THE RED HOUSE, LONDON ROAD, RAKE, LISS, GU33 7PF - £870,000

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 RED HOUSE is a large extended detached house of 249m², built sometime before 1900. It was last sold for £870,000 in December 2019, which was around 47% above the average December 2019 detached price in the Chichester local authority area. The most recent EPC inspection was January 2014, where the current energy rating was E, and the potential energy rating was C.

THE RED HOUSE Sold Prices

Land registry data shows four sales for THE RED HOUSE 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 RED HOUSE 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 17 DEC	£870,000	£592,414	47% above HPI
2002 24 OCT	£495,000	£309,696	60% above HPI
1997 24 JAN	£216,500	£137,745	57% above HPI
1995 14 JUN	£134,950	£124,413	8% above HPI

THE RED HOUSE 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 RED HOUSE sales between June 1995 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 October 2002 sale was for 60% above the HPI. So the extrapolation line tracks at 60% above the HPI over time, until the December 2019 sale, where it falls to 47% above the HPI. The line then continues to track at 47% above the HPI.

How Large is THE RED HOUSE?

THE RED HOUSE is 249m², which includes three extensions, according to the EPC inspection conducted in January 2014. This puts it in the largest 30% of detached houses in Rake, based on EPC data. The below chart shows the distribution of detached houses by size in Rake, and where THE RED HOUSE lies on this distribution: 79% of detached houses are smaller than THE RED HOUSE, and 21% of houses are larger. Note that EPC data is not available for all properties in Rake.

THE RED HOUSE: Plot and Title Map

THE RED HOUSE sits on a plot of roughly 0.231 of an acre, or 936m². The below map shows the location of THE RED HOUSE, 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 RED HOUSE). 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 RED HOUSE?

THE RED HOUSE is located on LONDON ROAD in RAKE, in the GU33 postcode district. The below map shows the position of THE RED HOUSE on LONDON ROAD.