MINERVA COTTAGE, PRIORS LEAZE LANE, HAMBROOK, CHICHESTER, PO18 8RQ - £320,000

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

MINERVA COTTAGE is a small extended detached house of 104m², built sometime before 1900. It was last sold for £320,000 in March 2012, which was around 24% below the average March 2012 detached price in the Chichester local authority area. The most recent EPC inspection was November 2011, where the current energy rating was E, and the potential energy rating was D.

MINERVA COTTAGE Sold Prices

Land registry data shows two sales for MINERVA 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 MINERVA 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
2012 2 MAR	£320,000	£421,351	24% below HPI
2002 14 OCT	£270,000	£309,696	13% below HPI

MINERVA 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 MINERVA COTTAGE sales from October 2002 and March 2012 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 2002 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the March 2012 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is MINERVA COTTAGE?

MINERVA COTTAGE is 104m², which includes one extension, according to the EPC inspection conducted in November 2011. This puts it in the smallest 30% of detached houses in Hambrook, based on EPC data. The below chart shows the distribution of detached houses by size in Hambrook, and where MINERVA COTTAGE lies on this distribution: 23% of detached houses are smaller than MINERVA COTTAGE, and 77% of houses are larger. Note that EPC data is not available for all properties in Hambrook.

MINERVA COTTAGE: Plot and Title Map

MINERVA COTTAGE sits on a plot of roughly 0.061 of an acre, or 247m². The below map shows the location of MINERVA 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 MINERVA 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 MINERVA COTTAGE?

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