5, MILLINGTON DRIVE, SELSEY, CHICHESTER, PO20 0FE - £222,250

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 MILLINGTON DRIVE is a very small terraced house of 59m², built sometime between 2003 and 2006, which could now be worth an estimated £247,770. It was last sold for £222,250 in July 2020, which was around 27% below the average July 2020 terraced price in the Chichester local authority area. The most recent EPC inspection was March 2017, where the current energy rating was C, and the potential energy rating was C.

5 MILLINGTON DRIVE Sold Prices

Land registry data shows four sales for 5 MILLINGTON DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Chichester local authority area for the corresponding sale date. All of the four 5 MILLINGTON DRIVE 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 31 JUL	£222,250	£304,793	27% below HPI
2017 20 JUL	£212,000	£295,222	28% below HPI
2007 9 MAR	£157,000	£219,108	28% below HPI
2004 12 MAR	£134,950	£182,419	26% below HPI

5 MILLINGTON DRIVE 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 four 5 MILLINGTON DRIVE sales between March 2004 and July 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 July 2017 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the July 2020 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 5 MILLINGTON DRIVE be worth now?

5 MILLINGTON DRIVE might now be worth an estimated £247,770.

This is based on house price inflation of 11.5%, between July 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 11.5% inflationary increase is applied to the most recent sale price for 5 MILLINGTON DRIVE of £222,250 on 31st July 2020. For the value to have increased from £222,250 to £247,770 over the five years and one month to June 2025, the following assumptions must hold true:

• The value of 5 MILLINGTON DRIVE has moved in line with the HPI for terraced houses in the Chichester local authority area.
• The July 2020 sale price of £222,250 represented a fair market value for the property.
• The size, condition, and specification of 5 MILLINGTON DRIVE has not materially changed since July 2020.

How Large is 5 MILLINGTON DRIVE?

5 MILLINGTON DRIVE is 59m² according to the EPC inspection conducted in March 2017. This puts it in the smallest 10% 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 5 MILLINGTON DRIVE lies on this distribution: 2% of terraced houses houses are smaller than 5 MILLINGTON DRIVE, and 96% of houses are larger. Note that EPC data is not available for all properties in Selsey.

5 MILLINGTON DRIVE: Plot and Title Map

5 MILLINGTON DRIVE sits on a plot of roughly 0.102 of an acre, or 412m². The below map shows the location of 5 MILLINGTON DRIVE, 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 MILLINGTON DRIVE). 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 MILLINGTON DRIVE?

5 MILLINGTON DRIVE is located in SELSEY, in the PO20 postcode district. The below map shows the position of No. 5 on MILLINGTON DRIVE.