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

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

OAKLEA is a large extended detached house of 167m², built sometime between 1950 and 1966. 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. The three OAKLEA sales were a mix of above the average price, roughly equal to the average price, and 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	£702,138	21% above HPI
2015 9 DEC	£545,000	£545,938	Close to HPI
2014 23 JUL	£435,000	£481,532	10% 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 roughly matched the HPI. So the extrapolation line tracks roughly in line with 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.

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 in Loxwood, based on EPC data. The below chart shows the distribution of detached houses by size in Loxwood, and where OAKLEA lies on this distribution: 67% of detached houses are smaller than OAKLEA, and 33% 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.