ERIKA, PARK AVENUE, SELSEY, CHICHESTER, PO20 0TB - £510,000

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.

ERIKA is a large extended detached house of 143m², built sometime between 1967 and 1975, which could now be worth an estimated £579,119. It was last sold for £510,000 in June 2021, which was around 19% below the average June 2021 detached price in the Chichester local authority area. The most recent EPC inspection was December 2016, where the current energy rating was C, and the potential energy rating was B.

ERIKA Sold Prices

Land registry data shows two sales for ERIKA 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 ERIKA 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 28 JUN	£510,000	£631,231	19% below HPI
2017 19 JUL	£400,000	£595,168	33% below HPI

ERIKA 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 ERIKA sales from July 2017 and June 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 July 2017 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the June 2021 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might ERIKA be worth now?

ERIKA might now be worth an estimated £579,119.

This is based on house price inflation of 13.6%, between June 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 13.6% inflationary increase is applied to the most recent sale price for ERIKA of £510,000 on 28th June 2021. For the value to have increased from £510,000 to £579,119 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of ERIKA has moved in line with the HPI for detached houses in the Chichester local authority area.
• The June 2021 sale price of £510,000 represented a fair market value for the property.
• The size, condition, and specification of ERIKA has not materially changed since June 2021.

How Large is ERIKA?

ERIKA is 143m², which includes one extension, according to the EPC inspection conducted in December 2016. This puts it in the largest 30% of detached houses houses in Selsey, based on EPC data. The below chart shows the distribution of detached houses houses by size in Selsey, and where ERIKA lies on this distribution: 77% of detached houses houses are smaller than ERIKA, and 22% of houses are larger. Note that EPC data is not available for all properties in Selsey.

ERIKA: Plot and Title Map

ERIKA sits on a plot of roughly 0.136 of an acre, or 551m². The below map shows the location of ERIKA, 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 ERIKA). 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 ERIKA?

ERIKA is located on PARK AVENUE in SELSEY, in the PO20 postcode district. The below map shows the position of ERIKA on PARK AVENUE.