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

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.

NORTHWOOD is a very large detached house of 408m², built in 2021, which could now be worth an estimated £2,476,830. It was last sold for £2,309,000 in November 2021, which was around 246% 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	£668,211	246% above HPI
2017 12 JAN	£765,000	£578,867	32% above HPI
1996 1 MAR	£145,000	£136,084	7% 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 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the November 2021 sale, where it rises to 246% above the HPI. The line then continues to track at 246% above the HPI.

What might NORTHWOOD be worth now?

NORTHWOOD might now be worth an estimated £2,476,830.

This is based on house price inflation of 7.3%, between November 2021 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 7.3% inflationary increase is applied to the most recent sale price for NORTHWOOD of £2,309,000 on 3rd November 2021. For the value to have increased from £2,309,000 to £2,476,830 over the four years and nine months to February 2025, the following assumptions must hold true:

• The value of NORTHWOOD has moved in line with the HPI for detached houses in the Chichester local authority area.
• The November 2021 sale price of £2,309,000 represented a fair market value for the property.
• The size, condition, and specification of NORTHWOOD has not materially changed since November 2021.

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 houses in Chichester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chichester, and where NORTHWOOD lies on this distribution: More than 99% of detached houses 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.