HIERIST, GRAFFHAM, PETWORTH, GU28 0QE - £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

HIERIST is a very small detached house of 101m², built sometime between 1950 and 1966. It was last sold for £580,000 in October 2022, which was around 20% below the average October 2022 detached price in the Chichester local authority area. The most recent EPC inspection was March 2022, where the current energy rating was E, and the potential energy rating was C.

HIERIST Sold Prices

Land registry data shows three sales for HIERIST 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. Two of the three HIERIST sales were for below the average price, whilst one was 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
2022 4 OCT	£580,000	£725,087	20% below HPI
2007 27 JUL	£450,000	£423,459	6% above HPI
2007 23 MAR	£315,000	£416,699	24% below HPI

HIERIST 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 HIERIST sales between March 2007 and October 2022 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 July 2007 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the October 2022 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is HIERIST?

HIERIST is 101m² according to the EPC inspection conducted in March 2022. This puts it in the smallest 10% of detached houses in Graffham, based on EPC data. The below chart shows the distribution of detached houses by size in Graffham, and where HIERIST lies on this distribution: 8% of detached houses are smaller than HIERIST, and 92% of houses are larger. Note that EPC data is not available for all properties in Graffham.

HIERIST: Plot and Title Map

HIERIST sits on a plot of roughly 0.133 of an acre, or 538m². The below map shows the location of HIERIST, 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 HIERIST). 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 HIERIST?

HIERIST is located in GRAFFHAM, in the GU28 postcode district. The below map shows the position of HIERIST in GRAFFHAM.