13, THE CLOSE, SELSEY, CHICHESTER, PO20 0ET - £299,950

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

13 THE CLOSE is a large extended detached house of 130m², built sometime between 1950 and 1966, which could now be worth an estimated £414,730. It was last sold for £299,950 in May 2015, which was around 41% below the average May 2015 detached price in the Chichester local authority area. The most recent EPC inspection was June 2012, where the current energy rating was D, and the potential energy rating was B.

13 THE CLOSE Sold Prices

Land registry data shows two sales for 13 THE CLOSE 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 13 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
2015 27 MAY	£299,950	£512,012	41% below HPI
2002 2 AUG	£138,500	£296,776	53% below HPI

13 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 two 13 THE CLOSE sales from August 2002 and May 2015 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 August 2002 sale was for 53% below the HPI. So the extrapolation line tracks at 53% below the HPI over time, until the May 2015 sale, where it rises to 41% below the HPI. The line then continues to track at 41% below the HPI.

What might 13 THE CLOSE be worth now?

13 THE CLOSE might now be worth an estimated £414,730.

This is based on house price inflation of 38.3%, between May 2015 and December 2024, 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 38.3% inflationary increase is applied to the most recent sale price for 13 THE CLOSE of £299,950 on 27th May 2015. For the value to have increased from £299,950 to £414,730 over the eight years and five months to December 2024, the following assumptions must hold true:

• The value of 13 THE CLOSE has moved in line with the HPI for detached houses in the Chichester local authority area.
• The May 2015 sale price of £299,950 represented a fair market value for the property.
• The size, condition, and specification of 13 THE CLOSE has not materially changed since May 2015.

How Large is 13 THE CLOSE?

13 THE CLOSE is 130m², which includes one extension, according to the EPC inspection conducted in June 2012. This puts it in the largest 30% of detached houses houses in Selsey, based on EPC data. The below chart shows the distribution of detached houses houses by size in Selsey, and where 13 THE CLOSE lies on this distribution: 70% of detached houses houses are smaller than 13 THE CLOSE, and 29% of houses are larger. Note that EPC data is not available for all properties in Selsey.

13 THE CLOSE: Plot and Title Map

13 THE CLOSE sits on a plot of roughly 0.109 of an acre, or 443m². The below map shows the location of 13 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 13 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 13 THE CLOSE?

13 THE CLOSE is located in SELSEY, in the PO20 postcode district. The below map shows the position of No. 13 on THE CLOSE.