5, SCHOOL CLOSE, WESTERGATE, CHICHESTER, PO20 3AB - £246,000

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 SCHOOL CLOSE is a very small terraced house of 63m², built sometime from 2007 onwards, which could now be worth an estimated £294,337. It was last sold for £246,000 in February 2019, which was around 8% above the average February 2019 terraced price in the Arun local authority area. The most recent EPC inspection was August 2018, where the current energy rating was C, and the potential energy rating was A.

5 SCHOOL CLOSE Sold Prices

Land registry data shows two sales for 5 SCHOOL CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Arun local authority area for the corresponding sale date. Both of the two 5 SCHOOL 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
2019 1 FEB	£246,000	£228,450	8% above HPI
2008 30 MAY	£190,000	£183,274	4% above HPI

5 SCHOOL CLOSE 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 two 5 SCHOOL CLOSE sales from May 2008 and February 2019 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 May 2008 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the February 2019 sale, where it rises to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 5 SCHOOL CLOSE be worth now?

5 SCHOOL CLOSE might now be worth an estimated £294,337.

This is based on house price inflation of 19.6%, between February 2019 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 19.6% inflationary increase is applied to the most recent sale price for 5 SCHOOL CLOSE of £246,000 on 1st February 2019. For the value to have increased from £246,000 to £294,337 over the five years and eight months to June 2025, the following assumptions must hold true:

• The value of 5 SCHOOL CLOSE has moved in line with the HPI for terraced houses in the Arun local authority area.
• The February 2019 sale price of £246,000 represented a fair market value for the property.
• The size, condition, and specification of 5 SCHOOL CLOSE has not materially changed since February 2019.

How Large is 5 SCHOOL CLOSE?

5 SCHOOL CLOSE is 63m² according to the EPC inspection conducted in August 2018. This puts it in the smallest 10% of terraced houses houses in Westergate, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Westergate, and where 5 SCHOOL CLOSE lies on this distribution: 1% of terraced houses houses are smaller than 5 SCHOOL CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Westergate.

5 SCHOOL CLOSE: Plot and Title Map

5 SCHOOL CLOSE sits on a plot of roughly 0.020 of an acre, or 82m². The below map shows the location of 5 SCHOOL 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 5 SCHOOL 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 5 SCHOOL CLOSE?

5 SCHOOL CLOSE is located in WESTERGATE, in the PO20 postcode district. The below map shows the position of No. 5 on SCHOOL CLOSE.