1, SPRINGBANK, CHICHESTER, PO19 6BX - £450,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

1 SPRINGBANK is a very small semi-detached house of 82m², built sometime between 1996 and 2002. It was last sold for £450,000 in August 2022, which was around 37% below the average August 2022 detached price in the Chichester local authority area. The most recent EPC inspection was November 2023, where the current energy rating was D, and the potential energy rating was B.

1 SPRINGBANK Sold Prices

Land registry data shows three sales for 1 SPRINGBANK since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Chichester local authority area for the corresponding sale date. All of the three 1 SPRINGBANK 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
2022 11 AUG	£450,000	£712,274	37% below HPI
2018 13 JUL	£365,000	£597,343	39% below HPI
1997 23 JUN	£111,500	£147,329	24% below HPI

1 SPRINGBANK 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 three 1 SPRINGBANK sales between June 1997 and August 2022 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 July 2018 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the August 2022 sale, where it rises to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 1 SPRINGBANK?

1 SPRINGBANK is 82m² according to the EPC inspection conducted in November 2023. This puts it in the smallest 20% of detached houses in Chichester, based on EPC data. The below chart shows the distribution of detached houses by size in Chichester, and where 1 SPRINGBANK lies on this distribution: 12% of detached houses are smaller than 1 SPRINGBANK, and 88% of houses are larger. Note that EPC data is not available for all properties in Chichester.

1 SPRINGBANK: Plot and Title Map

1 SPRINGBANK sits on a plot of roughly 0.051 of an acre, or 208m². The below map shows the location of 1 SPRINGBANK, 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 SPRINGBANK). 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 SPRINGBANK?

1 SPRINGBANK is located in CHICHESTER, in the PO19 postcode district. The below map shows the position of No. 1 on SPRINGBANK.