THE MATRIX, CANHOUSE LANE, RAKE, LISS, GU33 7JG - £985,000

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.

THE MATRIX is a large detached house of 240m², built sometime between 1967 and 1975, which could now be worth an estimated £1,074,468. It was last sold for £985,000 in October 2020, which was around 50% above the average October 2020 detached price in the Chichester local authority area. The most recent EPC inspection was September 2020, where the current energy rating was E, and the potential energy rating was D.

THE MATRIX Sold Prices

Land registry data shows four sales for THE MATRIX 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 THE MATRIX 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
2020 20 OCT	£985,000	£657,096	50% above HPI
2011 7 OCT	£850,000	£455,700	87% above HPI
2003 7 NOV	£880,000	£348,573	152% above HPI
2001 22 MAY	£425,000	£252,209	69% above HPI

THE MATRIX 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 MATRIX sales between May 2001 and October 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 October 2011 sale was for 87% above the HPI. So the extrapolation line tracks at 87% above the HPI over time, until the October 2020 sale, where it falls to 50% above the HPI. The line then continues to track at 50% above the HPI.

What might THE MATRIX be worth now?

THE MATRIX might now be worth an estimated £1,074,468.

This is based on house price inflation of 9.1%, between October 2020 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 9.1% inflationary increase is applied to the most recent sale price for THE MATRIX of £985,000 on 20th October 2020. For the value to have increased from £985,000 to £1,074,468 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of THE MATRIX has moved in line with the HPI for detached houses in the Chichester local authority area.
• The October 2020 sale price of £985,000 represented a fair market value for the property.
• The size, condition, and specification of THE MATRIX has not materially changed since October 2020.

How Large is THE MATRIX?

THE MATRIX is 240m² according to the EPC inspection conducted in September 2020. This puts it in the largest 30% of detached houses houses in Rake, based on EPC data. The below chart shows the distribution of detached houses houses by size in Rake, and where THE MATRIX lies on this distribution: 74% of detached houses houses are smaller than THE MATRIX, and 26% of houses are larger. Note that EPC data is not available for all properties in Rake.

THE MATRIX: Plot and Title Map

THE MATRIX sits on a plot of roughly 1.9 acres, or 7,699m². The below map shows the location of THE MATRIX, 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 MATRIX). 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 MATRIX?

THE MATRIX is located on CANHOUSE LANE in RAKE, in the GU33 postcode district. The below map shows the position of THE MATRIX on CANHOUSE LANE.