8, NICOLSON CLOSE, TANGMERE, CHICHESTER, PO20 2LA - £249,950

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

8 NICOLSON CLOSE is a very small detached house of 77m², built sometime between 1983 and 1990. It was last sold for £249,950 in October 2007, which was around 43% below the average October 2007 detached price in the Chichester local authority area. The most recent EPC inspection was November 2014, where the current energy rating was D, and the potential energy rating was B.

8 NICOLSON CLOSE Sold Prices

Land registry data shows two sales for 8 NICOLSON 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 8 NICOLSON 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
2007 12 OCT	£249,950	£440,052	43% below HPI
2002 12 APR	£150,000	£267,099	44% below HPI

8 NICOLSON 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 8 NICOLSON CLOSE sales from April 2002 and October 2007 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 2002 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the October 2007 sale, where it rises to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is 8 NICOLSON CLOSE?

8 NICOLSON CLOSE is 77m² according to the EPC inspection conducted in November 2014. This puts it in the smallest 10% of detached houses in Tangmere, based on EPC data. The below chart shows the distribution of detached houses by size in Tangmere, and where 8 NICOLSON CLOSE lies on this distribution: 5% of detached houses are smaller than 8 NICOLSON CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Tangmere.

8 NICOLSON CLOSE: Plot and Title Map

8 NICOLSON CLOSE sits on a plot of roughly 0.050 of an acre, or 204m². The below map shows the location of 8 NICOLSON 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 8 NICOLSON 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 8 NICOLSON CLOSE?

8 NICOLSON CLOSE is located in TANGMERE, in the PO20 postcode district. The below map shows the position of No. 8 on NICOLSON CLOSE.