SPRINGFIELD, MARSH LANE, RUNCTON, CHICHESTER, PO20 1LQ - £970,000

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.

SPRINGFIELD is a very large extended detached house of 338m², built sometime between 1950 and 1966, which could now be worth an estimated £1,122,475. It was last sold for £970,000 in December 2018, which was around 57% above the average December 2018 detached price in the Chichester local authority area. The most recent EPC inspection was October 2017, where the current energy rating was C, and the potential energy rating was B.

SPRINGFIELD Sold Prices

Land registry data shows two sales for SPRINGFIELD 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 SPRINGFIELD 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
2018 17 DEC	£970,000	£619,414	57% above HPI
2012 7 DEC	£620,000	£442,767	40% above HPI

SPRINGFIELD 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 SPRINGFIELD sales from December 2012 and December 2018 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 2012 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the December 2018 sale, where it rises to 57% above the HPI. The line then continues to track at 57% above the HPI.

What might SPRINGFIELD be worth now?

SPRINGFIELD might now be worth an estimated £1,122,475.

This is based on house price inflation of 15.7%, between December 2018 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 15.7% inflationary increase is applied to the most recent sale price for SPRINGFIELD of £970,000 on 17th December 2018. For the value to have increased from £970,000 to £1,122,475 over the seven years and ten months to February 2025, the following assumptions must hold true:

• The value of SPRINGFIELD has moved in line with the HPI for detached houses in the Chichester local authority area.
• The December 2018 sale price of £970,000 represented a fair market value for the property.
• The size, condition, and specification of SPRINGFIELD has not materially changed since December 2018.

How Large is SPRINGFIELD?

SPRINGFIELD is 338m², which includes four extensions, according to the EPC inspection conducted in October 2017. This puts it in the largest 10% of detached houses houses in Runcton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Runcton, and where SPRINGFIELD lies on this distribution: 98% of detached houses houses are smaller than SPRINGFIELD, and 2% of houses are larger. Note that EPC data is not available for all properties in Runcton.

SPRINGFIELD: Plot and Title Map

SPRINGFIELD sits on a plot of roughly 0.505 of an acre, or 2,045m². The below map shows the location of SPRINGFIELD, 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 SPRINGFIELD). 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 SPRINGFIELD?

SPRINGFIELD is located on MARSH LANE in RUNCTON, in the PO20 postcode district. The below map shows the position of SPRINGFIELD on MARSH LANE.