Flat 5, 56
Flat 5, 56
Description & Estimates
Flat 5, 56, Richmond Avenue, Bognor Regis is recorded publicly as a period leasehold apartment across 925 ft2 of internal area.
Locally, apartments of this size normally have 3 bedrooms.
Our estimate of the sale value of Flat 5, 56, Richmond Avenue, Bognor Regis is £273,861 and its rental estimate is £1,260 per month, given the available information and assuming reasonable condition.
56, 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 5, 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 January 2021.
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
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 5, 56, Richmond Avenue, Bognor Regis, we estimate a market value of £287,554 and a rental value of £1,323 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £254,691 and £1,172 per month respectively.
Recent Market Change
Over the last year, Flat 5, 56, Richmond Avenue, Bognor Regis has seen its estimated sale value fall by £6,519 (2.4%) and its estimated rental value move up by £46 per month (3.6%). This results in an estimated gross rental yield of 5.5%.
Energy Efficiency
Flat 5, 56, Richmond Avenue, Bognor Regis has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 27 Jan 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of Flat 5, 56, Richmond Avenue, Bognor Regis completed on 31st March 2011 at £105,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 33.0% over the period since March 2011.
- Sold Mar 2011£105,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 5, 56, Richmond Avenue, Bognor Regis have sold within a radius of 490 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 10th December 2024, was Flat 35, Marine Park, Nyewood Lane, Bognor Regis, PO21 2QN, a leasehold flat which sold for £290,000.
Read more about house prices in PO21.
- Sold Dec 2024£290,000 | 2 Bed FlatFlat 35, Marine Park, Nyewood Lane, Bognor Regis, PO21 2QNFlat 35, Marine Park, Nyewood Lane, Bognor Regis, PO21 2QN
- Sold Oct 2024£285,000 | 3 Bed FlatFlat 16, Marine Park, Nyewood Lane, Bognor Regis, PO21 2QNFlat 16, Marine Park, Nyewood Lane, Bognor Regis, PO21 2QN
- Sold May 2024£250,000 | 3 Bed FlatFlat 5, The Pearl 3, Selsey Avenue, Bognor Regis, PO21 2QZFlat 5, The Pearl 3, Selsey Avenue, Bognor Regis, PO21 2QZ
•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 5, 56, Richmond Avenue, Bognor Regis comes out as the 17th largest and the 10th most expensive in our analysis of the public data.
It is also £43k less expensive than the average property across the PO21 district.
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
From Flat 5, 56, Richmond Avenue, Bognor Regis, the nearest station is Bognor Regis, 1.1 kilometres away.
- 1.1kmBognor Regis
- 6.3kmBarnham
- 8.4kmChichester
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
