MARGARITA, MILL LANE, SELSEY, CHICHESTER, PO20 9BQ - £160,000

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

MARGARITA is a very small detached house of 70m², built sometime between 1930 and 1949. It was last sold for £160,000 in June 2007, which was around 62% below the average June 2007 detached price in the Chichester local authority area. The most recent EPC inspection was April 2015, where the current energy rating was F, and the potential energy rating was E.

MARGARITA Sold Prices

Land registry data shows two sales for MARGARITA 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 MARGARITA 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
2007 29 JUN	£160,000	£419,031	62% below HPI
2000 10 NOV	£84,500	£240,399	65% below HPI

MARGARITA 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 MARGARITA sales from November 2000 and June 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 November 2000 sale was for 65% below the HPI. So the extrapolation line tracks at 65% below the HPI over time, until the June 2007 sale, where it rises to 62% below the HPI. The line then continues to track at 62% below the HPI.

How Large is MARGARITA?

MARGARITA is 70m² according to the EPC inspection conducted in April 2015. This puts it in the smallest 20% of detached houses in Selsey, based on EPC data. The below chart shows the distribution of detached houses by size in Selsey, and where MARGARITA lies on this distribution: 12% of detached houses are smaller than MARGARITA, and 87% of houses are larger. Note that EPC data is not available for all properties in Selsey.

MARGARITA: Plot and Title Map

MARGARITA sits on a plot of roughly 0.133 of an acre, or 538m². The below map shows the location of MARGARITA, 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 MARGARITA). 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 MARGARITA?

MARGARITA is located on MILL LANE in SELSEY, in the PO20 postcode district. The below map shows the position of MARGARITA on MILL LANE.