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 MARINE DRIVE is a large extended detached house of 120m², built sometime between 1930 and 1949. It was last sold for £450,000 in February 2018, which was around 24% below the average February 2018 detached price in the Chichester local authority area. The most recent EPC inspection was May 2017, where the current energy rating was G, and the potential energy rating was C.
Land registry data shows two sales for 2 MARINE DRIVE since 1st 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 MARINE DRIVE 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 |
---|---|---|---|
2018 2 FEB | £450,000 | £592,381 | 24% below HPI |
2002 30 AUG | £226,000 | £290,420 | 22% below HPI |
The below graph shows the average detached house price in the Chichester local authority area over time, sourced from the HPI. The two 2 MARINE DRIVE sales from August 2002 and February 2018 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 August 2002 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the February 2018 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.
2 MARINE DRIVE is 120m², which includes one extension, according to the EPC inspection conducted in May 2017. This puts it in the largest 40% of detached houses in East Wittering, based on EPC data. The below chart shows the distribution of detached houses by size in East Wittering, and where 2 MARINE DRIVE lies on this distribution: 62% of detached houses are smaller than 2 MARINE DRIVE, and 38% of houses are larger. Note that EPC data is not available for all properties in East Wittering.
2 MARINE DRIVE sits on a plot of roughly 0.117 of an acre, or 474m². The below map shows the location of 2 MARINE DRIVE, 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 MARINE DRIVE). 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 MARINE DRIVE is located in WEST WITTERING, in the PO20 postcode district. The below map shows the position of No. 2 on MARINE DRIVE.