MERRYWOOD, THE DRIVE, IFOLD, BILLINGSHURST, RH14 0TA - £855,000

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

MERRYWOOD is a very large extended detached house of 282m², built sometime between 2003 and 2006. It was last sold for £855,000 in June 2020, which was around 34% above the average June 2020 detached price in the Chichester local authority area. The most recent EPC inspection was April 2024, where the current energy rating was B, and the potential energy rating was B.

MERRYWOOD Sold Prices

Land registry data shows four sales for MERRYWOOD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Chichester local authority area for the corresponding sale date. Most of the four MERRYWOOD sales 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
2020 23 JUN	£855,000	£635,888	34% above HPI
2013 5 APR	£765,000	£433,413	77% above HPI
2005 4 MAR	£662,450	£359,924	84% above HPI
2003 5 JUN	£285,000	£327,505	13% below HPI

MERRYWOOD 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 four MERRYWOOD sales between June 2003 and June 2020 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 2013 sale was for 77% above the HPI. So the extrapolation line tracks at 77% above the HPI over time, until the June 2020 sale, where it falls to 34% above the HPI. The line then continues to track at 34% above the HPI.

How Large is MERRYWOOD?

MERRYWOOD is 282m², which includes two extensions, according to the EPC inspection conducted in April 2024. This puts it in the largest 10% of detached houses in Ifold, based on EPC data. The below chart shows the distribution of detached houses by size in Ifold, and where MERRYWOOD lies on this distribution: 93% of detached houses are smaller than MERRYWOOD, and 7% of houses are larger. Note that EPC data is not available for all properties in Ifold.

MERRYWOOD: Plot and Title Map

MERRYWOOD sits on a plot of roughly 0.340 of an acre, or 1,376m². The below map shows the location of MERRYWOOD, 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 MERRYWOOD). 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 MERRYWOOD?

MERRYWOOD is located on THE DRIVE in IFOLD, in the RH14 postcode district. The below map shows the position of MERRYWOOD on THE DRIVE.