WESTLEAS, WESTERGATE STREET, WESTERGATE, CHICHESTER, PO20 3QZ - £357,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

WESTLEAS is a very small detached house of 83m², built sometime between 1967 and 1975. It was last sold for £357,000 in May 2024, which was around 35% below the average May 2024 detached price in the Arun local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was B.

WESTLEAS Sold Prices

Land registry data shows two sales for WESTLEAS 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 WESTLEAS 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
2024 17 MAY	£357,000	£545,263	35% below HPI
2020 13 OCT	£285,000	£474,576	40% below HPI

WESTLEAS 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 WESTLEAS sales from October 2020 and May 2024 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 2020 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the May 2024 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is WESTLEAS?

WESTLEAS is 83m² according to the EPC inspection conducted in February 2020. This puts it in the smallest 20% of detached houses in Westergate, based on EPC data. The below chart shows the distribution of detached houses by size in Westergate, and where WESTLEAS lies on this distribution: 11% of detached houses are smaller than WESTLEAS, and 89% of houses are larger. Note that EPC data is not available for all properties in Westergate.

WESTLEAS: Plot and Title Map

WESTLEAS sits on a plot of roughly 0.065 of an acre, or 262m². The below map shows the location of WESTLEAS, 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 WESTLEAS). 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 WESTLEAS?

WESTLEAS is located on WESTERGATE STREET in WESTERGATE, in the PO20 postcode district. The below map shows the position of WESTLEAS on WESTERGATE STREET.