3, OAKWOOD CLOSE, TANGMERE, CHICHESTER, PO20 2WD - £305,000

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 OAKWOOD CLOSE is a midsized extended detached house of 121m², built sometime between 1991 and 1995, which could now be worth an estimated £459,907. It was last sold for £305,000 in March 2014, which was around 36% below the average March 2014 detached price in the Chichester local authority area. The most recent EPC inspection was November 2011, where the current energy rating was D, and the potential energy rating was D.

3 OAKWOOD CLOSE Sold Prices

Land registry data shows three sales for 3 OAKWOOD 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 3 OAKWOOD 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
2014 28 MAR	£305,000	£475,352	36% below HPI
2007 22 JUN	£302,500	£428,201	29% below HPI
1997 27 MAY	£118,000	£149,382	21% below HPI

3 OAKWOOD 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 3 OAKWOOD CLOSE sales between May 1997 and March 2014 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 2007 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the March 2014 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might 3 OAKWOOD CLOSE be worth now?

3 OAKWOOD CLOSE might now be worth an estimated £459,907.

This is based on house price inflation of 50.8%, between March 2014 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 50.8% inflationary increase is applied to the most recent sale price for 3 OAKWOOD CLOSE of £305,000 on 28th March 2014. For the value to have increased from £305,000 to £459,907 over the eleven years and one month to February 2025, the following assumptions must hold true:

• The value of 3 OAKWOOD CLOSE has moved in line with the HPI for detached houses in the Chichester local authority area.
• The March 2014 sale price of £305,000 represented a fair market value for the property.
• The size, condition, and specification of 3 OAKWOOD CLOSE has not materially changed since March 2014.

How Large is 3 OAKWOOD CLOSE?

3 OAKWOOD CLOSE is 121m², which includes one extension, according to the EPC inspection conducted in November 2011. This puts it in the largest 50% of detached houses houses in Tangmere, based on EPC data. The below chart shows the distribution of detached houses houses by size in Tangmere, and where 3 OAKWOOD CLOSE lies on this distribution: 54% of detached houses houses are smaller than 3 OAKWOOD CLOSE, and 46% of houses are larger. Note that EPC data is not available for all properties in Tangmere.

3 OAKWOOD CLOSE: Plot and Title Map

3 OAKWOOD CLOSE sits on a plot of roughly 0.066 of an acre, or 269m². The below map shows the location of 3 OAKWOOD 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 OAKWOOD 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 OAKWOOD CLOSE?

3 OAKWOOD CLOSE is located in TANGMERE, in the PO20 postcode district. The below map shows the position of No. 3 on OAKWOOD CLOSE.