1, SCHOOL CLOSE, WESTERGATE, CHICHESTER, PO20 3AB - £355,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 SCHOOL CLOSE is a very small detached house of 75m², built sometime from 2007 onwards. It was last sold for £355,000 in September 2021, which was around 29% below the average September 2021 detached price in the Arun local authority area. The most recent EPC inspection was July 2014, where the current energy rating was C, and the potential energy rating was B.

1 SCHOOL CLOSE Sold Prices

Land registry data shows three sales for 1 SCHOOL CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Arun local authority area for the corresponding sale date. All of the three 1 SCHOOL CLOSE 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
2021 28 SEP	£355,000	£499,148	29% below HPI
2016 29 FEB	£295,000	£406,581	27% below HPI
2008 30 JAN	£289,950	£344,869	16% below HPI

1 SCHOOL CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Arun local authority area over time, sourced from the HPI. The three 1 SCHOOL CLOSE sales between January 2008 and September 2021 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 February 2016 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the September 2021 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 1 SCHOOL CLOSE?

1 SCHOOL CLOSE is 75m² according to the EPC inspection conducted in July 2014. This puts it in the smallest 10% of detached houses in Westergate, based on EPC data. The below chart shows the distribution of detached houses by size in Westergate, and where 1 SCHOOL CLOSE lies on this distribution: 7% of detached houses are smaller than 1 SCHOOL CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Westergate.

1 SCHOOL CLOSE: Plot and Title Map

1 SCHOOL CLOSE sits on a plot of roughly 0.053 of an acre, or 216m². The below map shows the location of 1 SCHOOL CLOSE, 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 SCHOOL CLOSE). 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 SCHOOL CLOSE?

1 SCHOOL CLOSE is located in WESTERGATE, in the PO20 postcode district. The below map shows the position of No. 1 on SCHOOL CLOSE.