23, THE HORSESHOE, SELSEY, CHICHESTER, PO20 9ES - £445,000

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.

23 THE HORSESHOE is a small detached house of 78m², built sometime between 1967 and 1975, which could now be worth an estimated £454,535. It was last sold for £445,000 in February 2023, which was around 37% below the average February 2023 detached price in the Chichester local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was B.

23 THE HORSESHOE Sold Prices

Land registry data shows three sales for 23 THE HORSESHOE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Chichester local authority area for the corresponding sale date. All of the three 23 THE HORSESHOE 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
2023 2 FEB	£445,000	£701,744	37% below HPI
2021 5 MAY	£375,000	£627,215	40% below HPI
2014 7 APR	£250,000	£479,193	48% below HPI

23 THE HORSESHOE 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 three 23 THE HORSESHOE sales between April 2014 and February 2023 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 2021 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the February 2023 sale, where it rises to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 23 THE HORSESHOE be worth now?

23 THE HORSESHOE might now be worth an estimated £454,535.

This is based on house price inflation of 2.1%, between February 2023 and February 2025, 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 2.1% inflationary increase is applied to the most recent sale price for 23 THE HORSESHOE of £445,000 on 2nd February 2023. For the value to have increased from £445,000 to £454,535 over the two years to February 2025, the following assumptions must hold true:

• The value of 23 THE HORSESHOE has moved in line with the HPI for detached houses in the Chichester local authority area.
• The February 2023 sale price of £445,000 represented a fair market value for the property.
• The size, condition, and specification of 23 THE HORSESHOE has not materially changed since February 2023.

How Large is 23 THE HORSESHOE?

23 THE HORSESHOE is 78m² according to the EPC inspection conducted in February 2014. This puts it in the smallest 30% of detached houses houses in Selsey, based on EPC data. The below chart shows the distribution of detached houses houses by size in Selsey, and where 23 THE HORSESHOE lies on this distribution: 21% of detached houses houses are smaller than 23 THE HORSESHOE, and 78% of houses are larger. Note that EPC data is not available for all properties in Selsey.

23 THE HORSESHOE: Plot and Title Map

23 THE HORSESHOE sits on a plot of roughly 0.075 of an acre, or 304m². The below map shows the location of 23 THE HORSESHOE, 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 23 THE HORSESHOE). 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 23 THE HORSESHOE?

23 THE HORSESHOE is located in SELSEY, in the PO20 postcode district. The below map shows the position of No. 23 on THE HORSESHOE.