6, SPRINGBANK, CHICHESTER, PO19 6BX - £465,000

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

6 SPRINGBANK is a very small detached house of 88m², built sometime between 1976 and 1982, which could now be worth an estimated £570,170. It was last sold for £465,000 in October 2016, which was around 19% below the average October 2016 detached price in the Chichester local authority area. The most recent EPC inspection was March 2016, where the current energy rating was C, and the potential energy rating was B.

6 SPRINGBANK Sold Prices

Land registry data shows two sales for 6 SPRINGBANK 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 6 SPRINGBANK 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
2016 7 OCT	£465,000	£577,359	19% below HPI
2012 5 APR	£271,000	£444,666	39% below HPI

6 SPRINGBANK 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 6 SPRINGBANK sales from April 2012 and October 2016 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 April 2012 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the October 2016 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 6 SPRINGBANK be worth now?

6 SPRINGBANK might now be worth an estimated £570,170.

This is based on house price inflation of 22.6%, between October 2016 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 22.6% inflationary increase is applied to the most recent sale price for 6 SPRINGBANK of £465,000 on 7th October 2016. For the value to have increased from £465,000 to £570,170 over the seven years and ten months to December 2024, the following assumptions must hold true:

• The value of 6 SPRINGBANK has moved in line with the HPI for detached houses in the Chichester local authority area.
• The October 2016 sale price of £465,000 represented a fair market value for the property.
• The size, condition, and specification of 6 SPRINGBANK has not materially changed since October 2016.

How Large is 6 SPRINGBANK?

6 SPRINGBANK is 88m² according to the EPC inspection conducted in March 2016. This puts it in the smallest 20% of detached houses houses in Chichester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chichester, and where 6 SPRINGBANK lies on this distribution: 16% of detached houses houses are smaller than 6 SPRINGBANK, and 84% of houses are larger. Note that EPC data is not available for all properties in Chichester.

6 SPRINGBANK: Plot and Title Map

6 SPRINGBANK sits on a plot of roughly 0.065 of an acre, or 264m². The below map shows the location of 6 SPRINGBANK, 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 6 SPRINGBANK). 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 6 SPRINGBANK?

6 SPRINGBANK is located in CHICHESTER, in the PO19 postcode district. The below map shows the position of No. 6 on SPRINGBANK.