2, LIFEBOAT WAY, SELSEY, CHICHESTER, PO20 0TT - £270,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 LIFEBOAT WAY is a very large extended detached house of 149m², built sometime between 1996 and 2002. It was last sold for £270,000 in April 2009, which was around 25% below the average April 2009 detached price in the Chichester local authority area. The most recent EPC inspection was February 2024, where the current energy rating was C, and the potential energy rating was B.

2 LIFEBOAT WAY Sold Prices

Land registry data shows two sales for 2 LIFEBOAT WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Chichester local authority area for the corresponding sale date. Both of the two 2 LIFEBOAT 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
2009 8 APR	£270,000	£359,245	25% below HPI
1997 1 JUL	£124,950	£152,203	18% below HPI

2 LIFEBOAT 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 two 2 LIFEBOAT WAY sales from July 1997 and April 2009 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 1997 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the April 2009 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 2 LIFEBOAT WAY?

2 LIFEBOAT WAY is 149m², which includes one extension, according to the EPC inspection conducted in February 2024. This puts it in the largest 20% of detached houses in Selsey, based on EPC data. The below chart shows the distribution of detached houses by size in Selsey, and where 2 LIFEBOAT WAY lies on this distribution: 81% of detached houses are smaller than 2 LIFEBOAT WAY, and 18% of houses are larger. Note that EPC data is not available for all properties in Selsey.

2 LIFEBOAT WAY: Plot and Title Map

2 LIFEBOAT WAY sits on a plot of roughly 0.092 of an acre, or 371m². The below map shows the location of 2 LIFEBOAT 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 LIFEBOAT 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 LIFEBOAT WAY?

2 LIFEBOAT WAY is located in SELSEY, in the PO20 postcode district. The below map shows the position of No. 2 on LIFEBOAT WAY.