OLD SCHOOL HOUSE, SCHOOL LANE, NUTBOURNE, CHICHESTER, PO18 8RZ - £575,000

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

OLD SCHOOL HOUSE is a very small extended detached house of 79m², built sometime before 1900. It was last sold for £575,000 in October 2021, which was around 12% below the average October 2021 detached price in the Chichester local authority area. The most recent EPC inspection was April 2018, where the current energy rating was C, and the potential energy rating was B.

OLD SCHOOL HOUSE Sold Prices

Land registry data shows four sales for OLD SCHOOL HOUSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Chichester local authority area for the corresponding sale date. Most of the four OLD SCHOOL 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
2021 20 OCT	£575,000	£656,340	12% below HPI
2002 10 MAY	£295,000	£269,903	9% above HPI
1998 10 JUN	£159,500	£168,277	5% below HPI
1998 8 JAN	£90,000	£157,755	43% below HPI

OLD SCHOOL 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 four OLD SCHOOL HOUSE sales between January 1998 and October 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 May 2002 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the October 2021 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is OLD SCHOOL HOUSE?

OLD SCHOOL HOUSE is 79m², which includes one extension, according to the EPC inspection conducted in April 2018. This puts it in the smallest 10% of detached houses in Nutbourne, based on EPC data. The below chart shows the distribution of detached houses by size in Nutbourne, and where OLD SCHOOL HOUSE lies on this distribution: 7% of detached houses are smaller than OLD SCHOOL HOUSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Nutbourne.

OLD SCHOOL HOUSE: Plot and Title Map

OLD SCHOOL HOUSE sits on a plot of roughly 0.043 of an acre, or 175m². The below map shows the location of OLD SCHOOL 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 OLD SCHOOL 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 OLD SCHOOL HOUSE?

OLD SCHOOL HOUSE is located on SCHOOL LANE in NUTBOURNE, in the PO18 postcode district. The below map shows the position of OLD SCHOOL HOUSE on SCHOOL LANE.