SILVER SPRAY, BRACKLESHAM LANE, BRACKLESHAM BAY, CHICHESTER, PO20 8HP - £641,000

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.

SILVER SPRAY is a very large detached house of 161m², built sometime between 1983 and 1990, which could now be worth an estimated £718,157. It was last sold for £641,000 in February 2021, which was about the average February 2021 detached price in the Chichester local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

SILVER SPRAY Sold Prices

Land registry data shows three sales for SILVER SPRAY 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. The three SILVER SPRAY sales were a mix of roughly equal to the average price, above the average price, and 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
2021 19 FEB	£641,000	£639,771	Close to HPI
2013 11 DEC	£475,000	£466,535	2% above HPI
2003 11 SEP	£220,000	£359,973	39% below HPI

SILVER SPRAY 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 SILVER SPRAY sales between September 2003 and February 2021 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 December 2013 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the February 2021 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might SILVER SPRAY be worth now?

SILVER SPRAY might now be worth an estimated £718,157.

This is based on house price inflation of 12%, between February 2021 and February 2025, 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 12% inflationary increase is applied to the most recent sale price for SILVER SPRAY of £641,000 on 19th February 2021. For the value to have increased from £641,000 to £718,157 over the four years to February 2025, the following assumptions must hold true:

• The value of SILVER SPRAY has moved in line with the HPI for detached houses in the Chichester local authority area.
• The February 2021 sale price of £641,000 represented a fair market value for the property.
• The size, condition, and specification of SILVER SPRAY has not materially changed since February 2021.

How Large is SILVER SPRAY?

SILVER SPRAY is 161m² according to the EPC inspection conducted in July 2020. This puts it in the largest 20% of detached houses houses in East Wittering, based on EPC data. The below chart shows the distribution of detached houses houses by size in East Wittering, and where SILVER SPRAY lies on this distribution: 83% of detached houses houses are smaller than SILVER SPRAY, and 17% of houses are larger. Note that EPC data is not available for all properties in East Wittering.

SILVER SPRAY: Plot and Title Map

SILVER SPRAY sits on a plot of roughly 0.235 of an acre, or 950m². The below map shows the location of SILVER SPRAY, 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 SILVER SPRAY). 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 SILVER SPRAY?

SILVER SPRAY is located on BRACKLESHAM LANE in BRACKLESHAM BAY, in the PO20 postcode district. The below map shows the position of SILVER SPRAY on BRACKLESHAM LANE.