2, CORMORANT WAY, EAST WITTERING, CHICHESTER, PO20 8PN - £300,000

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

2 CORMORANT WAY is a very small detached house of 75m², built sometime between 1976 and 1982, which could now be worth an estimated £404,967. It was last sold for £300,000 in June 2015, which was around 43% below the average June 2015 detached price in the Chichester local authority area. The most recent EPC inspection was July 2012, where the current energy rating was C, and the potential energy rating was B.

2 CORMORANT WAY Sold Prices

Land registry data shows four sales for 2 CORMORANT WAY 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 2 CORMORANT WAY 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 4 JUN	£300,000	£524,444	43% below HPI
2010 5 JUL	£242,000	£440,759	45% below HPI
2007 27 APR	£248,000	£422,920	41% below HPI
2000 10 JAN	£119,000	£207,387	43% below HPI

2 CORMORANT WAY 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 2 CORMORANT WAY sales between January 2000 and June 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 July 2010 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the June 2015 sale, where it rises to 43% below the HPI. The line then continues to track at 43% below the HPI.

What might 2 CORMORANT WAY be worth now?

2 CORMORANT WAY might now be worth an estimated £404,967.

This is based on house price inflation of 35%, between June 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 35% inflationary increase is applied to the most recent sale price for 2 CORMORANT WAY of £300,000 on 4th June 2015. For the value to have increased from £300,000 to £404,967 over the eight years and six months to December 2024, the following assumptions must hold true:

• The value of 2 CORMORANT WAY has moved in line with the HPI for detached houses in the Chichester local authority area.
• The June 2015 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CORMORANT WAY has not materially changed since June 2015.

How Large is 2 CORMORANT WAY?

2 CORMORANT WAY is 75m² according to the EPC inspection conducted in July 2012. This puts it in the smallest 20% of detached houses houses in East Wittering, based on EPC data. The below chart shows the distribution of detached houses houses by size in East Wittering, and where 2 CORMORANT WAY lies on this distribution: 12% of detached houses houses are smaller than 2 CORMORANT WAY, and 87% of houses are larger. Note that EPC data is not available for all properties in East Wittering.

2 CORMORANT WAY: Plot and Title Map

2 CORMORANT WAY sits on a plot of roughly 0.126 of an acre, or 510m². The below map shows the location of 2 CORMORANT WAY, 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 2 CORMORANT WAY). 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 2 CORMORANT WAY?

2 CORMORANT WAY is located in EAST WITTERING, in the PO20 postcode district. The below map shows the position of No. 2 on CORMORANT WAY.