THE STUDIO, TUDOR DRIVE, WESTERGATE, CHICHESTER, PO20 3YT - £300,000

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 STUDIO is a midsized extended detached house of 111m², built sometime between 1900 and 1929. It was last sold for £300,000 in November 2013, which was around 13% below the average November 2013 detached price in the Arun local authority area. The most recent EPC inspection was March 2013, where the current energy rating was E, and the potential energy rating was C.

THE STUDIO Sold Prices

Land registry data shows two sales for THE STUDIO since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Arun local authority area for the corresponding sale date. Both of the two THE STUDIO sales were for below 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
2013 1 NOV	£300,000	£344,170	13% below HPI
1996 7 MAY	£68,000	£96,408	29% below HPI

THE STUDIO 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 two THE STUDIO sales from May 1996 and November 2013 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 May 1996 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the November 2013 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is THE STUDIO?

THE STUDIO is 111m², which includes three extensions, according to the EPC inspection conducted in March 2013. This puts it in the smallest 50% 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 STUDIO lies on this distribution: 42% of detached houses are smaller than THE STUDIO, and 58% of houses are larger. Note that EPC data is not available for all properties in Westergate.

THE STUDIO: Plot and Title Map

THE STUDIO sits on a plot of roughly 0.114 of an acre, or 462m². The below map shows the location of THE STUDIO, 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 STUDIO). 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 STUDIO?

THE STUDIO is located on TUDOR DRIVE in WESTERGATE, in the PO20 postcode district. The below map shows the position of THE STUDIO on TUDOR DRIVE.