22, OAK TREE LANE, WOODGATE, CHICHESTER, PO20 3GU - £197,000

22 OAK TREE LANE is a very small extended semi-detached house of 82m², built sometime between 1991 and 1995. It was last sold for £197,000 in May 2012, which was around 37% below the average May 2012 detached price in the Arun local authority area. The most recent EPC inspection was April 2011, where the current energy rating was D, and the potential energy rating was D.

22 OAK TREE LANE Sold Prices

Land registry data shows three sales for 22 OAK TREE LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Arun local authority area for the corresponding sale date. All of the three 22 OAK TREE LANE 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
2012 25 MAY	£197,000	£312,943	37% below HPI
2007 17 AUG	£220,000	£337,588	35% below HPI
2003 19 DEC	£190,000	£265,895	29% below HPI

22 OAK TREE LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Arun local authority area over time, sourced from the HPI. The three 22 OAK TREE LANE sales between December 2003 and May 2012 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 2007 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the May 2012 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 22 OAK TREE LANE?

22 OAK TREE LANE is 82m², which includes one extension, according to the EPC inspection conducted in April 2011. This puts it in the smallest 20% of detached houses in Westergate, based on EPC data. The below chart shows the distribution of detached houses by size in Westergate, and where 22 OAK TREE LANE lies on this distribution: 11% of detached houses are smaller than 22 OAK TREE LANE, and 89% of houses are larger. Note that EPC data is not available for all properties in Westergate.

22 OAK TREE LANE: Plot and Title Map

22 OAK TREE LANE sits on a plot of roughly 0.044 of an acre, or 177m². The below map shows the location of 22 OAK TREE LANE, 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 22 OAK TREE LANE). 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 22 OAK TREE LANE?

22 OAK TREE LANE is located in WOODGATE, in the PO20 postcode district. The below map shows the position of No. 22 on OAK TREE LANE.