1, OAK WAY, IFOLD, BILLINGSHURST, RH14 0RU - £725,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 OAK WAY is a small extended detached house of 141m², built sometime from 2007 onwards, which could now be worth an estimated £1,081,809. It was last sold for £725,000 in May 2014, which was around 51% above the average May 2014 detached price in the Chichester local authority area. The most recent EPC inspection was April 2013, where the current energy rating was C, and the potential energy rating was B.

1 OAK WAY Sold Prices

Land registry data shows two sales for 1 OAK WAY 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 OAK WAY sales were for above 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
2014 29 MAY	£725,000	£480,367	51% above HPI
2008 2 DEC	£700,000	£424,473	65% above HPI

1 OAK WAY 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 OAK WAY sales from December 2008 and May 2014 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 December 2008 sale was for 65% above the HPI. So the extrapolation line tracks at 65% above the HPI over time, until the May 2014 sale, where it falls to 51% above the HPI. The line then continues to track at 51% above the HPI.

What might 1 OAK WAY be worth now?

1 OAK WAY might now be worth an estimated £1,081,809.

This is based on house price inflation of 49.2%, between May 2014 and February 2025, for detached houses, in the Chichester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 49.2% inflationary increase is applied to the most recent sale price for 1 OAK WAY of £725,000 on 29th May 2014. For the value to have increased from £725,000 to £1,081,809 over the eleven years and three months to February 2025, the following assumptions must hold true:

• The value of 1 OAK WAY has moved in line with the HPI for detached houses in the Chichester local authority area.
• The May 2014 sale price of £725,000 represented a fair market value for the property.
• The size, condition, and specification of 1 OAK WAY has not materially changed since May 2014.

How Large is 1 OAK WAY?

1 OAK WAY is 141m², which includes one extension, according to the EPC inspection conducted in April 2013. This puts it in the smallest 30% of detached houses houses in Ifold, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ifold, and where 1 OAK WAY lies on this distribution: 27% of detached houses houses are smaller than 1 OAK WAY, and 73% of houses are larger. Note that EPC data is not available for all properties in Ifold.

1 OAK WAY: Plot and Title Map

1 OAK WAY sits on a plot of roughly 0.307 of an acre, or 1,241m². The below map shows the location of 1 OAK WAY, 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 OAK WAY). 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 OAK WAY?

1 OAK WAY is located in IFOLD, in the RH14 postcode district. The below map shows the position of No. 1 on OAK WAY.