THE ACORN, PRIORS LEAZE LANE, HAMBROOK, CHICHESTER, PO18 8RQ - £885,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

THE ACORN is a very large extended detached house of 344m², built sometime between 2003 and 2006. It was last sold for £885,000 in December 2019, which was around 49% above the average December 2019 detached price in the Chichester local authority area. The most recent EPC inspection was January 2019, where the current energy rating was C, and the potential energy rating was B.

THE ACORN Sold Prices

Land registry data shows four sales for THE ACORN 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. Most of the four THE ACORN 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 13 DEC	£885,000	£592,414	49% above HPI
2017 16 FEB	£852,000	£578,538	47% above HPI
2008 4 DEC	£500,000	£415,382	20% above HPI
2002 23 AUG	£250,000	£290,420	14% below HPI

THE ACORN 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 THE ACORN sales between August 2002 and December 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 February 2017 sale was for 47% above the HPI. So the extrapolation line tracks at 47% above the HPI over time, until the December 2019 sale, where it rises to 49% above the HPI. The line then continues to track at 49% above the HPI.

How Large is THE ACORN?

THE ACORN is 344m², which includes one extension, according to the EPC inspection conducted in January 2019. This puts it in the largest 10% of detached houses in Hambrook, based on EPC data. The below chart shows the distribution of detached houses by size in Hambrook, and where THE ACORN lies on this distribution: 99% of detached houses are smaller than THE ACORN, and 1% of houses are larger. Note that EPC data is not available for all properties in Hambrook.

THE ACORN: Plot and Title Map

THE ACORN sits on a plot of roughly 0.252 of an acre, or 1,020m². The below map shows the location of THE ACORN, 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 THE ACORN). 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 THE ACORN?

THE ACORN is located on PRIORS LEAZE LANE in HAMBROOK, in the PO18 postcode district. The below map shows the position of THE ACORN on PRIORS LEAZE LANE.