SPODE COTTAGE, FONTWELL AVENUE, EASTERGATE, CHICHESTER, PO20 3RX - £430,000

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.

SPODE COTTAGE is a small detached house of 88m², built sometime between 1930 and 1949, which could now be worth an estimated £519,168. It was last sold for £430,000 in May 2020, which was around 10% below the average May 2020 detached price in the Arun local authority area. The most recent EPC inspection was November 2019, where the current energy rating was E, and the potential energy rating was B.

SPODE COTTAGE Sold Prices

Land registry data shows two sales for SPODE COTTAGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Arun local authority area for the corresponding sale date. Both of the two SPODE 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
2020 22 MAY	£430,000	£475,999	10% below HPI
2005 19 SEP	£255,000	£297,807	14% below HPI

SPODE 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 two SPODE COTTAGE sales from September 2005 and May 2020 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 September 2005 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the May 2020 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might SPODE COTTAGE be worth now?

SPODE COTTAGE might now be worth an estimated £519,168.

This is based on house price inflation of 20.7%, between May 2020 and February 2025, for detached houses, in the Arun local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 20.7% inflationary increase is applied to the most recent sale price for SPODE COTTAGE of £430,000 on 22nd May 2020. For the value to have increased from £430,000 to £519,168 over the five years and three months to February 2025, the following assumptions must hold true:

• The value of SPODE COTTAGE has moved in line with the HPI for detached houses in the Arun local authority area.
• The May 2020 sale price of £430,000 represented a fair market value for the property.
• The size, condition, and specification of SPODE COTTAGE has not materially changed since May 2020.

How Large is SPODE COTTAGE?

SPODE COTTAGE is 88m² according to the EPC inspection conducted in November 2019. This puts it in the smallest 40% of detached houses houses in Eastergate, based on EPC data. The below chart shows the distribution of detached houses houses by size in Eastergate, and where SPODE COTTAGE lies on this distribution: 33% of detached houses houses are smaller than SPODE COTTAGE, and 67% of houses are larger. Note that EPC data is not available for all properties in Eastergate.

SPODE COTTAGE: Plot and Title Map

SPODE COTTAGE sits on a plot of roughly 0.125 of an acre, or 507m². The below map shows the location of SPODE 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 SPODE 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 SPODE COTTAGE?

SPODE COTTAGE is located on FONTWELL AVENUE in EASTERGATE, in the PO20 postcode district. The below map shows the position of SPODE COTTAGE on FONTWELL AVENUE.