2, OLD SCHOOL CLOSE, BIRDHAM, CHICHESTER, PO20 7ER - £502,400

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 OLD SCHOOL CLOSE is a small detached house of 113m², built sometime between 1983 and 1990, which could now be worth an estimated £470,698. It was last sold for £502,400 in November 2022, which was around 32% below the average November 2022 detached price in the Chichester local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was C.

2 OLD SCHOOL CLOSE Sold Prices

Land registry data shows three sales for 2 OLD SCHOOL CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Chichester local authority area for the corresponding sale date. All of the three 2 OLD SCHOOL 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
2022 2 NOV	£502,400	£739,787	32% below HPI
2010 23 JUL	£300,000	£440,759	32% below HPI
2001 16 JUL	£178,000	£257,702	31% below HPI

2 OLD SCHOOL 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 three 2 OLD SCHOOL CLOSE sales between July 2001 and November 2022 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 July 2010 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the November 2022 sale, which was also at 32% below the HPI.

What might 2 OLD SCHOOL CLOSE be worth now?

2 OLD SCHOOL CLOSE might now be worth an estimated £470,698.

This is based on house price deflation of 6.3%, between November 2022 and May 2026, 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 6.3% deflationary decrease is applied to the most recent sale price for 2 OLD SCHOOL CLOSE of £502,400 on 2nd November 2022. For the value to have decreased from £502,400 to £470,698 over the four years and six months to May 2026, the following assumptions must hold true:

• The value of 2 OLD SCHOOL CLOSE has moved in line with the HPI for detached houses in the Chichester local authority area.
• The November 2022 sale price of £502,400 represented a fair market value for the property.
• The size, condition, and specification of 2 OLD SCHOOL CLOSE has not materially changed since November 2022.

How Large is 2 OLD SCHOOL CLOSE?

2 OLD SCHOOL CLOSE is 113m² according to the EPC inspection conducted in February 2022. This puts it in the smallest 40% of detached houses houses in Birdham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Birdham, and where 2 OLD SCHOOL CLOSE lies on this distribution: 36% of detached houses houses are smaller than 2 OLD SCHOOL CLOSE, and 63% of houses are larger. Note that EPC data is not available for all properties in Birdham.

2 OLD SCHOOL CLOSE: Plot and Title Map

2 OLD SCHOOL CLOSE sits on a plot of roughly 0.073 of an acre, or 296m². The below map shows the location of 2 OLD SCHOOL 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 OLD SCHOOL 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 OLD SCHOOL CLOSE?

2 OLD SCHOOL CLOSE is located in BIRDHAM, in the PO20 postcode district. The below map shows the position of No. 2 on OLD SCHOOL CLOSE.