7, OAK TREE LANE, WOODGATE, CHICHESTER, PO20 3GU - £360,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

7 OAK TREE LANE is a midsized extended detached house of 118m², built sometime between 1996 and 2002. It was last sold for £360,000 in July 2024, which was around 35% below the average July 2024 detached price in the Arun local authority area. The most recent EPC inspection was September 2017, where the current energy rating was C, and the potential energy rating was B.

7 OAK TREE LANE Sold Prices

Land registry data shows three sales for 7 OAK TREE LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Arun local authority area for the corresponding sale date. All of the three 7 OAK TREE LANE 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
2024 5 JUL	£360,000	£550,137	35% below HPI
2003 7 AUG	£180,000	£267,434	33% below HPI
1998 22 DEC	£90,000	£132,616	32% below HPI

7 OAK TREE LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Arun local authority area over time, sourced from the HPI. The three 7 OAK TREE LANE sales between December 1998 and July 2024 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 2003 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the July 2024 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 7 OAK TREE LANE?

7 OAK TREE LANE is 118m², which includes one extension, according to the EPC inspection conducted in September 2017. This puts it in the largest 50% of detached houses in Westergate, based on EPC data. The below chart shows the distribution of detached houses by size in Westergate, and where 7 OAK TREE LANE lies on this distribution: 54% of detached houses are smaller than 7 OAK TREE LANE, and 46% of houses are larger. Note that EPC data is not available for all properties in Westergate.

7 OAK TREE LANE: Plot and Title Map

7 OAK TREE LANE sits on a plot of roughly 0.045 of an acre, or 181m². The below map shows the location of 7 OAK TREE LANE, 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 7 OAK TREE LANE). 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 7 OAK TREE LANE?

7 OAK TREE LANE is located in WOODGATE, in the PO20 postcode district. The below map shows the position of No. 7 on OAK TREE LANE.