MAY COTTAGE, RUNCTON LANE, RUNCTON, CHICHESTER, PO20 1PT - £433,000

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

MAY COTTAGE is a very small extended detached house of 92m², built sometime between 1930 and 1949. It was last sold for £433,000 in July 2007, which was around 2% above the average July 2007 detached price in the Chichester local authority area. The most recent EPC inspection was September 2017, where the current energy rating was D, and the potential energy rating was A.

MAY COTTAGE Sold Prices

Land registry data shows two sales for MAY COTTAGE 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. One of the two MAY COTTAGE sales was for above the average price, whilst the other was 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 27 JUL	£433,000	£423,459	2% above HPI
2001 24 AUG	£200,000	£254,353	21% below HPI

MAY 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 two MAY COTTAGE sales from August 2001 and July 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 August 2001 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the July 2007 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

How Large is MAY COTTAGE?

MAY COTTAGE is 92m², which includes one extension, according to the EPC inspection conducted in September 2017. This puts it in the smallest 20% of detached houses in Runcton, based on EPC data. The below chart shows the distribution of detached houses by size in Runcton, and where MAY COTTAGE lies on this distribution: 12% of detached houses are smaller than MAY COTTAGE, and 86% of houses are larger. Note that EPC data is not available for all properties in Runcton.

MAY COTTAGE: Plot and Title Map

MAY COTTAGE sits on a plot of roughly 0.264 of an acre, or 1,070m². The below map shows the location of MAY 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 MAY 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 MAY COTTAGE?

MAY COTTAGE is located on RUNCTON LANE in RUNCTON, in the PO20 postcode district. The below map shows the position of MAY COTTAGE on RUNCTON LANE.