SPINDRIFT, CREDE LANE, BOSHAM, CHICHESTER, PO18 8NX - £1,137,500

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.

SPINDRIFT is a very large extended detached house of 285m², built sometime between 1950 and 1966, which could now be worth an estimated £1,336,502. It was last sold for £1,137,500 in July 2019, which was around 86% above the average July 2019 detached price in the Chichester local authority area. The most recent EPC inspection was April 2016, where the current energy rating was E, and the potential energy rating was C.

SPINDRIFT Sold Prices

Land registry data shows four sales for SPINDRIFT since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Chichester local authority area for the corresponding sale date. All of the four SPINDRIFT 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
2019 5 JUL	£1,137,500	£610,053	86% above HPI
2006 6 JUN	£755,000	£398,813	89% above HPI
2003 20 AUG	£630,000	£353,939	78% above HPI
1997 10 FEB	£237,000	£139,661	70% above HPI

SPINDRIFT 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 four SPINDRIFT sales between February 1997 and July 2019 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 June 2006 sale was for 89% above the HPI. So the extrapolation line tracks at 89% above the HPI over time, until the July 2019 sale, where it falls to 86% above the HPI. The line then continues to track at 86% above the HPI.

What might SPINDRIFT be worth now?

SPINDRIFT might now be worth an estimated £1,336,502.

This is based on house price inflation of 17.5%, between July 2019 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 17.5% inflationary increase is applied to the most recent sale price for SPINDRIFT of £1,137,500 on 5th July 2019. For the value to have increased from £1,137,500 to £1,336,502 over the six years and five months to February 2025, the following assumptions must hold true:

• The value of SPINDRIFT has moved in line with the HPI for detached houses in the Chichester local authority area.
• The July 2019 sale price of £1,137,500 represented a fair market value for the property.
• The size, condition, and specification of SPINDRIFT has not materially changed since July 2019.

How Large is SPINDRIFT?

SPINDRIFT is 285m², which includes one extension, according to the EPC inspection conducted in April 2016. This puts it in the largest 10% of detached houses houses in Bosham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bosham, and where SPINDRIFT lies on this distribution: 92% of detached houses houses are smaller than SPINDRIFT, and 8% of houses are larger. Note that EPC data is not available for all properties in Bosham.

SPINDRIFT: Plot and Title Map

SPINDRIFT sits on a plot of roughly 0.293 of an acre, or 1,187m². The below map shows the location of SPINDRIFT, 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 SPINDRIFT). 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 SPINDRIFT?

SPINDRIFT is located on CREDE LANE in BOSHAM, in the PO18 postcode district. The below map shows the position of SPINDRIFT on CREDE LANE.