3, LAKE ROAD, CHICHESTER, PO19 7TD - £315,000

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 LAKE ROAD is a very small extended detached house of 81m², built sometime before 1900. It was last sold for £315,000 in December 2015, which was around 42% below the average December 2015 detached price in the Chichester local authority area. The most recent EPC inspection was September 2009, where the current energy rating was F, and the potential energy rating was E.

3 LAKE ROAD Sold Prices

Land registry data shows six sales for 3 LAKE ROAD since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Chichester local authority area for the corresponding sale date. All of the six 3 LAKE ROAD 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
2015 14 DEC	£315,000	£545,938	42% below HPI
2013 19 DEC	£273,250	£456,544	40% below HPI
2010 17 FEB	£313,000	£406,183	23% below HPI
2006 17 FEB	£213,750	£352,065	39% below HPI
1998 5 OCT	£87,500	£171,808	49% below HPI
1995 3 AUG	£65,000	£126,017	48% below HPI

3 LAKE ROAD 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 six 3 LAKE ROAD sales between August 1995 and December 2015 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 2013 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the December 2015 sale, where it falls to 42% below the HPI. The line then continues to track at 42% below the HPI.

How Large is 3 LAKE ROAD?

3 LAKE ROAD is 81m², which includes one extension, according to the EPC inspection conducted in September 2009. This puts it in the smallest 20% of detached houses in Chichester, based on EPC data. The below chart shows the distribution of detached houses by size in Chichester, and where 3 LAKE ROAD lies on this distribution: 12% of detached houses are smaller than 3 LAKE ROAD, and 88% of houses are larger. Note that EPC data is not available for all properties in Chichester.

3 LAKE ROAD: Plot and Title Map

3 LAKE ROAD sits on a plot of roughly 0.076 of an acre, or 307m². The below map shows the location of 3 LAKE ROAD, 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 LAKE ROAD). 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 LAKE ROAD?

3 LAKE ROAD is located in CHICHESTER, in the PO19 postcode district. The below map shows the position of No. 3 on LAKE ROAD.