2, THE CLOSE, EAST WITTERING, CHICHESTER, PO20 8FT - £422,500

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 THE CLOSE is a large terraced house of 131m², built sometime between 1996 and 2002, which could now be worth an estimated £498,961. It was last sold for £422,500 in July 2016, which was around 47% above the average July 2016 terraced price in the Chichester local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was B.

2 THE CLOSE Sold Prices

Land registry data shows three sales for 2 THE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Chichester local authority area for the corresponding sale date. All of the three 2 THE CLOSE sales were for above 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
2016 1 JUL	£422,500	£287,721	47% above HPI
2008 20 MAR	£330,000	£214,044	54% above HPI
2002 19 DEC	£200,000	£152,317	31% above HPI

2 THE 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 three 2 THE CLOSE sales between December 2002 and July 2016 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 March 2008 sale was for 54% above the HPI. So the extrapolation line tracks at 54% above the HPI over time, until the July 2016 sale, where it falls to 47% above the HPI. The line then continues to track at 47% above the HPI.

What might 2 THE CLOSE be worth now?

2 THE CLOSE might now be worth an estimated £498,961.

This is based on house price inflation of 18.1%, between July 2016 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 18.1% inflationary increase is applied to the most recent sale price for 2 THE CLOSE of £422,500 on 1st July 2016. For the value to have increased from £422,500 to £498,961 over the nine years and one month to June 2025, the following assumptions must hold true:

• The value of 2 THE CLOSE has moved in line with the HPI for terraced houses in the Chichester local authority area.
• The July 2016 sale price of £422,500 represented a fair market value for the property.
• The size, condition, and specification of 2 THE CLOSE has not materially changed since July 2016.

How Large is 2 THE CLOSE?

2 THE CLOSE is 131m² according to the EPC inspection conducted in September 2014. This puts it in the largest 30% of terraced houses houses in East Wittering, based on EPC data. The below chart shows the distribution of terraced houses houses by size in East Wittering, and where 2 THE CLOSE lies on this distribution: 69% of terraced houses houses are smaller than 2 THE CLOSE, and 30% of houses are larger. Note that EPC data is not available for all properties in East Wittering.

2 THE CLOSE: Plot and Title Map

2 THE CLOSE sits on a plot of roughly 0.138 of an acre, or 560m². The below map shows the location of 2 THE 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 THE 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 THE CLOSE?

2 THE CLOSE is located in EAST WITTERING, in the PO20 postcode district. The below map shows the position of No. 2 on THE CLOSE.