4, DREWITTS MEWS, OVING, CHICHESTER, PO20 2AZ - £415,000

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.

4 DREWITTS MEWS is a very small extended detached house of 91m², built sometime between 1991 and 1995, which could now be worth an estimated £471,244. It was last sold for £415,000 in June 2021, which was around 34% below the average June 2021 detached price in the Chichester local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was C.

4 DREWITTS MEWS Sold Prices

Land registry data shows two sales for 4 DREWITTS MEWS 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 4 DREWITTS MEWS 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
2021 29 JUN	£415,000	£631,231	34% below HPI
1998 9 FEB	£122,500	£163,181	25% below HPI

4 DREWITTS MEWS 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 4 DREWITTS MEWS sales from February 1998 and June 2021 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 February 1998 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the June 2021 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 4 DREWITTS MEWS be worth now?

4 DREWITTS MEWS might now be worth an estimated £471,244.

This is based on house price inflation of 13.6%, between June 2021 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 13.6% inflationary increase is applied to the most recent sale price for 4 DREWITTS MEWS of £415,000 on 29th June 2021. For the value to have increased from £415,000 to £471,244 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 4 DREWITTS MEWS has moved in line with the HPI for detached houses in the Chichester local authority area.
• The June 2021 sale price of £415,000 represented a fair market value for the property.
• The size, condition, and specification of 4 DREWITTS MEWS has not materially changed since June 2021.

How Large is 4 DREWITTS MEWS?

4 DREWITTS MEWS is 91m², which includes one extension, according to the EPC inspection conducted in July 2020. This puts it in the smallest 20% of detached houses houses in Oving, based on EPC data. The below chart shows the distribution of detached houses houses by size in Oving, and where 4 DREWITTS MEWS lies on this distribution: 13% of detached houses houses are smaller than 4 DREWITTS MEWS, and 87% of houses are larger. Note that EPC data is not available for all properties in Oving.

4 DREWITTS MEWS: Plot and Title Map

4 DREWITTS MEWS sits on a plot of roughly 0.049 of an acre, or 197m². The below map shows the location of 4 DREWITTS MEWS, 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 4 DREWITTS MEWS). 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 4 DREWITTS MEWS?

4 DREWITTS MEWS is located in OVING, in the PO20 postcode district. The below map shows the position of No. 4 on DREWITTS MEWS.