CANDLE COTTAGE, HIGH STREET, PETWORTH, GU28 0AU - £545,000

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

CANDLE COTTAGE is a very small extended detached house of 64m², built sometime before 1900. It was last sold for £545,000 in November 2023, which was around 24% below the average November 2023 detached price in the Chichester local authority area. The most recent EPC inspection was October 2018, where the current energy rating was E, and the potential energy rating was B.

CANDLE COTTAGE Sold Prices

Land registry data shows three sales for CANDLE COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Chichester local authority area for the corresponding sale date. All of the three CANDLE 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
2023 30 NOV	£545,000	£715,816	24% below HPI
2005 28 SEP	£278,000	£375,279	26% below HPI
2005 14 JAN	£180,000	£373,254	52% below HPI

CANDLE 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 three CANDLE COTTAGE sales between January 2005 and November 2023 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 September 2005 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the November 2023 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is CANDLE COTTAGE?

CANDLE COTTAGE is 64m², which includes one extension, according to the EPC inspection conducted in October 2018. This puts it in the smallest 10% of detached houses in Petworth, based on EPC data. The below chart shows the distribution of detached houses by size in Petworth, and where CANDLE COTTAGE lies on this distribution: 4% of detached houses are smaller than CANDLE COTTAGE, and 96% of houses are larger. Note that EPC data is not available for all properties in Petworth.

CANDLE COTTAGE: Plot and Title Map

CANDLE COTTAGE sits on a plot of roughly 0.023 of an acre, or 94m². The below map shows the location of CANDLE 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 CANDLE 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 CANDLE COTTAGE?

CANDLE COTTAGE is located on HIGH STREET in PETWORTH, in the GU28 postcode district. The below map shows the position of CANDLE COTTAGE on HIGH STREET.