3, THE CLOSE, EAST WITTERING, CHICHESTER, PO20 8FT - £407,500

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.

3 THE CLOSE is a very large terraced house of 175m², built sometime between 1991 and 1995, which could now be worth an estimated £374,552. It was last sold for £407,500 in September 2022, which was around 10% above the average September 2022 terraced price in the Chichester local authority area. The most recent EPC inspection was September 2015, where the current energy rating was C, and the potential energy rating was B.

3 THE CLOSE Sold Prices

Land registry data shows three sales for 3 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 3 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
2022 7 SEP	£407,500	£369,681	10% above HPI
2007 21 FEB	£285,000	£218,023	31% above HPI
2002 4 DEC	£180,000	£152,317	18% above HPI

3 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 3 THE CLOSE sales between December 2002 and September 2022 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 February 2007 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the September 2022 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 3 THE CLOSE be worth now?

3 THE CLOSE might now be worth an estimated £374,552.

This is based on house price deflation of 8.1%, between September 2022 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 8.1% deflationary decrease is applied to the most recent sale price for 3 THE CLOSE of £407,500 on 7th September 2022. For the value to have decreased from £407,500 to £374,552 over the three years and three months to June 2025, the following assumptions must hold true:

• The value of 3 THE CLOSE has moved in line with the HPI for terraced houses in the Chichester local authority area.
• The September 2022 sale price of £407,500 represented a fair market value for the property.
• The size, condition, and specification of 3 THE CLOSE has not materially changed since September 2022.

How Large is 3 THE CLOSE?

3 THE CLOSE is 175m² according to the EPC inspection conducted in September 2015. This puts it in the largest 20% 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 3 THE CLOSE lies on this distribution: 87% of terraced houses houses are smaller than 3 THE CLOSE, and 12% of houses are larger. Note that EPC data is not available for all properties in East Wittering.

3 THE CLOSE: Plot and Title Map

3 THE CLOSE sits on a plot of roughly 0.048 of an acre, or 193m². The below map shows the location of 3 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 3 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 3 THE CLOSE?

3 THE CLOSE is located in EAST WITTERING, in the PO20 postcode district. The below map shows the position of No. 3 on THE CLOSE.