15, MERE CLOSE, BRACKLESHAM BAY, CHICHESTER, PO20 8AG - £500,000

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

15 MERE CLOSE is a small detached house of 91m², built sometime between 1991 and 1995. It was last sold for £500,000 in December 2023, which was around 29% below the average December 2023 detached price in the Chichester local authority area. The most recent EPC inspection was May 2023, where the current energy rating was B, and the potential energy rating was B.

15 MERE CLOSE Sold Prices

Land registry data shows four sales for 15 MERE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Chichester local authority area for the corresponding sale date. All of the four 15 MERE 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
2023 4 DEC	£500,000	£699,650	29% below HPI
2019 28 JUN	£330,000	£588,835	44% below HPI
2018 31 OCT	£310,500	£623,925	50% below HPI
2003 26 SEP	£220,000	£352,264	38% below HPI

15 MERE 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 four 15 MERE CLOSE sales between September 2003 and December 2023 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 June 2019 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the December 2023 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 15 MERE CLOSE?

15 MERE CLOSE is 91m² according to the EPC inspection conducted in May 2023. This puts it in the smallest 40% of detached houses in East Wittering, based on EPC data. The below chart shows the distribution of detached houses by size in East Wittering, and where 15 MERE CLOSE lies on this distribution: 31% of detached houses are smaller than 15 MERE CLOSE, and 69% of houses are larger. Note that EPC data is not available for all properties in East Wittering.

15 MERE CLOSE: Plot and Title Map

15 MERE CLOSE sits on a plot of roughly 0.082 of an acre, or 334m². The below map shows the location of 15 MERE 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 15 MERE 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 15 MERE CLOSE?

15 MERE CLOSE is located in BRACKLESHAM BAY, in the PO20 postcode district. The below map shows the position of No. 15 on MERE CLOSE.