MAGNOLIAS, CHURCH FARM LANE, EAST WITTERING, CHICHESTER, PO20 8PT - £526,000

MAGNOLIAS is a very large detached house of 188m², built sometime between 1967 and 1975. It was last sold for £526,000 in November 2016, which was around 6% below the average November 2016 detached price in the Chichester local authority area. The most recent EPC inspection was February 2017, where the current energy rating was D, and the potential energy rating was A.

MAGNOLIAS Sold Prices

Land registry data shows three sales for MAGNOLIAS 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. One of the three MAGNOLIAS sales was for below the average price, whilst two 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
2016 4 NOV	£526,000	£560,546	6% below HPI
2005 26 AUG	£400,000	£371,223	8% above HPI
1995 23 MAY	£159,500	£124,916	28% above HPI

MAGNOLIAS 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 MAGNOLIAS sales between May 1995 and November 2016 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 August 2005 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the November 2016 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is MAGNOLIAS?

MAGNOLIAS is 188m² according to the EPC inspection conducted in February 2017. This puts it in the largest 10% of detached houses in East Wittering, based on EPC data. The below chart shows the distribution of detached houses by size in East Wittering, and where MAGNOLIAS lies on this distribution: 90% of detached houses are smaller than MAGNOLIAS, and 9% of houses are larger. Note that EPC data is not available for all properties in East Wittering.

MAGNOLIAS: Plot and Title Map

MAGNOLIAS sits on a plot of roughly 0.175 of an acre, or 707m². The below map shows the location of MAGNOLIAS, 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 MAGNOLIAS). 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 MAGNOLIAS?

MAGNOLIAS is located on CHURCH FARM LANE in EAST WITTERING, in the PO20 postcode district. The below map shows the position of MAGNOLIAS on CHURCH FARM LANE.