THE OLD READING ROOM, LODSWORTH, PETWORTH, GU28 9DA - £600,000

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 OLD READING ROOM is a very small extended detached house of 119m², built sometime before 1900, which could now be worth an estimated £771,319. It was last sold for £600,000 in June 2016, which was around 8% above the average June 2016 detached price in the Chichester local authority area. The most recent EPC inspection was December 2015, where the current energy rating was F, and the potential energy rating was D.

THE OLD READING ROOM Sold Prices

Land registry data shows five sales for THE OLD READING ROOM since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Chichester local authority area for the corresponding sale date. Most of the five THE OLD READING ROOM 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
2016 17 JUN	£600,000	£557,575	8% above HPI
2009 4 SEP	£475,000	£412,678	15% above HPI
2002 27 MAR	£320,000	£268,149	19% above HPI
2001 11 SEP	£139,500	£263,828	47% below HPI
2000 4 SEP	£249,000	£236,803	5% above HPI

THE OLD READING ROOM 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 five THE OLD READING ROOM sales between September 2000 and June 2016 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 2009 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the June 2016 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might THE OLD READING ROOM be worth now?

THE OLD READING ROOM might now be worth an estimated £771,319.

This is based on house price inflation of 28.6%, between June 2016 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 28.6% inflationary increase is applied to the most recent sale price for THE OLD READING ROOM of £600,000 on 17th June 2016. For the value to have increased from £600,000 to £771,319 over the nine years and four months to February 2025, the following assumptions must hold true:

• The value of THE OLD READING ROOM has moved in line with the HPI for detached houses in the Chichester local authority area.
• The June 2016 sale price of £600,000 represented a fair market value for the property.
• The size, condition, and specification of THE OLD READING ROOM has not materially changed since June 2016.

How Large is THE OLD READING ROOM?

THE OLD READING ROOM is 119m², which includes two extensions, according to the EPC inspection conducted in December 2015. This puts it in the smallest 20% of detached houses houses in Lodsworth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lodsworth, and where THE OLD READING ROOM lies on this distribution: 12% of detached houses houses are smaller than THE OLD READING ROOM, and 88% of houses are larger. Note that EPC data is not available for all properties in Lodsworth.

THE OLD READING ROOM: Plot and Title Map

THE OLD READING ROOM sits on a plot of roughly 0.067 of an acre, or 270m². The below map shows the location of THE OLD READING ROOM, 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 OLD READING ROOM). 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 OLD READING ROOM?

THE OLD READING ROOM is located in LODSWORTH, in the GU28 postcode district. The below map shows the position of THE OLD READING ROOM in LODSWORTH.