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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

PARK COTTAGE is a small detached house of 107m², built sometime between 1900 and 1929, which could now be worth an estimated £739,034. It was last sold for £735,000 in August 2022, which was around 29% 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	£571,569	29% above HPI
2013 15 MAR	£277,000	£334,830	17% 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 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the August 2022 sale, where it rises to 29% above the HPI. The line then continues to track at 29% above the HPI.

What might PARK COTTAGE be worth now?

PARK COTTAGE might now be worth an estimated £739,034.

This is based on house price inflation of 0.5%, between August 2022 and February 2025, for detached houses, in the Arun local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.5% inflationary increase is applied to the most recent sale price for PARK COTTAGE of £735,000 on 26th August 2022. For the value to have increased from £735,000 to £739,034 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of PARK COTTAGE has moved in line with the HPI for detached houses in the Arun local authority area.
• The August 2022 sale price of £735,000 represented a fair market value for the property.
• The size, condition, and specification of PARK COTTAGE has not materially changed since August 2022.

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 houses in Westergate, based on EPC data. The below chart shows the distribution of detached houses houses by size in Westergate, and where PARK COTTAGE lies on this distribution: 35% of detached houses 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.