HIGH TREES, FIVE ACRES CLOSE, FUNTINGTON, CHICHESTER, PO18 9LX - £1,625,000

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

HIGH TREES is a very large extended detached house of 425m², built sometime between 1950 and 1966. It was last sold for £1,625,000 in November 2022, which was around 124% above the average November 2022 detached price in the Chichester local authority area. The most recent EPC inspection was November 2013, where the current energy rating was C, and the potential energy rating was C.

HIGH TREES Sold Prices

Land registry data shows four sales for HIGH TREES 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 HIGH TREES sales were 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 NOV	£1,625,000	£723,944	124% above HPI
2020 24 JUL	£1,245,000	£599,046	108% above HPI
2010 9 NOV	£950,000	£443,598	114% above HPI
2000 4 DEC	£750,000	£240,982	211% above HPI

HIGH TREES 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 HIGH TREES sales between December 2000 and November 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 2020 sale was for 108% above the HPI. So the extrapolation line tracks at 108% above the HPI over time, until the November 2022 sale, where it rises to 124% above the HPI. The line then continues to track at 124% above the HPI.

How Large is HIGH TREES?

HIGH TREES is 425m², which includes two extensions, according to the EPC inspection conducted in November 2013. This puts it in the largest 10% of detached houses in Funtington, based on EPC data. The below chart shows the distribution of detached houses by size in Funtington, and where HIGH TREES lies on this distribution: 97% of detached houses are smaller than HIGH TREES, and 3% of houses are larger. Note that EPC data is not available for all properties in Funtington.

HIGH TREES: Plot and Title Map

HIGH TREES sits on a plot of roughly 0.794 of an acre, or 3,213m². The below map shows the location of HIGH TREES, 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 HIGH TREES). 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 HIGH TREES?

HIGH TREES is located on FIVE ACRES CLOSE in FUNTINGTON, in the PO18 postcode district. The below map shows the position of HIGH TREES on FIVE ACRES CLOSE.