24, SPINNEY CLOSE, SELSEY, CHICHESTER, PO20 9JD - £307,000

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.

24 SPINNEY CLOSE is a very small detached house of 60m², built sometime between 1996 and 2002, which could now be worth an estimated £348,607. It was last sold for £307,000 in June 2021, which was around 51% below the average June 2021 detached price in the Chichester local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was A.

24 SPINNEY CLOSE Sold Prices

Land registry data shows three sales for 24 SPINNEY CLOSE 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 24 SPINNEY CLOSE 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
2021 28 JUN	£307,000	£631,231	51% below HPI
2009 26 OCT	£180,000	£419,135	57% below HPI
1999 29 SEP	£90,000	£200,860	55% below HPI

24 SPINNEY CLOSE 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 24 SPINNEY CLOSE sales between September 1999 and June 2021 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 2009 sale was for 57% below the HPI. So the extrapolation line tracks at 57% below the HPI over time, until the June 2021 sale, where it rises to 51% below the HPI. The line then continues to track at 51% below the HPI.

What might 24 SPINNEY CLOSE be worth now?

24 SPINNEY CLOSE might now be worth an estimated £348,607.

This is based on house price inflation of 13.6%, between June 2021 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 13.6% inflationary increase is applied to the most recent sale price for 24 SPINNEY CLOSE of £307,000 on 28th June 2021. For the value to have increased from £307,000 to £348,607 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 24 SPINNEY CLOSE has moved in line with the HPI for detached houses in the Chichester local authority area.
• The June 2021 sale price of £307,000 represented a fair market value for the property.
• The size, condition, and specification of 24 SPINNEY CLOSE has not materially changed since June 2021.

How Large is 24 SPINNEY CLOSE?

24 SPINNEY CLOSE is 60m² according to the EPC inspection conducted in July 2014. This puts it in the smallest 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 SPINNEY CLOSE lies on this distribution: 4% of detached houses houses are smaller than 24 SPINNEY CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Selsey.

24 SPINNEY CLOSE: Plot and Title Map

24 SPINNEY CLOSE sits on a plot of roughly 0.077 of an acre, or 311m². The below map shows the location of 24 SPINNEY CLOSE, 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 SPINNEY CLOSE). 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 SPINNEY CLOSE?

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