40, OAKFIELD AVENUE, EAST WITTERING, CHICHESTER, PO20 8BT - £399,500

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

40 OAKFIELD AVENUE is a small extended detached house of 90m², built sometime between 1950 and 1966. It was last sold for £399,500 in August 2020, which was around 35% below the average August 2020 detached price in the Chichester local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was C.

40 OAKFIELD AVENUE Sold Prices

Land registry data shows five sales for 40 OAKFIELD AVENUE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Chichester local authority area for the corresponding sale date. All of the five 40 OAKFIELD AVENUE 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 27 AUG	£399,500	£615,438	35% below HPI
2014 29 OCT	£450,000	£500,405	10% below HPI
2002 26 JUL	£210,000	£279,393	25% below HPI
2000 7 DEC	£189,950	£240,982	21% below HPI
1997 18 SEP	£135,000	£157,239	14% below HPI

40 OAKFIELD AVENUE 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 five 40 OAKFIELD AVENUE sales between September 1997 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 October 2014 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the August 2020 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 40 OAKFIELD AVENUE?

40 OAKFIELD AVENUE is 90m², which includes one extension, according to the EPC inspection conducted in July 2014. This puts it in the smallest 30% 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 40 OAKFIELD AVENUE lies on this distribution: 29% of detached houses are smaller than 40 OAKFIELD AVENUE, and 70% of houses are larger. Note that EPC data is not available for all properties in East Wittering.

40 OAKFIELD AVENUE: Plot and Title Map

40 OAKFIELD AVENUE sits on a plot of roughly 0.086 of an acre, or 350m². The below map shows the location of 40 OAKFIELD AVENUE, 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 40 OAKFIELD AVENUE). 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 40 OAKFIELD AVENUE?

40 OAKFIELD AVENUE is located in EAST WITTERING, in the PO20 postcode district. The below map shows the position of No. 40 on OAKFIELD AVENUE.