LODGE COTTAGE, CHURCH LANE, OVING, CHICHESTER, PO20 2DG - £345,000

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

LODGE COTTAGE is a very small extended detached house of 95m², built sometime between 1976 and 1982. It was last sold for £345,000 in April 2007, which was around 17% below the average April 2007 detached price in the Chichester local authority area. The most recent EPC inspection was November 2022, where the current energy rating was D, and the potential energy rating was B.

LODGE COTTAGE Sold Prices

Land registry data shows three sales for LODGE COTTAGE 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 LODGE COTTAGE 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
2007 17 APR	£345,000	£413,862	17% below HPI
2004 28 APR	£325,000	£350,926	7% below HPI
1997 28 NOV	£159,000	£155,703	2% above HPI

LODGE COTTAGE 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 LODGE COTTAGE sales between November 1997 and April 2007 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 April 2004 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the April 2007 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is LODGE COTTAGE?

LODGE COTTAGE is 95m², which includes one extension, according to the EPC inspection conducted in November 2022. This puts it in the smallest 20% of detached houses in Oving, based on EPC data. The below chart shows the distribution of detached houses by size in Oving, and where LODGE COTTAGE lies on this distribution: 17% of detached houses are smaller than LODGE COTTAGE, and 83% of houses are larger. Note that EPC data is not available for all properties in Oving.

LODGE COTTAGE: Plot and Title Map

LODGE COTTAGE sits on a plot of roughly 0.107 of an acre, or 433m². The below map shows the location of LODGE COTTAGE, 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 LODGE COTTAGE). 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 LODGE COTTAGE?

LODGE COTTAGE is located on CHURCH LANE in OVING, in the PO20 postcode district. The below map shows the position of LODGE COTTAGE on CHURCH LANE.