MILL HOUSE COTTAGE, MILL LANE, RUNCTON, CHICHESTER, PO20 1PP - £225,000

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

MILL HOUSE COTTAGE is a very small extended detached house of 89m², built sometime between 1930 and 1949. It was last sold for £225,000 in September 2000, which was around 3% below the average September 2000 detached price in the Chichester local authority area. The most recent EPC inspection was January 2024, where the current energy rating was D, and the potential energy rating was C.

MILL HOUSE COTTAGE Sold Prices

Land registry data shows two sales for MILL HOUSE 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. Both of the two MILL HOUSE COTTAGE 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
2000 13 SEP	£225,000	£231,732	3% below HPI
1996 26 MAR	£125,000	£133,170	6% below HPI

MILL HOUSE 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 MILL HOUSE COTTAGE sales from March 1996 and September 2000 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 March 1996 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the September 2000 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is MILL HOUSE COTTAGE?

MILL HOUSE COTTAGE is 89m², which includes two extensions, according to the EPC inspection conducted in January 2024. This puts it in the smallest 10% of detached houses in Runcton, based on EPC data. The below chart shows the distribution of detached houses by size in Runcton, and where MILL HOUSE COTTAGE lies on this distribution: 5% of detached houses are smaller than MILL HOUSE COTTAGE, and 93% of houses are larger. Note that EPC data is not available for all properties in Runcton.

MILL HOUSE COTTAGE: Plot and Title Map

MILL HOUSE COTTAGE sits on a plot of roughly 0.131 of an acre, or 531m². The below map shows the location of MILL HOUSE 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 MILL HOUSE 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 MILL HOUSE COTTAGE?

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