3, COWDRAY CLOSE, RUSTINGTON, LITTLEHAMPTON, BN16 3SU - £390,000

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.

3 COWDRAY CLOSE is a very small detached house of 82m², built sometime between 1991 and 1995, which could now be worth an estimated £479,455. It was last sold for £390,000 in August 2019, which was around 17% below the average August 2019 detached price in the Arun local authority area. The most recent EPC inspection was January 2010, where the current energy rating was D, and the potential energy rating was D.

3 COWDRAY CLOSE Sold Prices

Land registry data shows six sales for 3 COWDRAY CLOSE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Arun local authority area for the corresponding sale date. Most of the six 3 COWDRAY 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
2019 5 AUG	£390,000	£467,479	17% below HPI
2017 29 SEP	£285,000	£461,498	38% below HPI
2013 12 APR	£275,000	£337,071	18% below HPI
2011 15 FEB	£267,000	£316,785	16% below HPI
2006 7 NOV	£272,500	£321,851	15% below HPI
1995 6 JUN	£107,500	£99,820	8% above HPI

3 COWDRAY CLOSE 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 six 3 COWDRAY CLOSE sales between June 1995 and August 2019 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 September 2017 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the August 2019 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 3 COWDRAY CLOSE be worth now?

3 COWDRAY CLOSE might now be worth an estimated £479,455.

This is based on house price inflation of 22.9%, between August 2019 and February 2025, for detached houses, in the Arun local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 22.9% inflationary increase is applied to the most recent sale price for 3 COWDRAY CLOSE of £390,000 on 5th August 2019. For the value to have increased from £390,000 to £479,455 over the six years and six months to February 2025, the following assumptions must hold true:

• The value of 3 COWDRAY CLOSE has moved in line with the HPI for detached houses in the Arun local authority area.
• The August 2019 sale price of £390,000 represented a fair market value for the property.
• The size, condition, and specification of 3 COWDRAY CLOSE has not materially changed since August 2019.

How Large is 3 COWDRAY CLOSE?

3 COWDRAY CLOSE is 82m² according to the EPC inspection conducted in January 2010. This puts it in the smallest 20% of detached houses houses in Rustington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Rustington, and where 3 COWDRAY CLOSE lies on this distribution: 16% of detached houses houses are smaller than 3 COWDRAY CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Rustington.

3 COWDRAY CLOSE: Plot and Title Map

3 COWDRAY CLOSE sits on a plot of roughly 0.064 of an acre, or 259m². The below map shows the location of 3 COWDRAY 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 3 COWDRAY 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 3 COWDRAY CLOSE?

3 COWDRAY CLOSE is located in RUSTINGTON, in the BN16 postcode district. The below map shows the position of No. 3 on COWDRAY CLOSE.