RUSSETS, SPY LANE, LOXWOOD, BILLINGSHURST, RH14 0SQ - £423,000

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

RUSSETS is a large extended detached house of 166m², built sometime between 1991 and 1995, which could now be worth an estimated £781,912. It was last sold for £423,000 in June 2005, which was around 10% above the average June 2005 detached price in the Chichester local authority area. The most recent EPC inspection was September 2023, where the current energy rating was D, and the potential energy rating was C.

RUSSETS Sold Prices

Land registry data shows two sales for RUSSETS 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 RUSSETS sales were for above 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
2005 21 JUN	£423,000	£382,983	10% above HPI
1999 14 APR	£248,000	£180,826	37% above HPI

RUSSETS 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 RUSSETS sales from April 1999 and June 2005 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 April 1999 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the June 2005 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might RUSSETS be worth now?

RUSSETS might now be worth an estimated £781,912.

This is based on house price inflation of 84.8%, between June 2005 and December 2024, 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 84.8% inflationary increase is applied to the most recent sale price for RUSSETS of £423,000 on 21st June 2005. For the value to have increased from £423,000 to £781,912 over the eighteen years and six months to December 2024, the following assumptions must hold true:

• The value of RUSSETS has moved in line with the HPI for detached houses in the Chichester local authority area.
• The June 2005 sale price of £423,000 represented a fair market value for the property.
• The size, condition, and specification of RUSSETS has not materially changed since June 2005.

How Large is RUSSETS?

RUSSETS is 166m², which includes one extension, according to the EPC inspection conducted in September 2023. This puts it in the largest 40% of detached houses houses in Loxwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Loxwood, and where RUSSETS lies on this distribution: 66% of detached houses houses are smaller than RUSSETS, and 33% of houses are larger. Note that EPC data is not available for all properties in Loxwood.

RUSSETS: Plot and Title Map

RUSSETS sits on a plot of roughly 0.170 of an acre, or 687m². The below map shows the location of RUSSETS, 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 RUSSETS). 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 RUSSETS?

RUSSETS is located on SPY LANE in LOXWOOD, in the RH14 postcode district. The below map shows the position of RUSSETS on SPY LANE.