GREENBANKS, TANGMERE ROAD, TANGMERE, CHICHESTER, PO20 2HW - £385,000

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

GREENBANKS is a small extended detached house of 102m², built sometime between 1983 and 1990. It was last sold for £385,000 in January 2016, which was around 28% below the average January 2016 detached price in the Chichester local authority area. The most recent EPC inspection was November 2013, where the current energy rating was D, and the potential energy rating was B.

GREENBANKS Sold Prices

Land registry data shows three sales for GREENBANKS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Chichester local authority area for the corresponding sale date. All of the three GREENBANKS 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
2016 8 JAN	£385,000	£534,269	28% below HPI
2002 5 NOV	£238,000	£316,266	25% below HPI
1995 1 DEC	£103,500	£128,303	19% below HPI

GREENBANKS 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 three GREENBANKS sales between December 1995 and January 2016 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 November 2002 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the January 2016 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is GREENBANKS?

GREENBANKS is 102m², which includes one extension, according to the EPC inspection conducted in November 2013. This puts it in the smallest 30% of detached houses in Tangmere, based on EPC data. The below chart shows the distribution of detached houses by size in Tangmere, and where GREENBANKS lies on this distribution: 28% of detached houses are smaller than GREENBANKS, and 71% of houses are larger. Note that EPC data is not available for all properties in Tangmere.

GREENBANKS: Plot and Title Map

GREENBANKS sits on a plot of roughly 0.096 of an acre, or 389m². The below map shows the location of GREENBANKS, 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 GREENBANKS). 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 GREENBANKS?

GREENBANKS is located on TANGMERE ROAD in TANGMERE, in the PO20 postcode district. The below map shows the position of GREENBANKS on TANGMERE ROAD.