GATE LODGE, FUNTINGTON, CHICHESTER, PO18 9LL - £580,000

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

GATE LODGE is a small detached house of 151m², built sometime between 1976 and 1982. It was last sold for £580,000 in February 2018, which was around 2% below the average February 2018 detached price in the Chichester local authority area. The most recent EPC inspection was September 2024, where the current energy rating was D, and the potential energy rating was C.

GATE LODGE Sold Prices

Land registry data shows four sales for GATE LODGE 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. Most of the four GATE LODGE 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
2018 9 FEB	£580,000	£592,381	2% below HPI
2003 22 AUG	£375,000	£346,359	8% above HPI
2000 19 SEP	£305,000	£231,732	32% above HPI
1997 4 JUL	£170,000	£152,203	12% above HPI

GATE LODGE 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 GATE LODGE sales between July 1997 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 August 2003 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the February 2018 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is GATE LODGE?

GATE LODGE is 151m² according to the EPC inspection conducted in September 2024. This puts it in the smallest 30% of detached houses in Funtington, based on EPC data. The below chart shows the distribution of detached houses by size in Funtington, and where GATE LODGE lies on this distribution: 28% of detached houses are smaller than GATE LODGE, and 72% of houses are larger. Note that EPC data is not available for all properties in Funtington.

GATE LODGE: Plot and Title Map

GATE LODGE sits on a plot of roughly 0.106 of an acre, or 429m². The below map shows the location of GATE LODGE, 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 GATE LODGE). 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 GATE LODGE?

GATE LODGE is located in FUNTINGTON, in the PO18 postcode district. The below map shows the position of GATE LODGE in FUNTINGTON.