7, THE CLOSE, SELSEY, CHICHESTER, PO20 0ET - £225,000

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

7 THE CLOSE is a very small extended detached house of 70m², built sometime between 1950 and 1966. It was last sold for £225,000 in November 2012, which was around 51% below the average November 2012 detached price in the Chichester local authority area. The most recent EPC inspection was December 2013, where the current energy rating was D, and the potential energy rating was B.

7 THE CLOSE Sold Prices

Land registry data shows four sales for 7 THE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Chichester local authority area for the corresponding sale date. All of the four 7 THE 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
2012 22 NOV	£225,000	£456,132	51% below HPI
2011 28 FEB	£206,000	£432,508	52% below HPI
2007 5 SEP	£223,000	£438,029	49% below HPI
1999 26 MAY	£87,000	£177,241	51% below HPI

7 THE 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 four 7 THE CLOSE sales between May 1999 and November 2012 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 February 2011 sale was for 52% below the HPI. So the extrapolation line tracks at 52% below the HPI over time, until the November 2012 sale, where it rises to 51% below the HPI. The line then continues to track at 51% below the HPI.

How Large is 7 THE CLOSE?

7 THE CLOSE is 70m², which includes one extension, according to the EPC inspection conducted in December 2013. This puts it in the smallest 20% of detached houses in Selsey, based on EPC data. The below chart shows the distribution of detached houses by size in Selsey, and where 7 THE CLOSE lies on this distribution: 12% of detached houses are smaller than 7 THE CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Selsey.

7 THE CLOSE: Plot and Title Map

7 THE CLOSE sits on a plot of roughly 0.109 of an acre, or 440m². The below map shows the location of 7 THE 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 7 THE 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 7 THE CLOSE?

7 THE CLOSE is located in SELSEY, in the PO20 postcode district. The below map shows the position of No. 7 on THE CLOSE.