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

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

OMEGA is a midsized detached house of 105m², built sometime between 1950 and 1966, which could now be worth an estimated £496,003. It was last sold for £305,000 in July 2010, which was around 31% 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	£440,759	31% below HPI
2007 3 DEC	£245,000	£434,137	44% 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 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the July 2010 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might OMEGA be worth now?

OMEGA might now be worth an estimated £496,003.

This is based on house price inflation of 62.6%, between July 2010 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 62.6% inflationary increase is applied to the most recent sale price for OMEGA of £305,000 on 16th July 2010. For the value to have increased from £305,000 to £496,003 over the fifteen years and five months to February 2025, the following assumptions must hold true:

• The value of OMEGA has moved in line with the HPI for detached houses in the Chichester local authority area.
• The July 2010 sale price of £305,000 represented a fair market value for the property.
• The size, condition, and specification of OMEGA has not materially changed since July 2010.

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 houses in East Wittering, based on EPC data. The below chart shows the distribution of detached houses houses by size in East Wittering, and where OMEGA lies on this distribution: 47% of detached houses 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.