14, THE CLOSE, SELSEY, CHICHESTER, PO20 0ET - £247,500

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

14 THE CLOSE is a midsized detached house of 107m², built sometime between 1967 and 1975, which could now be worth an estimated £343,047. It was last sold for £247,500 in November 2014, which was around 52% below the average November 2014 detached price in the Chichester local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was B.

14 THE CLOSE Sold Prices

Land registry data shows five sales for 14 THE CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Chichester local authority area for the corresponding sale date. All of the five 14 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 26 NOV	£247,500	£510,762	52% below HPI
2006 29 SEP	£145,000	£415,659	65% below HPI
2002 23 AUG	£170,000	£296,776	43% below HPI
2000 15 MAY	£134,950	£235,536	43% below HPI
1995 17 JUL	£71,000	£129,915	45% below HPI

14 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 five 14 THE CLOSE sales between July 1995 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 September 2006 sale was for 65% below the HPI. So the extrapolation line tracks at 65% below the HPI over time, until the November 2014 sale, where it rises to 52% below the HPI. The line then continues to track at 52% below the HPI.

What might 14 THE CLOSE be worth now?

14 THE CLOSE might now be worth an estimated £343,047.

This is based on house price inflation of 38.6%, between November 2014 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 38.6% inflationary increase is applied to the most recent sale price for 14 THE CLOSE of £247,500 on 26th November 2014. For the value to have increased from £247,500 to £343,047 over the nine years and eleven months to December 2024, the following assumptions must hold true:

• The value of 14 THE CLOSE has moved in line with the HPI for detached houses in the Chichester local authority area.
• The November 2014 sale price of £247,500 represented a fair market value for the property.
• The size, condition, and specification of 14 THE CLOSE has not materially changed since November 2014.

How Large is 14 THE CLOSE?

14 THE CLOSE is 107m² according to the EPC inspection conducted in May 2014. This puts it in the largest 50% 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 14 THE CLOSE lies on this distribution: 50% of detached houses houses are smaller than 14 THE CLOSE, and 49% of houses are larger. Note that EPC data is not available for all properties in Selsey.

14 THE CLOSE: Plot and Title Map

14 THE CLOSE sits on a plot of roughly 0.079 of an acre, or 318m². The below map shows the location of 14 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 14 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 14 THE CLOSE?

14 THE CLOSE is located in SELSEY, in the PO20 postcode district. The below map shows the position of No. 14 on THE CLOSE.