1, MILL LANE, RUNCTON, CHICHESTER, PO20 1AA - £325,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 MILL LANE is a midsized extended detached house of 140m², built sometime between 2003 and 2006. It was last sold for £325,000 in July 2005, which was around 12% below the average July 2005 detached price in the Chichester local authority area. The most recent EPC inspection was January 2024, where the current energy rating was C, and the potential energy rating was B.

1 MILL LANE Sold Prices

Land registry data shows two sales for 1 MILL LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Chichester local authority area for the corresponding sale date. Both of the two 1 MILL LANE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2005 26 JUL	£325,000	£367,892	12% below HPI
2002 4 OCT	£302,500	£309,696	2% below HPI

1 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Chichester local authority area over time, sourced from the HPI. The two 1 MILL LANE sales from October 2002 and July 2005 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the October 2002 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the July 2005 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 1 MILL LANE?

1 MILL LANE is 140m², which includes two extensions, according to the EPC inspection conducted in January 2024. This puts it in the smallest 50% of detached houses in Runcton, based on EPC data. The below chart shows the distribution of detached houses by size in Runcton, and where 1 MILL LANE lies on this distribution: 40% of detached houses are smaller than 1 MILL LANE, and 60% of houses are larger. Note that EPC data is not available for all properties in Runcton.

1 MILL LANE: Plot and Title Map

1 MILL LANE sits on a plot of roughly 0.102 of an acre, or 411m². The below map shows the location of 1 MILL LANE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 MILL LANE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 MILL LANE?

1 MILL LANE is located in RUNCTON, in the PO20 postcode district. The below map shows the position of No. 1 on MILL LANE.