IKOYI, BROAD ROAD, HAMBROOK, CHICHESTER, PO18 8RG - £435,000

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

IKOYI is a large extended detached house of 149m², built sometime between 1967 and 1975. It was last sold for £435,000 in October 2011, which was around 2% below the average October 2011 detached price in the Chichester local authority area. The most recent EPC inspection was May 2011, where the current energy rating was D, and the potential energy rating was D.

IKOYI Sold Prices

Land registry data shows three sales for IKOYI 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 IKOYI 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
2011 27 OCT	£435,000	£445,941	2% below HPI
2002 26 JUN	£259,995	£271,972	4% below HPI
1996 28 JUN	£107,250	£131,580	18% below HPI

IKOYI 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 IKOYI sales between June 1996 and October 2011 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 2002 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the October 2011 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is IKOYI?

IKOYI is 149m², which includes two extensions, according to the EPC inspection conducted in May 2011. This puts it in the largest 40% of detached houses in Hambrook, based on EPC data. The below chart shows the distribution of detached houses by size in Hambrook, and where IKOYI lies on this distribution: 61% of detached houses are smaller than IKOYI, and 39% of houses are larger. Note that EPC data is not available for all properties in Hambrook.

IKOYI: Plot and Title Map

IKOYI sits on a plot of roughly 0.228 of an acre, or 925m². The below map shows the location of IKOYI, 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 IKOYI). 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 IKOYI?

IKOYI is located on BROAD ROAD in HAMBROOK, in the PO18 postcode district. The below map shows the position of IKOYI on BROAD ROAD.