15, NICOLSON CLOSE, TANGMERE, CHICHESTER, PO20 2LA - £307,000

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 NICOLSON CLOSE is a very small extended detached house of 85m², built sometime between 1996 and 2002. It was last sold for £307,000 in June 2020, which was around 52% below the average June 2020 detached price in the Chichester local authority area. The most recent EPC inspection was March 2020, where the current energy rating was D, and the potential energy rating was B.

15 NICOLSON CLOSE Sold Prices

Land registry data shows four sales for 15 NICOLSON 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 NICOLSON 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
2020 19 JUN	£307,000	£635,888	52% below HPI
2009 5 JUN	£235,000	£368,498	36% below HPI
2006 26 JAN	£244,500	£358,572	32% below HPI
2002 10 MAY	£190,000	£269,903	30% below HPI

15 NICOLSON 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 NICOLSON CLOSE sales between May 2002 and June 2020 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 2009 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the June 2020 sale, where it falls to 52% below the HPI. The line then continues to track at 52% below the HPI.

How Large is 15 NICOLSON CLOSE?

15 NICOLSON CLOSE is 85m², which includes one extension, according to the EPC inspection conducted in March 2020. This puts it in the smallest 10% of detached houses in Tangmere, based on EPC data. The below chart shows the distribution of detached houses by size in Tangmere, and where 15 NICOLSON CLOSE lies on this distribution: 8% of detached houses are smaller than 15 NICOLSON CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Tangmere.

15 NICOLSON CLOSE: Plot and Title Map

15 NICOLSON CLOSE sits on a plot of roughly 0.050 of an acre, or 201m². The below map shows the location of 15 NICOLSON 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 NICOLSON 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 NICOLSON CLOSE?

15 NICOLSON CLOSE is located in TANGMERE, in the PO20 postcode district. The below map shows the position of No. 15 on NICOLSON CLOSE.