CYGNET COTTAGE, MILL LANE, RUNCTON, CHICHESTER, PO20 1PP - £245,000

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.

CYGNET COTTAGE is a very small extended detached house of 44m², built sometime before 1900, which could now be worth an estimated £287,124. It was last sold for £245,000 in September 2019, which was around 60% below the average September 2019 detached price in the Chichester local authority area. The most recent EPC inspection was September 2009, where the current energy rating was E, and the potential energy rating was D.

CYGNET COTTAGE Sold Prices

Land registry data shows four sales for CYGNET COTTAGE 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 CYGNET 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
2019 23 SEP	£245,000	£611,621	60% below HPI
2016 12 DEC	£227,500	£562,715	60% below HPI
2011 16 DEC	£147,000	£444,540	67% below HPI
1998 27 FEB	£71,000	£163,181	56% below HPI

CYGNET 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 four CYGNET COTTAGE sales between February 1998 and September 2019 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 December 2016 sale was for 60% below the HPI. So the extrapolation line tracks at 60% below the HPI over time, until the September 2019 sale, which was also at 60% below the HPI.

What might CYGNET COTTAGE be worth now?

CYGNET COTTAGE might now be worth an estimated £287,124.

This is based on house price inflation of 17.2%, between September 2019 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 17.2% inflationary increase is applied to the most recent sale price for CYGNET COTTAGE of £245,000 on 23rd September 2019. For the value to have increased from £245,000 to £287,124 over the six years and seven months to February 2025, the following assumptions must hold true:

• The value of CYGNET COTTAGE has moved in line with the HPI for detached houses in the Chichester local authority area.
• The September 2019 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of CYGNET COTTAGE has not materially changed since September 2019.

How Large is CYGNET COTTAGE?

CYGNET COTTAGE is 44m², which includes one extension, according to the EPC inspection conducted in September 2009. This puts it in the smallest 10% of detached houses houses in Runcton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Runcton, and where CYGNET COTTAGE lies on this distribution: Less than 1% of detached houses houses are smaller than CYGNET COTTAGE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Runcton.

CYGNET COTTAGE: Plot and Title Map

CYGNET COTTAGE sits on a plot of roughly 0.019 of an acre, or 76m². The below map shows the location of CYGNET 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 CYGNET 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 CYGNET COTTAGE?

CYGNET COTTAGE is located on MILL LANE in RUNCTON, in the PO20 postcode district. The below map shows the position of CYGNET COTTAGE on MILL LANE.