DEMACROFT, POND ROAD, BRACKLESHAM BAY, CHICHESTER, PO20 8HR - £375,000

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.

DEMACROFT is a small detached house of 87m², built sometime between 1950 and 1966, which could now be worth an estimated £444,032. It was last sold for £375,000 in February 2018, which was around 38% below the average February 2018 detached price in the Chichester local authority area. The most recent EPC inspection was November 2017, where the current energy rating was C, and the potential energy rating was B.

DEMACROFT Sold Prices

Land registry data shows two sales for DEMACROFT 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 DEMACROFT 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
2018 23 FEB	£375,000	£605,345	38% below HPI
2015 10 APR	£250,000	£510,735	51% below HPI

DEMACROFT 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 DEMACROFT sales from April 2015 and February 2018 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 2015 sale was for 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the February 2018 sale, where it rises to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might DEMACROFT be worth now?

DEMACROFT might now be worth an estimated £444,032.

This is based on house price inflation of 18.4%, between February 2018 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 18.4% inflationary increase is applied to the most recent sale price for DEMACROFT of £375,000 on 23rd February 2018. For the value to have increased from £375,000 to £444,032 over the seven years to February 2025, the following assumptions must hold true:

• The value of DEMACROFT has moved in line with the HPI for detached houses in the Chichester local authority area.
• The February 2018 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of DEMACROFT has not materially changed since February 2018.

How Large is DEMACROFT?

DEMACROFT is 87m² according to the EPC inspection conducted in November 2017. This puts it in the smallest 30% of detached houses houses in East Wittering, based on EPC data. The below chart shows the distribution of detached houses houses by size in East Wittering, and where DEMACROFT lies on this distribution: 24% of detached houses houses are smaller than DEMACROFT, and 75% of houses are larger. Note that EPC data is not available for all properties in East Wittering.

DEMACROFT: Plot and Title Map

DEMACROFT sits on a plot of roughly 0.097 of an acre, or 391m². The below map shows the location of DEMACROFT, 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 DEMACROFT). 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 DEMACROFT?

DEMACROFT is located on POND ROAD in BRACKLESHAM BAY, in the PO20 postcode district. The below map shows the position of DEMACROFT on POND ROAD.