42, NICOLSON CLOSE, TANGMERE, CHICHESTER, PO20 2LA - £425,000

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

42 NICOLSON CLOSE is a large detached house of 143m², built sometime between 1996 and 2002. It was last sold for £425,000 in February 2019, which was around 28% below the average February 2019 detached price in the Chichester local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was B.

42 NICOLSON CLOSE Sold Prices

Land registry data shows two sales for 42 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 42 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
2019 15 FEB	£425,000	£587,290	28% below HPI
2005 1 AUG	£310,000	£371,223	16% below HPI

42 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 42 NICOLSON CLOSE sales from August 2005 and February 2019 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 August 2005 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the February 2019 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 42 NICOLSON CLOSE?

42 NICOLSON CLOSE is 143m² according to the EPC inspection conducted in May 2014. This puts it in the largest 30% of detached houses in Tangmere, based on EPC data. The below chart shows the distribution of detached houses by size in Tangmere, and where 42 NICOLSON CLOSE lies on this distribution: 75% of detached houses are smaller than 42 NICOLSON CLOSE, and 25% of houses are larger. Note that EPC data is not available for all properties in Tangmere.

42 NICOLSON CLOSE: Plot and Title Map

42 NICOLSON CLOSE sits on a plot of roughly 0.066 of an acre, or 269m². The below map shows the location of 42 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 42 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 42 NICOLSON CLOSE?

42 NICOLSON CLOSE is located in TANGMERE, in the PO20 postcode district. The below map shows the position of No. 42 on NICOLSON CLOSE.