FOLLY HOUSE, FONTWELL AVENUE, EASTERGATE, CHICHESTER, PO20 3RU - £725,000

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

FOLLY HOUSE is a very large extended detached house of 241m², built sometime between 1900 and 1929. It was last sold for £725,000 in November 2017, which was around 62% above the average November 2017 detached price in the Arun local authority area. The most recent EPC inspection was June 2017, where the current energy rating was E, and the potential energy rating was C.

FOLLY HOUSE Sold Prices

Land registry data shows two sales for FOLLY HOUSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Arun local authority area for the corresponding sale date. Both of the two FOLLY HOUSE sales were 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 3 NOV	£725,000	£448,842	62% above HPI
1997 15 MAY	£248,000	£106,097	134% above HPI

FOLLY HOUSE 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 two FOLLY HOUSE sales from May 1997 and November 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 May 1997 sale was for 134% above the HPI. So the extrapolation line tracks at 134% above the HPI over time, until the November 2017 sale, where it falls to 62% above the HPI. The line then continues to track at 62% above the HPI.

How Large is FOLLY HOUSE?

FOLLY HOUSE is 241m², which includes two extensions, according to the EPC inspection conducted in June 2017. This puts it in the largest 10% of detached houses in Eastergate, based on EPC data. The below chart shows the distribution of detached houses by size in Eastergate, and where FOLLY HOUSE lies on this distribution: 98% of detached houses are smaller than FOLLY HOUSE, and 2% of houses are larger. Note that EPC data is not available for all properties in Eastergate.

FOLLY HOUSE: Plot and Title Map

FOLLY HOUSE sits on a plot of roughly 0.298 of an acre, or 1,204m². The below map shows the location of FOLLY HOUSE, 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 FOLLY HOUSE). 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 FOLLY HOUSE?

FOLLY HOUSE is located on FONTWELL AVENUE in EASTERGATE, in the PO20 postcode district. The below map shows the position of FOLLY HOUSE on FONTWELL AVENUE.