PROSPECT COTTAGE, POTTERY LANE, NUTBOURNE, CHICHESTER, PO18 8RW - £435,000

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

PROSPECT COTTAGE is a midsized extended detached house of 120m², built sometime between 1900 and 1929. It was last sold for £435,000 in November 2015, which was around 20% below the average November 2015 detached price in the Chichester local authority area. The most recent EPC inspection was September 2012, where the current energy rating was D, and the potential energy rating was C.

PROSPECT COTTAGE Sold Prices

Land registry data shows three sales for PROSPECT COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Chichester local authority area for the corresponding sale date. All of the three PROSPECT COTTAGE 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
2015 26 NOV	£435,000	£544,508	20% below HPI
2000 15 AUG	£65,000	£225,016	71% below HPI
1999 27 JUL	£65,000	£181,793	64% below HPI

PROSPECT COTTAGE 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 three PROSPECT COTTAGE sales between July 1999 and November 2015 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 August 2000 sale was for 71% below the HPI. So the extrapolation line tracks at 71% below the HPI over time, until the November 2015 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is PROSPECT COTTAGE?

PROSPECT COTTAGE is 120m², which includes one extension, according to the EPC inspection conducted in September 2012. This puts it in the smallest 50% of detached houses in Nutbourne, based on EPC data. The below chart shows the distribution of detached houses by size in Nutbourne, and where PROSPECT COTTAGE lies on this distribution: 47% of detached houses are smaller than PROSPECT COTTAGE, and 52% of houses are larger. Note that EPC data is not available for all properties in Nutbourne.

PROSPECT COTTAGE: Plot and Title Map

PROSPECT COTTAGE sits on a plot of roughly 0.167 of an acre, or 676m². The below map shows the location of PROSPECT 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 PROSPECT 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 PROSPECT COTTAGE?

PROSPECT COTTAGE is located on POTTERY LANE in NUTBOURNE, in the PO18 postcode district. The below map shows the position of PROSPECT COTTAGE on POTTERY LANE.