MILLBANK, PRIORS LEAZE LANE, HAMBROOK, CHICHESTER, PO18 8RQ - £476,000

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

MILLBANK is a large extended detached house of 154m², built sometime before 1900. It was last sold for £476,000 in October 2015, which was around 11% below the average October 2015 detached price in the Chichester local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was C.

MILLBANK Sold Prices

Land registry data shows two sales for MILLBANK 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 MILLBANK 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
2015 21 OCT	£476,000	£535,382	11% below HPI
2012 30 OCT	£359,000	£461,157	22% below HPI

MILLBANK 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 MILLBANK sales from October 2012 and October 2015 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 October 2012 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the October 2015 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is MILLBANK?

MILLBANK is 154m², which includes two extensions, according to the EPC inspection conducted in March 2016. This puts it in the largest 40% of detached houses in Hambrook, based on EPC data. The below chart shows the distribution of detached houses by size in Hambrook, and where MILLBANK lies on this distribution: 64% of detached houses are smaller than MILLBANK, and 36% of houses are larger. Note that EPC data is not available for all properties in Hambrook.

MILLBANK: Plot and Title Map

MILLBANK sits on a plot of roughly 0.152 of an acre, or 614m². The below map shows the location of MILLBANK, 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 MILLBANK). 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 MILLBANK?

MILLBANK is located on PRIORS LEAZE LANE in HAMBROOK, in the PO18 postcode district. The below map shows the position of MILLBANK on PRIORS LEAZE LANE.