THE OLD STORES, NYTON ROAD, WESTERGATE, CHICHESTER, PO20 3US - £975,000

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 STORES is a very large extended detached house of 272m², built sometime before 1900. It was last sold for £975,000 in January 2022, which was around 83% above the average January 2022 detached price in the Arun local authority area. The most recent EPC inspection was March 2016, where the current energy rating was E, and the potential energy rating was C.

THE OLD STORES Sold Prices

Land registry data shows three sales for THE OLD STORES since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Arun local authority area for the corresponding sale date. All of the three THE OLD STORES 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
2022 27 JAN	£975,000	£531,669	83% above HPI
2004 16 FEB	£485,000	£269,455	80% above HPI
1999 2 AUG	£167,000	£140,147	19% above HPI

THE OLD STORES Price Paid vs. HPI Average

The below graph shows the average detached house price in the Arun local authority area over time, sourced from the HPI. The three THE OLD STORES sales between August 1999 and January 2022 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 2004 sale was for 80% above the HPI. So the extrapolation line tracks at 80% above the HPI over time, until the January 2022 sale, where it rises to 83% above the HPI. The line then continues to track at 83% above the HPI.

How Large is THE OLD STORES?

THE OLD STORES is 272m², which includes four extensions, according to the EPC inspection conducted in March 2016. This puts it in the largest 10% of detached houses in Westergate, based on EPC data. The below chart shows the distribution of detached houses by size in Westergate, and where THE OLD STORES lies on this distribution: More than 99% of detached houses are smaller than THE OLD STORES, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Westergate.

THE OLD STORES: Plot and Title Map

THE OLD STORES sits on a plot of roughly 0.212 of an acre, or 856m². The below map shows the location of THE OLD STORES, 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 STORES). 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 STORES?

THE OLD STORES is located on NYTON ROAD in WESTERGATE, in the PO20 postcode district. The below map shows the position of THE OLD STORES on NYTON ROAD.