NEW HOUSE, LEATHER BOTTLE LANE, CHICHESTER, PO19 7DB - £407,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

NEW HOUSE is a midsized detached house of 128m², built sometime between 1996 and 2002, which could now be worth an estimated £509,835. It was last sold for £407,500 in July 2016, which was around 29% below the average July 2016 detached price in the Chichester local authority area. The most recent EPC inspection was November 2009, where the current energy rating was C, and the potential energy rating was C.

NEW HOUSE Sold Prices

Land registry data shows two sales for NEW HOUSE 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 NEW HOUSE 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
2016 27 JUL	£407,500	£572,907	29% below HPI
2002 16 MAY	£220,000	£275,809	20% below HPI

NEW HOUSE 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 NEW HOUSE sales from May 2002 and July 2016 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 May 2002 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the July 2016 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might NEW HOUSE be worth now?

NEW HOUSE might now be worth an estimated £509,835.

This is based on house price inflation of 25.1%, between July 2016 and February 2025, for detached houses, in the Chichester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 25.1% inflationary increase is applied to the most recent sale price for NEW HOUSE of £407,500 on 27th July 2016. For the value to have increased from £407,500 to £509,835 over the nine years and five months to February 2025, the following assumptions must hold true:

• The value of NEW HOUSE has moved in line with the HPI for detached houses in the Chichester local authority area.
• The July 2016 sale price of £407,500 represented a fair market value for the property.
• The size, condition, and specification of NEW HOUSE has not materially changed since July 2016.

How Large is NEW HOUSE?

NEW HOUSE is 128m² according to the EPC inspection conducted in November 2009. This puts it in the largest 50% of detached houses houses in Chichester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chichester, and where NEW HOUSE lies on this distribution: 57% of detached houses houses are smaller than NEW HOUSE, and 43% of houses are larger. Note that EPC data is not available for all properties in Chichester.

NEW HOUSE: Plot and Title Map

NEW HOUSE sits on a plot of roughly 0.052 of an acre, or 212m². The below map shows the location of NEW HOUSE, 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 NEW HOUSE). 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 NEW HOUSE?

NEW HOUSE is located on LEATHER BOTTLE LANE in CHICHESTER, in the PO19 postcode district. The below map shows the position of NEW HOUSE on LEATHER BOTTLE LANE.