GREEN ACRE, SCHOOL LANE, STEDHAM, MIDHURST, GU29 0NZ - £709,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

GREEN ACRE is a small extended detached house of 117m², built sometime between 1950 and 1966. It was last sold for £709,000 in November 2021, which was around 8% above the average November 2021 detached price in the Chichester local authority area. The most recent EPC inspection was September 2021, where the current energy rating was C, and the potential energy rating was A.

GREEN ACRE Sold Prices

Land registry data shows four sales for GREEN ACRE 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 GREEN ACRE 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 24 NOV	£709,000	£653,901	8% above HPI
2015 13 MAR	£392,000	£504,297	22% below HPI
2010 23 APR	£300,000	£414,861	28% below HPI
1997 27 MAY	£110,000	£146,183	25% below HPI

GREEN ACRE 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 GREEN ACRE sales between May 1997 and November 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 March 2015 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the November 2021 sale, where it rises to 8% above the HPI. The line then continues to track at 8% above the HPI.

How Large is GREEN ACRE?

GREEN ACRE is 117m², which includes one extension, according to the EPC inspection conducted in September 2021. This puts it in the smallest 40% of detached houses in Stedham, based on EPC data. The below chart shows the distribution of detached houses by size in Stedham, and where GREEN ACRE lies on this distribution: 37% of detached houses are smaller than GREEN ACRE, and 63% of houses are larger. Note that EPC data is not available for all properties in Stedham.

GREEN ACRE: Plot and Title Map

GREEN ACRE sits on a plot of roughly 0.310 of an acre, or 1,253m². The below map shows the location of GREEN ACRE, 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 GREEN ACRE). 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 GREEN ACRE?

GREEN ACRE is located on SCHOOL LANE in STEDHAM, in the GU29 postcode district. The below map shows the position of GREEN ACRE on SCHOOL LANE.