PARK COTTAGE, NORTHFIELDS LANE, WESTERGATE, CHICHESTER, PO20 3UH - £735,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

PARK COTTAGE is a small detached house of 107m², built sometime between 1900 and 1929. It was last sold for £735,000 in August 2022, which was around 33% above the average August 2022 detached price in the Arun local authority area. The most recent EPC inspection was October 2018, where the current energy rating was D, and the potential energy rating was B.

PARK COTTAGE Sold Prices

Land registry data shows two sales for PARK COTTAGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Arun local authority area for the corresponding sale date. One of the two PARK COTTAGE sales was for above the average price, whilst the other was 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
2022 26 AUG	£735,000	£550,948	33% above HPI
2013 15 MAR	£277,000	£322,750	14% below HPI

PARK COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Arun local authority area over time, sourced from the HPI. The two PARK COTTAGE sales from March 2013 and August 2022 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 March 2013 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the August 2022 sale, where it rises to 33% above the HPI. The line then continues to track at 33% above the HPI.

How Large is PARK COTTAGE?

PARK COTTAGE is 107m² according to the EPC inspection conducted in October 2018. This puts it in the smallest 40% of detached houses in Westergate, based on EPC data. The below chart shows the distribution of detached houses by size in Westergate, and where PARK COTTAGE lies on this distribution: 36% of detached houses are smaller than PARK COTTAGE, and 61% of houses are larger. Note that EPC data is not available for all properties in Westergate.

PARK COTTAGE: Plot and Title Map

PARK COTTAGE sits on a plot of roughly 0.281 of an acre, or 1,138m². The below map shows the location of PARK COTTAGE, 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 PARK COTTAGE). 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 PARK COTTAGE?

PARK COTTAGE is located on NORTHFIELDS LANE in WESTERGATE, in the PO20 postcode district. The below map shows the position of PARK COTTAGE on NORTHFIELDS LANE.