RYE COTTAGE, WESTERGATE STREET, WOODGATE, CHICHESTER, PO20 3SQ - £499,950

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

RYE COTTAGE is a very large detached house of 147m², built in 2022. It was last sold for £499,950 in October 2022, which was around 12% below the average October 2022 detached price in the Arun local authority area. The most recent EPC inspection was September 2022, where the current energy rating was B, and the potential energy rating was A.

RYE COTTAGE Sold Prices

Land registry data shows three sales for RYE 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 Arun local authority area for the corresponding sale date. One of the three RYE COTTAGE sales was for below the average price, whilst two 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
2022 4 OCT	£499,950	£566,180	12% below HPI
2021 12 FEB	£540,000	£481,388	12% above HPI
2004 8 JUN	£450,000	£277,603	62% above HPI

RYE 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 three RYE COTTAGE sales between June 2004 and October 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 February 2021 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the October 2022 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is RYE COTTAGE?

RYE COTTAGE is 147m² according to the EPC inspection conducted in September 2022. This puts it in the largest 20% of detached houses in Westergate, based on EPC data. The below chart shows the distribution of detached houses by size in Westergate, and where RYE COTTAGE lies on this distribution: 82% of detached houses are smaller than RYE COTTAGE, and 16% of houses are larger. Note that EPC data is not available for all properties in Westergate.

RYE COTTAGE: Plot and Title Map

RYE COTTAGE sits on a plot of roughly 0.371 of an acre, or 1,502m². The below map shows the location of RYE 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 RYE 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 RYE COTTAGE?

RYE COTTAGE is located on WESTERGATE STREET in WOODGATE, in the PO20 postcode district. The below map shows the position of RYE COTTAGE on WESTERGATE STREET.