2, ELM TREE CLOSE, SELSEY, CHICHESTER, PO20 0SQ - £270,000

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.

2 ELM TREE CLOSE is a small terraced house of 80m², built sometime between 1967 and 1975, which could now be worth an estimated £307,082. It was last sold for £270,000 in June 2018, which was around 10% below the average June 2018 terraced price in the Chichester local authority area. The most recent EPC inspection was June 2010, where the current energy rating was D, and the potential energy rating was C.

2 ELM TREE CLOSE Sold Prices

Land registry data shows four sales for 2 ELM TREE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Chichester local authority area for the corresponding sale date. All of the four 2 ELM TREE CLOSE 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
2018 29 JUN	£270,000	£298,759	10% below HPI
2010 1 OCT	£168,000	£229,240	27% below HPI
2006 24 JUL	£178,000	£207,354	14% below HPI
1996 28 OCT	£62,000	£64,629	4% below HPI

2 ELM TREE CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Chichester local authority area over time, sourced from the HPI. The four 2 ELM TREE CLOSE sales between October 1996 and June 2018 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 2010 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the June 2018 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 2 ELM TREE CLOSE be worth now?

2 ELM TREE CLOSE might now be worth an estimated £307,082.

This is based on house price inflation of 13.7%, between June 2018 and June 2025, for terraced houses, in the Chichester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 13.7% inflationary increase is applied to the most recent sale price for 2 ELM TREE CLOSE of £270,000 on 29th June 2018. For the value to have increased from £270,000 to £307,082 over the seven years to June 2025, the following assumptions must hold true:

• The value of 2 ELM TREE CLOSE has moved in line with the HPI for terraced houses in the Chichester local authority area.
• The June 2018 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ELM TREE CLOSE has not materially changed since June 2018.

How Large is 2 ELM TREE CLOSE?

2 ELM TREE CLOSE is 80m² according to the EPC inspection conducted in June 2010. This puts it in the smallest 30% of terraced houses houses in Selsey, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Selsey, and where 2 ELM TREE CLOSE lies on this distribution: 23% of terraced houses houses are smaller than 2 ELM TREE CLOSE, and 77% of houses are larger. Note that EPC data is not available for all properties in Selsey.

2 ELM TREE CLOSE: Plot and Title Map

2 ELM TREE CLOSE sits on a plot of roughly 0.093 of an acre, or 376m². The below map shows the location of 2 ELM TREE 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 2 ELM TREE 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 2 ELM TREE CLOSE?

2 ELM TREE CLOSE is located in SELSEY, in the PO20 postcode district. The below map shows the position of No. 2 on ELM TREE CLOSE.