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
2 MADEHURST WAY is a very large extended detached house of 164m², built sometime between 1950 and 1966. It was last sold for £530,000 in December 2022, which was around 7% below the average December 2022 detached price in the Arun local authority area. The most recent EPC inspection was November 2021, where the current energy rating was D, and the potential energy rating was B.
Land registry data shows three sales for 2 MADEHURST WAY since 1st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Arun local authority area for the corresponding sale date. All of the three 2 MADEHURST 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 |
---|---|---|---|
2022 9 DEC | £530,000 | £569,985 | 7% below HPI |
2004 29 OCT | £249,950 | £292,129 | 14% below HPI |
1998 19 JUN | £120,000 | £124,107 | 3% below HPI |
The below graph shows the average detached house price in the Arun local authority area over time, sourced from the HPI. The three 2 MADEHURST WAY sales between June 1998 and December 2022 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 October 2004 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the December 2022 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.
2 MADEHURST WAY is 164m², which includes one extension, according to the EPC inspection conducted in November 2021. This puts it in the largest 10% of detached houses in Wick, based on EPC data. The below chart shows the distribution of detached houses by size in Wick, and where 2 MADEHURST WAY lies on this distribution: 98% of detached houses are smaller than 2 MADEHURST WAY, and 2% of houses are larger. Note that EPC data is not available for all properties in Wick.
2 MADEHURST WAY sits on a plot of roughly 0.094 of an acre, or 379m². The below map shows the location of 2 MADEHURST 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 MADEHURST 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.
2 MADEHURST WAY is located in LITTLEHAMPTON, in the BN17 postcode district. The below map shows the position of No. 2 on MADEHURST WAY.