1, CHALET CLOSE, FERRING, WORTHING, BN12 5NZ - £561,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 CHALET CLOSE is a very small extended detached house of 71m², built sometime between 1930 and 1949, which could now be worth an estimated £604,500. It was last sold for £561,500 in September 2021, which was around 8% above the average September 2021 detached price in the Arun local authority area. The most recent EPC inspection was August 2019, where the current energy rating was E, and the potential energy rating was C.

1 CHALET CLOSE Sold Prices

Land registry data shows two sales for 1 CHALET CLOSE 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 1 CHALET CLOSE 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
2021 28 SEP	£561,500	£517,830	8% above HPI
2019 31 OCT	£495,000	£476,328	4% above HPI

1 CHALET CLOSE 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 1 CHALET CLOSE sales from October 2019 and September 2021 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 2019 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the September 2021 sale, where it rises to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 1 CHALET CLOSE be worth now?

1 CHALET CLOSE might now be worth an estimated £604,500.

This is based on house price inflation of 7.7%, between September 2021 and May 2026, for detached houses, in the Arun local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 7.7% inflationary increase is applied to the most recent sale price for 1 CHALET CLOSE of £561,500 on 28th September 2021. For the value to have increased from £561,500 to £604,500 over the five years and four months to May 2026, the following assumptions must hold true:

• The value of 1 CHALET CLOSE has moved in line with the HPI for detached houses in the Arun local authority area.
• The September 2021 sale price of £561,500 represented a fair market value for the property.
• The size, condition, and specification of 1 CHALET CLOSE has not materially changed since September 2021.

How Large is 1 CHALET CLOSE?

1 CHALET CLOSE is 71m², which includes two extensions, according to the EPC inspection conducted in August 2019. This puts it in the smallest 10% of detached houses houses in Ferring, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ferring, and where 1 CHALET CLOSE lies on this distribution: 7% of detached houses houses are smaller than 1 CHALET CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Ferring.

1 CHALET CLOSE: Plot and Title Map

1 CHALET CLOSE sits on a plot of roughly 0.090 of an acre, or 366m². The below map shows the location of 1 CHALET CLOSE, 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 1 CHALET CLOSE). 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 1 CHALET CLOSE?

1 CHALET CLOSE is located in FERRING, in the BN12 postcode district. The below map shows the position of No. 1 on CHALET CLOSE.