3, CHERRY TREE DRIVE, EASTERGATE, CHICHESTER, PO20 3RR - £295,000

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

3 CHERRY TREE DRIVE is a small detached house of 83m², built sometime between 1967 and 1975. It was last sold for £295,000 in February 2021, which was around 39% below the average February 2021 detached price in the Arun local authority area. The most recent EPC inspection was January 2012, where the current energy rating was E, and the potential energy rating was D.

3 CHERRY TREE DRIVE Sold Prices

Land registry data shows three sales for 3 CHERRY TREE DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Arun local authority area for the corresponding sale date. All of the three 3 CHERRY TREE 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
2021 19 FEB	£295,000	£481,388	39% below HPI
2017 2 JUN	£278,000	£428,987	35% below HPI
2013 11 JAN	£205,000	£321,940	36% below HPI

3 CHERRY TREE DRIVE 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 three 3 CHERRY TREE DRIVE sales between January 2013 and February 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 June 2017 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the February 2021 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is 3 CHERRY TREE DRIVE?

3 CHERRY TREE DRIVE is 83m² according to the EPC inspection conducted in January 2012. This puts it in the smallest 40% of detached houses in Eastergate, based on EPC data. The below chart shows the distribution of detached houses by size in Eastergate, and where 3 CHERRY TREE DRIVE lies on this distribution: 31% of detached houses are smaller than 3 CHERRY TREE DRIVE, and 69% of houses are larger. Note that EPC data is not available for all properties in Eastergate.

3 CHERRY TREE DRIVE: Plot and Title Map

3 CHERRY TREE DRIVE sits on a plot of roughly 0.082 of an acre, or 331m². The below map shows the location of 3 CHERRY TREE 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 3 CHERRY TREE 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.

Where is 3 CHERRY TREE DRIVE?

3 CHERRY TREE DRIVE is located in EASTERGATE, in the PO20 postcode district. The below map shows the position of No. 3 on CHERRY TREE DRIVE.