24, PARK LANE, SELSEY, CHICHESTER, PO20 0HD - £380,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

24 PARK LANE is a very large detached house of 264m², built in 2022, which could now be worth an estimated £413,998. It was last sold for £380,000 in June 2020, which was around 42% below the average June 2020 detached price in the Chichester local authority area. The most recent EPC inspection was May 2022, where the current energy rating was B, and the potential energy rating was A.

24 PARK LANE Sold Prices

Land registry data shows two sales for 24 PARK LANE 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 24 PARK LANE 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
2020 22 JUN	£380,000	£649,804	42% below HPI
1996 20 DEC	£105,000	£139,192	25% below HPI

24 PARK LANE 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 24 PARK LANE sales from December 1996 and June 2020 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 December 1996 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the June 2020 sale, where it falls to 42% below the HPI. The line then continues to track at 42% below the HPI.

What might 24 PARK LANE be worth now?

24 PARK LANE might now be worth an estimated £413,998.

This is based on house price inflation of 8.9%, between June 2020 and December 2024, 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 8.9% inflationary increase is applied to the most recent sale price for 24 PARK LANE of £380,000 on 22nd June 2020. For the value to have increased from £380,000 to £413,998 over the three years and six months to December 2024, the following assumptions must hold true:

• The value of 24 PARK LANE has moved in line with the HPI for detached houses in the Chichester local authority area.
• The June 2020 sale price of £380,000 represented a fair market value for the property.
• The size, condition, and specification of 24 PARK LANE has not materially changed since June 2020.

How Large is 24 PARK LANE?

24 PARK LANE is 264m² according to the EPC inspection conducted in May 2022. This puts it in the largest 10% 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 24 PARK LANE lies on this distribution: 99% of detached houses houses are smaller than 24 PARK LANE, and 1% of houses are larger. Note that EPC data is not available for all properties in Selsey.

24 PARK LANE: Plot and Title Map

24 PARK LANE sits on a plot of roughly 0.312 of an acre, or 1,264m². The below map shows the location of 24 PARK LANE, 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 24 PARK LANE). 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 24 PARK LANE?

24 PARK LANE is located in SELSEY, in the PO20 postcode district. The below map shows the position of No. 24 on PARK LANE.