MILLRACE, BARNHAM ROAD, EASTERGATE, CHICHESTER, PO20 3RP - £319,500

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

MILLRACE is a small extended detached house of 91m², built sometime between 1930 and 1949. It was last sold for £319,500 in March 2014, which was around 7% below the average March 2014 detached price in the Arun local authority area. The most recent EPC inspection was June 2013, where the current energy rating was D, and the potential energy rating was B.

MILLRACE Sold Prices

Land registry data shows three sales for MILLRACE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Arun local authority area for the corresponding sale date. All of the three MILLRACE 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
2014 4 MAR	£319,500	£343,806	7% below HPI
2006 18 JUL	£248,000	£295,442	16% below HPI
1997 20 JUN	£75,000	£106,826	30% below HPI

MILLRACE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Arun local authority area over time, sourced from the HPI. The three MILLRACE sales between June 1997 and March 2014 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 July 2006 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the March 2014 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is MILLRACE?

MILLRACE is 91m², which includes one extension, according to the EPC inspection conducted in June 2013. This puts it in the smallest 40% of detached houses in Eastergate, based on EPC data. The below chart shows the distribution of detached houses by size in Eastergate, and where MILLRACE lies on this distribution: 36% of detached houses are smaller than MILLRACE, and 64% of houses are larger. Note that EPC data is not available for all properties in Eastergate.

MILLRACE: Plot and Title Map

MILLRACE sits on a plot of roughly 0.128 of an acre, or 517m². The below map shows the location of MILLRACE, 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 MILLRACE). 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 MILLRACE?

MILLRACE is located on BARNHAM ROAD in EASTERGATE, in the PO20 postcode district. The below map shows the position of MILLRACE on BARNHAM ROAD.