SUMMER COTTAGE, THE STREET, GRAFFHAM, PETWORTH, GU28 0QB - £585,000

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.

SUMMER COTTAGE is a small detached house of 144m², built sometime between 1950 and 1966, which could now be worth an estimated £711,039. It was last sold for £585,000 in April 2019, which was around 1% below the average April 2019 detached price in the Chichester local authority area. The most recent EPC inspection was January 2018, where the current energy rating was D, and the potential energy rating was C.

SUMMER COTTAGE Sold Prices

Land registry data shows three sales for SUMMER 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 Chichester local authority area for the corresponding sale date. Two of the three SUMMER COTTAGE sales were for below the average price, whilst one was 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 12 APR	£585,000	£589,723	1% below HPI
2014 30 APR	£560,000	£479,193	17% above HPI
2007 28 AUG	£392,000	£433,730	10% below HPI

SUMMER COTTAGE 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 SUMMER COTTAGE sales between August 2007 and April 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 April 2014 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the April 2019 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might SUMMER COTTAGE be worth now?

SUMMER COTTAGE might now be worth an estimated £711,039.

This is based on house price inflation of 21.5%, between April 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 21.5% inflationary increase is applied to the most recent sale price for SUMMER COTTAGE of £585,000 on 12th April 2019. For the value to have increased from £585,000 to £711,039 over the six years and two months to February 2025, the following assumptions must hold true:

• The value of SUMMER COTTAGE has moved in line with the HPI for detached houses in the Chichester local authority area.
• The April 2019 sale price of £585,000 represented a fair market value for the property.
• The size, condition, and specification of SUMMER COTTAGE has not materially changed since April 2019.

How Large is SUMMER COTTAGE?

SUMMER COTTAGE is 144m² according to the EPC inspection conducted in January 2018. This puts it in the smallest 30% of detached houses houses in Graffham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Graffham, and where SUMMER COTTAGE lies on this distribution: 26% of detached houses houses are smaller than SUMMER COTTAGE, and 74% of houses are larger. Note that EPC data is not available for all properties in Graffham.

SUMMER COTTAGE: Plot and Title Map

SUMMER COTTAGE sits on a plot of roughly 0.116 of an acre, or 470m². The below map shows the location of SUMMER 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 SUMMER 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 SUMMER COTTAGE?

SUMMER COTTAGE is located on THE STREET in GRAFFHAM, in the GU28 postcode district. The below map shows the position of SUMMER COTTAGE on THE STREET.