2, VICTORIA CLOSE, MIDHURST, GU29 9PR - £457,500

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 VICTORIA CLOSE is a midsized extended detached house of 121m², built sometime between 1950 and 1966, which could now be worth an estimated £519,474. It was last sold for £457,500 in July 2018, which was around 25% below the average July 2018 detached price in the Chichester local authority area. The most recent EPC inspection was April 2018, where the current energy rating was D, and the potential energy rating was C.

2 VICTORIA CLOSE Sold Prices

Land registry data shows two sales for 2 VICTORIA 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 VICTORIA 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
2018 20 JUL	£457,500	£610,416	25% below HPI
2004 16 APR	£260,000	£358,606	27% below HPI

2 VICTORIA 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 VICTORIA CLOSE sales from April 2004 and July 2018 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 April 2004 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the July 2018 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 2 VICTORIA CLOSE be worth now?

2 VICTORIA CLOSE might now be worth an estimated £519,474.

This is based on house price inflation of 13.5%, between July 2018 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 13.5% inflationary increase is applied to the most recent sale price for 2 VICTORIA CLOSE of £457,500 on 20th July 2018. For the value to have increased from £457,500 to £519,474 over the eight years and two months to May 2026, the following assumptions must hold true:

• The value of 2 VICTORIA CLOSE has moved in line with the HPI for detached houses in the Chichester local authority area.
• The July 2018 sale price of £457,500 represented a fair market value for the property.
• The size, condition, and specification of 2 VICTORIA CLOSE has not materially changed since July 2018.

How Large is 2 VICTORIA CLOSE?

2 VICTORIA CLOSE is 121m², which includes one extension, according to the EPC inspection conducted in April 2018. This puts it in the largest 50% 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 VICTORIA CLOSE lies on this distribution: 55% of detached houses houses are smaller than 2 VICTORIA CLOSE, and 44% of houses are larger. Note that EPC data is not available for all properties in Midhurst.

2 VICTORIA CLOSE: Plot and Title Map

2 VICTORIA CLOSE sits on a plot of roughly 0.066 of an acre, or 268m². The below map shows the location of 2 VICTORIA 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 VICTORIA 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 VICTORIA CLOSE?

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