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

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 OLD READING ROOM is a very small extended detached house of 119m², built sometime before 1900. It was last sold for £600,000 in June 2016, which was around 10% 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	£545,635	10% above HPI
2009 4 SEP	£475,000	£403,840	18% above HPI
2002 27 MAR	£320,000	£262,407	22% above HPI
2001 11 SEP	£139,500	£258,178	46% below HPI
2000 4 SEP	£249,000	£231,732	7% 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 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the June 2016 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

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 in Lodsworth, based on EPC data. The below chart shows the distribution of detached houses by size in Lodsworth, and where THE OLD READING ROOM lies on this distribution: 12% of detached 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.