OMEGA, SILVER WAY, BRACKLESHAM BAY, CHICHESTER, PO20 8JR - £305,000

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

OMEGA is a midsized detached house of 105m², built sometime between 1950 and 1966. It was last sold for £305,000 in July 2010, which was around 29% below the average July 2010 detached price in the Chichester local authority area. The most recent EPC inspection was March 2010, where the current energy rating was D, and the potential energy rating was C.

OMEGA Sold Prices

Land registry data shows two sales for OMEGA since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Chichester local authority area for the corresponding sale date. Both of the two OMEGA 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
2010 16 JUL	£305,000	£431,320	29% below HPI
2007 3 DEC	£245,000	£424,840	42% below HPI

OMEGA 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 two OMEGA sales from December 2007 and July 2010 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 2007 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the July 2010 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is OMEGA?

OMEGA is 105m² according to the EPC inspection conducted in March 2010. This puts it in the smallest 50% of detached houses in East Wittering, based on EPC data. The below chart shows the distribution of detached houses by size in East Wittering, and where OMEGA lies on this distribution: 47% of detached houses are smaller than OMEGA, and 53% of houses are larger. Note that EPC data is not available for all properties in East Wittering.

OMEGA: Plot and Title Map

OMEGA sits on a plot of roughly 0.108 of an acre, or 439m². The below map shows the location of OMEGA, 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 OMEGA). 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 OMEGA?

OMEGA is located on SILVER WAY in BRACKLESHAM BAY, in the PO20 postcode district. The below map shows the position of OMEGA on SILVER WAY.