24, ELM TREE CLOSE, SELSEY, CHICHESTER, PO20 0SQ - £222,500

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.

24 ELM TREE CLOSE is a small extended terraced house of 81m², built sometime between 1967 and 1975, which could now be worth an estimated £232,225. It was last sold for £222,500 in November 2020, which was around 32% below the average November 2020 terraced price in the Chichester local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was B.

24 ELM TREE CLOSE Sold Prices

Land registry data shows three sales for 24 ELM TREE 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 24 ELM TREE 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
2020 5 NOV	£222,500	£325,561	32% below HPI
2010 29 OCT	£163,000	£229,240	29% below HPI
1998 16 JAN	£60,000	£73,764	19% below HPI

24 ELM TREE 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 24 ELM TREE CLOSE sales between January 1998 and November 2020 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 October 2010 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the November 2020 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 24 ELM TREE CLOSE be worth now?

24 ELM TREE CLOSE might now be worth an estimated £232,225.

This is based on house price inflation of 4.4%, between November 2020 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 4.4% inflationary increase is applied to the most recent sale price for 24 ELM TREE CLOSE of £222,500 on 5th November 2020. For the value to have increased from £222,500 to £232,225 over the five years and five months to June 2025, the following assumptions must hold true:

• The value of 24 ELM TREE CLOSE has moved in line with the HPI for terraced houses in the Chichester local authority area.
• The November 2020 sale price of £222,500 represented a fair market value for the property.
• The size, condition, and specification of 24 ELM TREE CLOSE has not materially changed since November 2020.

How Large is 24 ELM TREE CLOSE?

24 ELM TREE CLOSE is 81m², which includes one extension, according to the EPC inspection conducted in June 2020. This puts it in the smallest 30% of terraced houses houses in Selsey, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Selsey, and where 24 ELM TREE CLOSE lies on this distribution: 25% of terraced houses houses are smaller than 24 ELM TREE CLOSE, and 74% of houses are larger. Note that EPC data is not available for all properties in Selsey.

24 ELM TREE CLOSE: Plot and Title Map

24 ELM TREE CLOSE sits on a plot of roughly 0.041 of an acre, or 165m². The below map shows the location of 24 ELM TREE 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 24 ELM TREE 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 24 ELM TREE CLOSE?

24 ELM TREE CLOSE is located in SELSEY, in the PO20 postcode district. The below map shows the position of No. 24 on ELM TREE CLOSE.