3, SOUTHLANDS, MILL LANE, RUNCTON, CHICHESTER, PO20 1PN - £410,000

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 SOUTHLANDS is a very small extended detached house of 92m², built sometime between 1930 and 1949, which could now be worth an estimated £462,552. It was last sold for £410,000 in September 2018, which was around 35% below the average September 2018 detached price in the Chichester local authority area. The most recent EPC inspection was May 2014, where the current energy rating was E, and the potential energy rating was D.

3 SOUTHLANDS Sold Prices

Land registry data shows three sales for 3 SOUTHLANDS 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 SOUTHLANDS 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
2018 28 SEP	£410,000	£635,344	35% below HPI
2016 9 SEP	£450,000	£591,122	24% below HPI
2003 22 MAY	£225,000	£340,689	34% below HPI

3 SOUTHLANDS 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 SOUTHLANDS sales between May 2003 and September 2018 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 2016 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the September 2018 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 3 SOUTHLANDS be worth now?

3 SOUTHLANDS might now be worth an estimated £462,552.

This is based on house price inflation of 12.8%, between September 2018 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 12.8% inflationary increase is applied to the most recent sale price for 3 SOUTHLANDS of £410,000 on 28th September 2018. For the value to have increased from £410,000 to £462,552 over the seven years and seven months to February 2025, the following assumptions must hold true:

• The value of 3 SOUTHLANDS has moved in line with the HPI for detached houses in the Chichester local authority area.
• The September 2018 sale price of £410,000 represented a fair market value for the property.
• The size, condition, and specification of 3 SOUTHLANDS has not materially changed since September 2018.

How Large is 3 SOUTHLANDS?

3 SOUTHLANDS is 92m², which includes one extension, according to the EPC inspection conducted in May 2014. This puts it in the smallest 20% of detached houses houses in Runcton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Runcton, and where 3 SOUTHLANDS lies on this distribution: 12% of detached houses houses are smaller than 3 SOUTHLANDS, and 86% of houses are larger. Note that EPC data is not available for all properties in Runcton.

3 SOUTHLANDS: Plot and Title Map

3 SOUTHLANDS sits on a plot of roughly 0.194 of an acre, or 786m². The below map shows the location of 3 SOUTHLANDS, 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 SOUTHLANDS). 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 SOUTHLANDS?

3 SOUTHLANDS is located on MILL LANE in RUNCTON, in the PO20 postcode district. The below map shows the position of 3 SOUTHLANDS on MILL LANE.