2, NICOLSON CLOSE, TANGMERE, CHICHESTER, PO20 2LA - £215,000

2 NICOLSON CLOSE is a very small detached house of 86m², built sometime between 1996 and 2002. It was last sold for £215,000 in April 2013, which was around 50% below the average April 2013 detached price in the Chichester local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was B.

2 NICOLSON CLOSE Sold Prices

Land registry data shows five sales for 2 NICOLSON CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Chichester local authority area for the corresponding sale date. All of the five 2 NICOLSON 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
2013 3 APR	£215,000	£433,413	50% below HPI
2008 20 AUG	£250,000	£439,556	43% below HPI
2006 31 JUL	£235,000	£393,477	40% below HPI
2003 30 JUN	£220,000	£327,505	33% below HPI
2001 20 DEC	£202,500	£257,435	21% below HPI

2 NICOLSON 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 five 2 NICOLSON CLOSE sales between December 2001 and April 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 August 2008 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the April 2013 sale, where it falls to 50% below the HPI. The line then continues to track at 50% below the HPI.

How Large is 2 NICOLSON CLOSE?

2 NICOLSON CLOSE is 86m² according to the EPC inspection conducted in June 2014. This puts it in the smallest 10% of detached houses in Tangmere, based on EPC data. The below chart shows the distribution of detached houses by size in Tangmere, and where 2 NICOLSON CLOSE lies on this distribution: 9% of detached houses are smaller than 2 NICOLSON CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Tangmere.

2 NICOLSON CLOSE: Plot and Title Map

2 NICOLSON CLOSE sits on a plot of roughly 0.064 of an acre, or 259m². The below map shows the location of 2 NICOLSON 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 NICOLSON 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 NICOLSON CLOSE?

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