29, OAK TREE LANE, WOODGATE, CHICHESTER, PO20 3GU - £317,500

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

29 OAK TREE LANE is a small extended detached house of 99m², built sometime between 1996 and 2002. It was last sold for £317,500 in December 2016, which was around 25% below the average December 2016 detached price in the Arun local authority area. The most recent EPC inspection was February 2016, where the current energy rating was D, and the potential energy rating was B.

29 OAK TREE LANE Sold Prices

Land registry data shows four sales for 29 OAK TREE LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Arun local authority area for the corresponding sale date. All of the four 29 OAK TREE 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
2016 2 DEC	£317,500	£421,451	25% below HPI
2008 28 MAR	£263,000	£341,729	23% below HPI
1999 20 JUL	£118,000	£136,280	13% below HPI
1995 6 JUN	£93,000	£96,218	3% below HPI

29 OAK TREE LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Arun local authority area over time, sourced from the HPI. The four 29 OAK TREE LANE sales between June 1995 and December 2016 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 March 2008 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the December 2016 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 29 OAK TREE LANE?

29 OAK TREE LANE is 99m², which includes two extensions, according to the EPC inspection conducted in February 2016. This puts it in the smallest 40% of detached houses in Westergate, based on EPC data. The below chart shows the distribution of detached houses by size in Westergate, and where 29 OAK TREE LANE lies on this distribution: 30% of detached houses are smaller than 29 OAK TREE LANE, and 69% of houses are larger. Note that EPC data is not available for all properties in Westergate.

29 OAK TREE LANE: Plot and Title Map

29 OAK TREE LANE sits on a plot of roughly 0.055 of an acre, or 221m². The below map shows the location of 29 OAK TREE 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 29 OAK TREE 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 29 OAK TREE LANE?

29 OAK TREE LANE is located in WOODGATE, in the PO20 postcode district. The below map shows the position of No. 29 on OAK TREE LANE.