12, THE CLOSE, SELSEY, CHICHESTER, PO20 0ET - £390,000

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

12 THE CLOSE is a very large extended detached house of 192m², built sometime between 1930 and 1949. It was last sold for £390,000 in November 2014, which was around 22% below the average November 2014 detached price in the Chichester local authority area. The most recent EPC inspection was January 2018, where the current energy rating was D, and the potential energy rating was B.

12 THE CLOSE Sold Prices

Land registry data shows three sales for 12 THE 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 Chichester local authority area for the corresponding sale date. All of the three 12 THE 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
2014 27 NOV	£390,000	£499,824	22% below HPI
2006 28 MAR	£110,000	£365,595	70% below HPI
1997 19 DEC	£90,000	£156,138	42% below HPI

12 THE CLOSE 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 12 THE CLOSE sales between December 1997 and November 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 March 2006 sale was for 70% below the HPI. So the extrapolation line tracks at 70% below the HPI over time, until the November 2014 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 12 THE CLOSE?

12 THE CLOSE is 192m², which includes two extensions, according to the EPC inspection conducted in January 2018. This puts it in the largest 10% of detached houses in Selsey, based on EPC data. The below chart shows the distribution of detached houses by size in Selsey, and where 12 THE CLOSE lies on this distribution: 93% of detached houses are smaller than 12 THE CLOSE, and 7% of houses are larger. Note that EPC data is not available for all properties in Selsey.

12 THE CLOSE: Plot and Title Map

12 THE CLOSE sits on a plot of roughly 0.268 of an acre, or 1,085m². The below map shows the location of 12 THE 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 12 THE 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 12 THE CLOSE?

12 THE CLOSE is located in SELSEY, in the PO20 postcode district. The below map shows the position of No. 12 on THE CLOSE.