GIG HOUSE, STUBCROFT LANE, EAST WITTERING, CHICHESTER, PO20 8PJ - £575,000

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

GIG HOUSE is a very large extended detached house of 183m², built sometime between 1930 and 1949. It was last sold for £575,000 in December 2023, which was around 18% below the average December 2023 detached price in the Chichester local authority area. The most recent EPC inspection was October 2022, where the current energy rating was E, and the potential energy rating was B.

GIG HOUSE Sold Prices

Land registry data shows four sales for GIG HOUSE 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 GIG HOUSE 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
2023 4 DEC	£575,000	£699,650	18% below HPI
2004 9 JAN	£297,500	£358,969	17% below HPI
2001 7 SEP	£247,000	£258,178	4% below HPI
1998 25 SEP	£145,000	£172,287	16% below HPI

GIG HOUSE 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 GIG HOUSE sales between September 1998 and December 2023 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 January 2004 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the December 2023 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is GIG HOUSE?

GIG HOUSE is 183m², which includes two extensions, according to the EPC inspection conducted in October 2022. This puts it in the largest 20% of detached houses in East Wittering, based on EPC data. The below chart shows the distribution of detached houses by size in East Wittering, and where GIG HOUSE lies on this distribution: 90% of detached houses are smaller than GIG HOUSE, and 10% of houses are larger. Note that EPC data is not available for all properties in East Wittering.

GIG HOUSE: Plot and Title Map

GIG HOUSE sits on a plot of roughly 0.196 of an acre, or 793m². The below map shows the location of GIG 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 GIG 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 GIG HOUSE?

GIG HOUSE is located on STUBCROFT LANE in EAST WITTERING, in the PO20 postcode district. The below map shows the position of GIG HOUSE on STUBCROFT LANE.