15, OAKWOOD CLOSE, TANGMERE, CHICHESTER, PO20 2WD - £390,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

15 OAKWOOD CLOSE is a midsized extended detached house of 115m², built sometime between 1991 and 1995, which could now be worth an estimated £460,668. It was last sold for £390,000 in August 2019, which was around 36% below the average August 2019 detached price in the Chichester local authority area. The most recent EPC inspection was June 2018, where the current energy rating was B, and the potential energy rating was B.

15 OAKWOOD CLOSE Sold Prices

Land registry data shows three sales for 15 OAKWOOD 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 15 OAKWOOD 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
2019 12 AUG	£390,000	£606,824	36% below HPI
2010 14 JAN	£284,000	£417,971	32% below HPI
2001 20 JUL	£191,000	£257,702	26% below HPI

15 OAKWOOD 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 15 OAKWOOD CLOSE sales between July 2001 and August 2019 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 January 2010 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the August 2019 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might 15 OAKWOOD CLOSE be worth now?

15 OAKWOOD CLOSE might now be worth an estimated £460,668.

This is based on house price inflation of 18.1%, between August 2019 and February 2025, 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 18.1% inflationary increase is applied to the most recent sale price for 15 OAKWOOD CLOSE of £390,000 on 12th August 2019. For the value to have increased from £390,000 to £460,668 over the six years and six months to February 2025, the following assumptions must hold true:

• The value of 15 OAKWOOD CLOSE has moved in line with the HPI for detached houses in the Chichester local authority area.
• The August 2019 sale price of £390,000 represented a fair market value for the property.
• The size, condition, and specification of 15 OAKWOOD CLOSE has not materially changed since August 2019.

How Large is 15 OAKWOOD CLOSE?

15 OAKWOOD CLOSE is 115m², which includes two extensions, according to the EPC inspection conducted in June 2018. This puts it in the largest 50% of detached houses houses in Tangmere, based on EPC data. The below chart shows the distribution of detached houses houses by size in Tangmere, and where 15 OAKWOOD CLOSE lies on this distribution: 49% of detached houses houses are smaller than 15 OAKWOOD CLOSE, and 49% of houses are larger. Note that EPC data is not available for all properties in Tangmere.

15 OAKWOOD CLOSE: Plot and Title Map

15 OAKWOOD CLOSE sits on a plot of roughly 0.083 of an acre, or 335m². The below map shows the location of 15 OAKWOOD 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 OAKWOOD 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 OAKWOOD CLOSE?

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