5, CHEAL WAY, WICK, LITTLEHAMPTON, BN17 6FL - £250,000

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.

5 CHEAL WAY is a very small terraced house of 74m², built sometime between 2003 and 2006, which could now be worth an estimated £262,865. It was last sold for £250,000 in June 2021, which was around 4% below the average June 2021 terraced price in the Arun local authority area. The most recent EPC inspection was January 2021, where the current energy rating was C, and the potential energy rating was B.

5 CHEAL WAY Sold Prices

Land registry data shows four sales for 5 CHEAL WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Arun local authority area for the corresponding sale date. One of the four 5 CHEAL WAY sales was for below the average price, whilst two 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
2021 9 JUN	£250,000	£259,961	4% below HPI
2021 16 MAR	£250,000	£250,589	Close to HPI
2010 26 MAY	£185,000	£168,227	10% above HPI
2009 12 JUN	£170,000	£147,793	15% above HPI

5 CHEAL WAY Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Arun local authority area over time, sourced from the HPI. The four 5 CHEAL WAY sales between June 2009 and June 2021 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 2021 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the June 2021 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 5 CHEAL WAY be worth now?

5 CHEAL WAY might now be worth an estimated £262,865.

This is based on house price inflation of 5.1%, between June 2021 and June 2025, for terraced houses, in the Arun local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.1% inflationary increase is applied to the most recent sale price for 5 CHEAL WAY of £250,000 on 9th June 2021. For the value to have increased from £250,000 to £262,865 over the four years to June 2025, the following assumptions must hold true:

• The value of 5 CHEAL WAY has moved in line with the HPI for terraced houses in the Arun local authority area.
• The June 2021 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 5 CHEAL WAY has not materially changed since June 2021.

How Large is 5 CHEAL WAY?

5 CHEAL WAY is 74m² according to the EPC inspection conducted in January 2021. This puts it in the smallest 10% of terraced houses houses in Toddington, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Toddington, and where 5 CHEAL WAY lies on this distribution: 1% of terraced houses houses are smaller than 5 CHEAL WAY, and 99% of houses are larger. Note that EPC data is not available for all properties in Toddington.

5 CHEAL WAY: Plot and Title Map

5 CHEAL WAY sits on a plot of roughly 0.033 of an acre, or 134m². The below map shows the location of 5 CHEAL WAY, 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 5 CHEAL WAY). 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 5 CHEAL WAY?

5 CHEAL WAY is located in WICK, in the BN17 postcode district. The below map shows the position of No. 5 on CHEAL WAY.