5, OTARD CLOSE, SELSEY, CHICHESTER, PO20 0DD - £415,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

5 OTARD CLOSE is a very large extended detached house of 165m², built sometime between 1900 and 1929. It was last sold for £415,000 in April 2015, which was around 19% below the average April 2015 detached price in the Chichester local authority area. The most recent EPC inspection was October 2010, where the current energy rating was E, and the potential energy rating was C.

5 OTARD CLOSE Sold Prices

Land registry data shows two sales for 5 OTARD 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 OTARD 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
2015 21 APR	£415,000	£510,735	19% below HPI
2001 26 OCT	£225,000	£264,568	15% below HPI

5 OTARD 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 OTARD CLOSE sales from October 2001 and April 2015 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 2001 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the April 2015 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 5 OTARD CLOSE be worth now?

5 OTARD CLOSE might now be worth an estimated £575,241.

This is based on house price inflation of 38.6%, between April 2015 and December 2024, 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 38.6% inflationary increase is applied to the most recent sale price for 5 OTARD CLOSE of £415,000 on 21st April 2015. For the value to have increased from £415,000 to £575,241 over the eight years and four months to December 2024, the following assumptions must hold true:

• The value of 5 OTARD CLOSE has moved in line with the HPI for detached houses in the Chichester local authority area.
• The April 2015 sale price of £415,000 represented a fair market value for the property.
• The size, condition, and specification of 5 OTARD CLOSE has not materially changed since April 2015.

How Large is 5 OTARD CLOSE?

5 OTARD CLOSE is 165m², which includes one extension, according to the EPC inspection conducted in October 2010. This puts it in the largest 20% of detached houses houses in Selsey, based on EPC data. The below chart shows the distribution of detached houses houses by size in Selsey, and where 5 OTARD CLOSE lies on this distribution: 87% of detached houses houses are smaller than 5 OTARD CLOSE, and 13% of houses are larger. Note that EPC data is not available for all properties in Selsey.

5 OTARD CLOSE: Plot and Title Map

5 OTARD CLOSE sits on a plot of roughly 0.165 of an acre, or 668m². The below map shows the location of 5 OTARD 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 OTARD 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 OTARD CLOSE?

5 OTARD CLOSE is located in SELSEY, in the PO20 postcode district. The below map shows the position of No. 5 on OTARD CLOSE.