HARDACRES, THE DRIVE, IFOLD, BILLINGSHURST, RH14 0TE - £535,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

HARDACRES is a very small detached house of 81m², built sometime between 1950 and 1966, which could now be worth an estimated £642,436. It was last sold for £535,000 in March 2017, which was around 10% below the average March 2017 detached price in the Chichester local authority area. The most recent EPC inspection was March 2012, where the current energy rating was D, and the potential energy rating was C.

HARDACRES Sold Prices

Land registry data shows four sales for HARDACRES 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 HARDACRES 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
2017 22 MAR	£535,000	£596,911	10% below HPI
2012 21 JUN	£437,500	£451,020	3% below HPI
2001 12 FEB	£250,000	£228,677	9% above HPI
1997 30 JUN	£130,000	£150,553	14% below HPI

HARDACRES 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 HARDACRES sales between June 1997 and March 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 June 2012 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the March 2017 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might HARDACRES be worth now?

HARDACRES might now be worth an estimated £642,436.

This is based on house price inflation of 20.1%, between March 2017 and February 2025, for detached houses, in the Chichester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 20.1% inflationary increase is applied to the most recent sale price for HARDACRES of £535,000 on 22nd March 2017. For the value to have increased from £535,000 to £642,436 over the eight years and one month to February 2025, the following assumptions must hold true:

• The value of HARDACRES has moved in line with the HPI for detached houses in the Chichester local authority area.
• The March 2017 sale price of £535,000 represented a fair market value for the property.
• The size, condition, and specification of HARDACRES has not materially changed since March 2017.

How Large is HARDACRES?

HARDACRES is 81m² according to the EPC inspection conducted in March 2012. This puts it in the smallest 10% of detached houses houses in Ifold, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ifold, and where HARDACRES lies on this distribution: Less than 1% of detached houses houses are smaller than HARDACRES, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Ifold.

HARDACRES: Plot and Title Map

HARDACRES sits on a plot of roughly 0.330 of an acre, or 1,336m². The below map shows the location of HARDACRES, 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 HARDACRES). 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 HARDACRES?

HARDACRES is located on THE DRIVE in IFOLD, in the RH14 postcode district. The below map shows the position of HARDACRES on THE DRIVE.