OAKLEA, VICARAGE HILL, LOXWOOD, BILLINGSHURST, RH14 0RG - £850,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

OAKLEA is a large extended detached house of 167m², built sometime between 1950 and 1966, which could now be worth an estimated £859,501. It was last sold for £850,000 in December 2023, which was around 21% above the average December 2023 detached price in the Chichester local authority area. The most recent EPC inspection was June 2023, where the current energy rating was D, and the potential energy rating was C.

OAKLEA Sold Prices

Land registry data shows three sales for OAKLEA 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. One of the three OAKLEA sales was for above the average price, whilst two 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
2023 12 DEC	£850,000	£700,115	21% above HPI
2015 9 DEC	£545,000	£557,885	2% below HPI
2014 23 JUL	£435,000	£492,070	12% below HPI

OAKLEA 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 OAKLEA sales between July 2014 and December 2023 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 December 2015 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the December 2023 sale, where it rises to 21% above the HPI. The line then continues to track at 21% above the HPI.

What might OAKLEA be worth now?

OAKLEA might now be worth an estimated £859,501.

This is based on house price inflation of 1.1%, between December 2023 and December 2024, 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 1.1% inflationary increase is applied to the most recent sale price for OAKLEA of £850,000 on 12th December 2023. For the value to have increased from £850,000 to £859,501 over the one year to December 2024, the following assumptions must hold true:

• The value of OAKLEA has moved in line with the HPI for detached houses in the Chichester local authority area.
• The December 2023 sale price of £850,000 represented a fair market value for the property.
• The size, condition, and specification of OAKLEA has not materially changed since December 2023.

How Large is OAKLEA?

OAKLEA is 167m², which includes two extensions, according to the EPC inspection conducted in June 2023. This puts it in the largest 40% of detached houses houses in Loxwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Loxwood, and where OAKLEA lies on this distribution: 68% of detached houses houses are smaller than OAKLEA, and 32% of houses are larger. Note that EPC data is not available for all properties in Loxwood.

OAKLEA: Plot and Title Map

OAKLEA sits on a plot of roughly 0.237 of an acre, or 958m². The below map shows the location of OAKLEA, 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 OAKLEA). 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 OAKLEA?

OAKLEA is located on VICARAGE HILL in LOXWOOD, in the RH14 postcode district. The below map shows the position of OAKLEA on VICARAGE HILL.