LAGMILL, THE BRIDGEWAY, SELSEY, CHICHESTER, PO20 0LQ - £175,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

LAGMILL is a large extended detached house of 131m², built sometime between 1967 and 1975. It was last sold for £175,000 in July 2006, which was around 56% below the average July 2006 detached price in the Chichester local authority area. The most recent EPC inspection was August 2011, where the current energy rating was C, and the potential energy rating was C.

LAGMILL Sold Prices

Land registry data shows two sales for LAGMILL since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Chichester local authority area for the corresponding sale date. Both of the two LAGMILL 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
2006 6 JUL	£175,000	£402,088	56% below HPI
1999 26 OCT	£110,000	£202,275	46% below HPI

LAGMILL 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 two LAGMILL sales from October 1999 and July 2006 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 October 1999 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the July 2006 sale, where it falls to 56% below the HPI. The line then continues to track at 56% below the HPI.

What might LAGMILL be worth now?

LAGMILL might now be worth an estimated £308,116.

This is based on house price inflation of 76.1%, between July 2006 and December 2024, 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 76.1% inflationary increase is applied to the most recent sale price for LAGMILL of £175,000 on 6th July 2006. For the value to have increased from £175,000 to £308,116 over the seventeen years and seven months to December 2024, the following assumptions must hold true:

• The value of LAGMILL has moved in line with the HPI for detached houses in the Chichester local authority area.
• The July 2006 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of LAGMILL has not materially changed since July 2006.

How Large is LAGMILL?

LAGMILL is 131m², which includes three extensions, according to the EPC inspection conducted in August 2011. This puts it in the largest 30% of detached houses houses in Selsey, based on EPC data. The below chart shows the distribution of detached houses houses by size in Selsey, and where LAGMILL lies on this distribution: 71% of detached houses houses are smaller than LAGMILL, and 29% of houses are larger. Note that EPC data is not available for all properties in Selsey.

LAGMILL: Plot and Title Map

LAGMILL sits on a plot of roughly 0.101 of an acre, or 409m². The below map shows the location of LAGMILL, 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 LAGMILL). 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 LAGMILL?

LAGMILL is located on THE BRIDGEWAY in SELSEY, in the PO20 postcode district. The below map shows the position of LAGMILL on THE BRIDGEWAY.