2, MAY CLOSE, SIDLESHAM, CHICHESTER, PO20 7RR - £340,000

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 MAY CLOSE is a very small detached house of 82m², built sometime between 1950 and 1966, which could now be worth an estimated £366,632. It was last sold for £340,000 in June 2021, which was around 46% below the average June 2021 detached price in the Chichester local authority area. The most recent EPC inspection was March 2021, where the current energy rating was C, and the potential energy rating was B.

2 MAY CLOSE Sold Prices

Land registry data shows two sales for 2 MAY 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 Chichester local authority area for the corresponding sale date. Both of the two 2 MAY 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
2021 28 JUN	£340,000	£631,231	46% below HPI
2020 1 DEC	£250,000	£646,901	61% below HPI

2 MAY CLOSE 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 two 2 MAY CLOSE sales from December 2020 and June 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 December 2020 sale was for 61% below the HPI. So the extrapolation line tracks at 61% below the HPI over time, until the June 2021 sale, where it rises to 46% below the HPI. The line then continues to track at 46% below the HPI.

What might 2 MAY CLOSE be worth now?

2 MAY CLOSE might now be worth an estimated £366,632.

This is based on house price inflation of 7.8%, between June 2021 and June 2025, for detached 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 7.8% inflationary increase is applied to the most recent sale price for 2 MAY CLOSE of £340,000 on 28th June 2021. For the value to have increased from £340,000 to £366,632 over the four years to June 2025, the following assumptions must hold true:

• The value of 2 MAY CLOSE has moved in line with the HPI for detached houses in the Chichester local authority area.
• The June 2021 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MAY CLOSE has not materially changed since June 2021.

How Large is 2 MAY CLOSE?

2 MAY CLOSE is 82m² according to the EPC inspection conducted in March 2021. This puts it in the smallest 20% of detached houses houses in Sidlesham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sidlesham, and where 2 MAY CLOSE lies on this distribution: 11% of detached houses houses are smaller than 2 MAY CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Sidlesham.

2 MAY CLOSE: Plot and Title Map

2 MAY CLOSE sits on a plot of roughly 0.066 of an acre, or 267m². The below map shows the location of 2 MAY 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 MAY 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 MAY CLOSE?

2 MAY CLOSE is located in SIDLESHAM, in the PO20 postcode district. The below map shows the position of No. 2 on MAY CLOSE.