5, MILL CLOSE, CHICHESTER, PO19 3JW - £556,500

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.

5 MILL CLOSE is a large extended detached house of 150m², built sometime between 1950 and 1966, which could now be worth an estimated £596,949. It was last sold for £556,500 in November 2021, which was around 17% below the average November 2021 detached price in the Chichester local authority area. The most recent EPC inspection was March 2023, where the current energy rating was D, and the potential energy rating was C.

5 MILL CLOSE Sold Prices

Land registry data shows two sales for 5 MILL 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 5 MILL 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
2021 26 NOV	£556,500	£668,211	17% below HPI
2016 24 NOV	£465,000	£572,814	19% below HPI

5 MILL 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 5 MILL CLOSE sales from November 2016 and November 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 November 2016 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the November 2021 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 5 MILL CLOSE be worth now?

5 MILL CLOSE might now be worth an estimated £596,949.

This is based on house price inflation of 7.3%, between November 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 7.3% inflationary increase is applied to the most recent sale price for 5 MILL CLOSE of £556,500 on 26th November 2021. For the value to have increased from £556,500 to £596,949 over the four years and nine months to February 2025, the following assumptions must hold true:

• The value of 5 MILL CLOSE has moved in line with the HPI for detached houses in the Chichester local authority area.
• The November 2021 sale price of £556,500 represented a fair market value for the property.
• The size, condition, and specification of 5 MILL CLOSE has not materially changed since November 2021.

How Large is 5 MILL CLOSE?

5 MILL CLOSE is 150m², which includes one extension, according to the EPC inspection conducted in March 2023. This puts it in the largest 30% of detached houses houses in Fishbourne, based on EPC data. The below chart shows the distribution of detached houses houses by size in Fishbourne, and where 5 MILL CLOSE lies on this distribution: 78% of detached houses houses are smaller than 5 MILL CLOSE, and 21% of houses are larger. Note that EPC data is not available for all properties in Fishbourne.

5 MILL CLOSE: Plot and Title Map

5 MILL CLOSE sits on a plot of roughly 0.133 of an acre, or 537m². The below map shows the location of 5 MILL 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 5 MILL 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 5 MILL CLOSE?

5 MILL CLOSE is located in CHICHESTER, in the PO19 postcode district. The below map shows the position of No. 5 on MILL CLOSE.