CHERRYWOOD, WESTERGATE STREET, WESTERGATE, CHICHESTER, PO20 3RH - £425,000

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

CHERRYWOOD is a very large extended detached house of 161m², built sometime between 1930 and 1949. It was last sold for £425,000 in April 2017, which was around 1% below the average April 2017 detached price in the Arun local authority area. The most recent EPC inspection was May 2012, where the current energy rating was D, and the potential energy rating was C.

CHERRYWOOD Sold Prices

Land registry data shows three sales for CHERRYWOOD 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. Two of the three CHERRYWOOD sales were for below the average price, whilst one was for above 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
2017 13 APR	£425,000	£427,213	1% below HPI
2013 14 JUN	£358,000	£330,763	8% above HPI
1997 20 JUN	£80,000	£106,826	25% below HPI

CHERRYWOOD 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 CHERRYWOOD sales between June 1997 and April 2017 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 June 2013 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the April 2017 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is CHERRYWOOD?

CHERRYWOOD is 161m², which includes one extension, according to the EPC inspection conducted in May 2012. This puts it in the largest 10% of detached houses in Westergate, based on EPC data. The below chart shows the distribution of detached houses by size in Westergate, and where CHERRYWOOD lies on this distribution: 91% of detached houses are smaller than CHERRYWOOD, and 9% of houses are larger. Note that EPC data is not available for all properties in Westergate.

CHERRYWOOD: Plot and Title Map

CHERRYWOOD sits on a plot of roughly 0.153 of an acre, or 620m². The below map shows the location of CHERRYWOOD, 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 CHERRYWOOD). 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 CHERRYWOOD?

CHERRYWOOD is located on WESTERGATE STREET in WESTERGATE, in the PO20 postcode district. The below map shows the position of CHERRYWOOD on WESTERGATE STREET.