NORTHWOOD, CHESTNUT AVENUE, CHICHESTER, PO19 5QE - £2,309,000

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

NORTHWOOD is a very large detached house of 408m², built in 2021. It was last sold for £2,309,000 in November 2021, which was around 253% above the average November 2021 detached price in the Chichester local authority area. The most recent EPC inspection was June 2021, where the current energy rating was B, and the potential energy rating was A.

NORTHWOOD Sold Prices

Land registry data shows three sales for NORTHWOOD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Chichester local authority area for the corresponding sale date. All of the three NORTHWOOD sales were for above 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
2021 3 NOV	£2,309,000	£653,901	253% above HPI
2017 12 JAN	£765,000	£566,470	35% above HPI
1996 1 MAR	£145,000	£133,170	9% above HPI

NORTHWOOD 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 three NORTHWOOD sales between March 1996 and November 2021 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 January 2017 sale was for 35% above the HPI. So the extrapolation line tracks at 35% above the HPI over time, until the November 2021 sale, where it rises to 253% above the HPI. The line then continues to track at 253% above the HPI.

How Large is NORTHWOOD?

NORTHWOOD is 408m² according to the EPC inspection conducted in June 2021. This puts it in the largest 10% of detached houses in Chichester, based on EPC data. The below chart shows the distribution of detached houses by size in Chichester, and where NORTHWOOD lies on this distribution: More than 99% of detached houses are smaller than NORTHWOOD, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Chichester.

NORTHWOOD: Plot and Title Map

NORTHWOOD sits on a plot of roughly 0.277 of an acre, or 1,120m². The below map shows the location of NORTHWOOD, 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 NORTHWOOD). 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 NORTHWOOD?

NORTHWOOD is located on CHESTNUT AVENUE in CHICHESTER, in the PO19 postcode district. The below map shows the position of NORTHWOOD on CHESTNUT AVENUE.