2, PINEWOOD WAY, MIDHURST, GU29 9LN - £392,500

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.

2 PINEWOOD WAY is a very small detached house of 70m², built sometime between 1950 and 1966, which could now be worth an estimated £377,692. It was last sold for £392,500 in May 2023, which was around 46% below the average May 2023 detached price in the Chichester local authority area. The most recent EPC inspection was May 2019, where the current energy rating was C, and the potential energy rating was B.

2 PINEWOOD WAY Sold Prices

Land registry data shows three sales for 2 PINEWOOD WAY 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 PINEWOOD WAY 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
2023 19 MAY	£392,500	£720,280	46% below HPI
2002 9 MAY	£181,000	£275,809	34% below HPI
2001 4 JUN	£169,950	£258,972	34% below HPI

2 PINEWOOD WAY 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 PINEWOOD WAY sales between June 2001 and May 2023 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 May 2002 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the May 2023 sale, where it falls to 46% below the HPI. The line then continues to track at 46% below the HPI.

What might 2 PINEWOOD WAY be worth now?

2 PINEWOOD WAY might now be worth an estimated £377,692.

This is based on house price deflation of 3.8%, between May 2023 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 3.8% deflationary decrease is applied to the most recent sale price for 2 PINEWOOD WAY of £392,500 on 19th May 2023. For the value to have decreased from £392,500 to £377,692 over the three years to May 2026, the following assumptions must hold true:

• The value of 2 PINEWOOD WAY has moved in line with the HPI for detached houses in the Chichester local authority area.
• The May 2023 sale price of £392,500 represented a fair market value for the property.
• The size, condition, and specification of 2 PINEWOOD WAY has not materially changed since May 2023.

How Large is 2 PINEWOOD WAY?

2 PINEWOOD WAY is 70m² according to the EPC inspection conducted in May 2019. This puts it in the smallest 10% of detached houses houses in Midhurst, based on EPC data. The below chart shows the distribution of detached houses houses by size in Midhurst, and where 2 PINEWOOD WAY lies on this distribution: 5% of detached houses houses are smaller than 2 PINEWOOD WAY, and 95% of houses are larger. Note that EPC data is not available for all properties in Midhurst.

2 PINEWOOD WAY: Plot and Title Map

2 PINEWOOD WAY sits on a plot of roughly 0.070 of an acre, or 283m². The below map shows the location of 2 PINEWOOD WAY, 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 PINEWOOD WAY). 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 PINEWOOD WAY?

2 PINEWOOD WAY is located in MIDHURST, in the GU29 postcode district. The below map shows the position of No. 2 on PINEWOOD WAY.