31, NICOLSON CLOSE, TANGMERE, CHICHESTER, PO20 2LA - £320,000

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.

31 NICOLSON CLOSE is a small extended detached house of 105m², built sometime between 1996 and 2002, which could now be worth an estimated £466,132. It was last sold for £320,000 in July 2014, which was around 35% below the average July 2014 detached price in the Chichester local authority area. The most recent EPC inspection was October 2014, where the current energy rating was E, and the potential energy rating was B.

31 NICOLSON CLOSE Sold Prices

Land registry data shows two sales for 31 NICOLSON CLOSE 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 31 NICOLSON 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 4 JUL	£320,000	£492,070	35% below HPI
2002 7 JUN	£249,950	£277,924	10% below HPI

31 NICOLSON 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 two 31 NICOLSON CLOSE sales from June 2002 and July 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 2002 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the July 2014 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 31 NICOLSON CLOSE be worth now?

31 NICOLSON CLOSE might now be worth an estimated £466,132.

This is based on house price inflation of 45.7%, between July 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 45.7% inflationary increase is applied to the most recent sale price for 31 NICOLSON CLOSE of £320,000 on 4th July 2014. For the value to have increased from £320,000 to £466,132 over the eleven years and five months to February 2025, the following assumptions must hold true:

• The value of 31 NICOLSON CLOSE has moved in line with the HPI for detached houses in the Chichester local authority area.
• The July 2014 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 31 NICOLSON CLOSE has not materially changed since July 2014.

How Large is 31 NICOLSON CLOSE?

31 NICOLSON CLOSE is 105m², which includes one extension, according to the EPC inspection conducted in October 2014. This puts it in the smallest 40% 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 31 NICOLSON CLOSE lies on this distribution: 35% of detached houses houses are smaller than 31 NICOLSON CLOSE, and 64% of houses are larger. Note that EPC data is not available for all properties in Tangmere.

31 NICOLSON CLOSE: Plot and Title Map

31 NICOLSON CLOSE sits on a plot of roughly 0.074 of an acre, or 299m². The below map shows the location of 31 NICOLSON 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 31 NICOLSON 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 31 NICOLSON CLOSE?

31 NICOLSON CLOSE is located in TANGMERE, in the PO20 postcode district. The below map shows the position of No. 31 on NICOLSON CLOSE.