3, TOWER PLACE, EAST WITTERING, CHICHESTER, PO20 8QT - £505,000

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 TOWER PLACE is a large detached house of 125m², built sometime between 1983 and 1990. It was last sold for £505,000 in August 2020, which was around 18% below the average August 2020 detached price in the Chichester local authority area. The most recent EPC inspection was October 2018, where the current energy rating was C, and the potential energy rating was B.

3 TOWER PLACE Sold Prices

Land registry data shows two sales for 3 TOWER PLACE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Chichester local authority area for the corresponding sale date. Both of the two 3 TOWER PLACE 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
2020 6 AUG	£505,000	£615,438	18% below HPI
2019 20 MAY	£490,000	£585,165	16% below HPI

3 TOWER PLACE 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 two 3 TOWER PLACE sales from May 2019 and August 2020 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 May 2019 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the August 2020 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 3 TOWER PLACE?

3 TOWER PLACE is 125m² according to the EPC inspection conducted in October 2018. This puts it in the largest 40% of detached houses in East Wittering, based on EPC data. The below chart shows the distribution of detached houses by size in East Wittering, and where 3 TOWER PLACE lies on this distribution: 66% of detached houses are smaller than 3 TOWER PLACE, and 34% of houses are larger. Note that EPC data is not available for all properties in East Wittering.

3 TOWER PLACE: Plot and Title Map

3 TOWER PLACE sits on a plot of roughly 0.090 of an acre, or 365m². The below map shows the location of 3 TOWER PLACE, 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 TOWER PLACE). 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 TOWER PLACE?

3 TOWER PLACE is located in EAST WITTERING, in the PO20 postcode district. The below map shows the position of No. 3 on TOWER PLACE.