BAY TREE COTTAGE, ROSEMARY LANE, PETWORTH, GU28 0AY - £565,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

BAY TREE COTTAGE is a very small detached house of 82m², built sometime between 1983 and 1990, which could now be worth an estimated £647,042. It was last sold for £565,000 in April 2021, which was around 10% below the average April 2021 detached price in the Chichester local authority area. The most recent EPC inspection was October 2020, where the current energy rating was D, and the potential energy rating was B.

BAY TREE COTTAGE Sold Prices

Land registry data shows two sales for BAY TREE COTTAGE 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 BAY TREE COTTAGE 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
2021 16 APR	£565,000	£625,896	10% below HPI
2006 12 FEB	£355,000	£359,769	1% below HPI

BAY TREE COTTAGE 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 BAY TREE COTTAGE sales from February 2006 and April 2021 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 2006 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the April 2021 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might BAY TREE COTTAGE be worth now?

BAY TREE COTTAGE might now be worth an estimated £647,042.

This is based on house price inflation of 14.5%, between April 2021 and February 2025, 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 14.5% inflationary increase is applied to the most recent sale price for BAY TREE COTTAGE of £565,000 on 16th April 2021. For the value to have increased from £565,000 to £647,042 over the four years and two months to February 2025, the following assumptions must hold true:

• The value of BAY TREE COTTAGE has moved in line with the HPI for detached houses in the Chichester local authority area.
• The April 2021 sale price of £565,000 represented a fair market value for the property.
• The size, condition, and specification of BAY TREE COTTAGE has not materially changed since April 2021.

How Large is BAY TREE COTTAGE?

BAY TREE COTTAGE is 82m² according to the EPC inspection conducted in October 2020. This puts it in the smallest 20% of detached houses houses in Petworth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Petworth, and where BAY TREE COTTAGE lies on this distribution: 12% of detached houses houses are smaller than BAY TREE COTTAGE, and 88% of houses are larger. Note that EPC data is not available for all properties in Petworth.

BAY TREE COTTAGE: Plot and Title Map

BAY TREE COTTAGE sits on a plot of roughly 0.085 of an acre, or 345m². The below map shows the location of BAY TREE COTTAGE, 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 BAY TREE COTTAGE). 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 BAY TREE COTTAGE?

BAY TREE COTTAGE is located on ROSEMARY LANE in PETWORTH, in the GU28 postcode district. The below map shows the position of BAY TREE COTTAGE on ROSEMARY LANE.