2, LAKE ROAD, CHICHESTER, PO19 7TD - £241,000

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.

2 LAKE ROAD is a very small extended semi-detached house of 69m², built sometime before 1900, which could now be worth an estimated £404,565. It was last sold for £241,000 in July 2010, which was around 9% below the average July 2010 semi-detached price in the Chichester local authority area. The most recent EPC inspection was February 2010, where the current energy rating was E, and the potential energy rating was E.

2 LAKE ROAD Sold Prices

Land registry data shows three sales for 2 LAKE ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Chichester local authority area for the corresponding sale date. All of the three 2 LAKE ROAD 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
2010 23 JUL	£241,000	£265,769	9% below HPI
2002 7 MAY	£125,000	£159,457	22% below HPI
1997 23 MAY	£72,500	£86,843	17% below HPI

2 LAKE ROAD Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Chichester local authority area over time, sourced from the HPI. The three 2 LAKE ROAD sales between May 1997 and July 2010 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 May 2002 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the July 2010 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 2 LAKE ROAD be worth now?

2 LAKE ROAD might now be worth an estimated £404,565.

This is based on house price inflation of 67.9%, between July 2010 and February 2025, for semi-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 67.9% inflationary increase is applied to the most recent sale price for 2 LAKE ROAD of £241,000 on 23rd July 2010. For the value to have increased from £241,000 to £404,565 over the fifteen years and five months to February 2025, the following assumptions must hold true:

• The value of 2 LAKE ROAD has moved in line with the HPI for semi-detached houses in the Chichester local authority area.
• The July 2010 sale price of £241,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LAKE ROAD has not materially changed since July 2010.

How Large is 2 LAKE ROAD?

2 LAKE ROAD is 69m², which includes one extension, according to the EPC inspection conducted in February 2010. This puts it in the smallest 10% of semi-detached houses houses in Chichester, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Chichester, and where 2 LAKE ROAD lies on this distribution: 2% of semi-detached houses houses are smaller than 2 LAKE ROAD, and 98% of houses are larger. Note that EPC data is not available for all properties in Chichester.

2 LAKE ROAD: Plot and Title Map

2 LAKE ROAD sits on a plot of roughly 0.101 of an acre, or 410m². The below map shows the location of 2 LAKE ROAD, 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 LAKE ROAD). 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 LAKE ROAD?

2 LAKE ROAD is located in CHICHESTER, in the PO19 postcode district. The below map shows the position of No. 2 on LAKE ROAD.