
- Sold Oct 2020£160,000 | 1 Bed Flat77, Nyewood LaneFlat 1, 77, Nyewood Lane, Bognor Regis, PO21 2SD
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Our analysis of the public data ranks Flat 4, 56, Richmond Avenue, Bognor Regis as the 90th largest and the 33rd most expensive of the 160 addresses on Richmond Avenue, Bognor Regis, PO21.
Against the PO21 postcode district average, it is £145k less expensive than the typical property.
More reading links
Schools Nearby
- 600mNyewood CofE Junior School
- 600mNyewood CofE Infant School
- 1.2kmSouthway Primary School
- 1.1kmThe Regis School
- 2.6kmFelpham Community College
- 6.4kmSt Philip Howard Catholic School
More reading links
Public Transport Nearby
Bognor Regis station is the nearest stop to Flat 4, 56, Richmond Avenue, Bognor Regis at 1.1 kilometres away.
- 1.1kmBognor Regis
- 6.3kmBarnham
- 8.4kmChichester
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
