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

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

3 TOWER PLACE is a large detached house of 125m², built sometime between 1983 and 1990, which could now be worth an estimated £575,561. It was last sold for £505,000 in August 2020, which was around 20% 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	£628,906	20% below HPI
2019 20 MAY	£490,000	£597,970	18% 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 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the August 2020 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 3 TOWER PLACE be worth now?

3 TOWER PLACE might now be worth an estimated £575,561.

This is based on house price inflation of 14%, between August 2020 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 14% inflationary increase is applied to the most recent sale price for 3 TOWER PLACE of £505,000 on 6th August 2020. For the value to have increased from £505,000 to £575,561 over the five years and six months to February 2025, the following assumptions must hold true:

• The value of 3 TOWER PLACE has moved in line with the HPI for detached houses in the Chichester local authority area.
• The August 2020 sale price of £505,000 represented a fair market value for the property.
• The size, condition, and specification of 3 TOWER PLACE has not materially changed since August 2020.

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 houses in East Wittering, based on EPC data. The below chart shows the distribution of detached houses houses by size in East Wittering, and where 3 TOWER PLACE lies on this distribution: 66% of detached houses 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.