5, THE CLOSE, SELSEY, CHICHESTER, PO20 0ET - £223,000

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 THE CLOSE is a very small extended detached house of 62m², built sometime between 1930 and 1949, which could now be worth an estimated £344,384. It was last sold for £223,000 in July 2010, which was around 49% below the average July 2010 detached price in the Chichester local authority area. The most recent EPC inspection was March 2009, where the current energy rating was D, and the potential energy rating was D.

5 THE CLOSE Sold Prices

Land registry data shows four sales for 5 THE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Chichester local authority area for the corresponding sale date. All of the four 5 THE 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
2010 23 JUL	£223,000	£440,759	49% below HPI
2009 31 JUL	£210,000	£392,041	46% below HPI
2006 23 FEB	£190,000	£359,769	47% below HPI
2002 26 JUL	£150,000	£285,507	47% below HPI

5 THE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Chichester local authority area over time, sourced from the HPI. The four 5 THE CLOSE sales between July 2002 and July 2010 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 2009 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the July 2010 sale, where it falls to 49% below the HPI. The line then continues to track at 49% below the HPI.

What might 5 THE CLOSE be worth now?

5 THE CLOSE might now be worth an estimated £344,384.

This is based on house price inflation of 54.4%, between July 2010 and June 2025, for detached 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 54.4% inflationary increase is applied to the most recent sale price for 5 THE CLOSE of £223,000 on 23rd July 2010. For the value to have increased from £223,000 to £344,384 over the fifteen years and one month to June 2025, the following assumptions must hold true:

• The value of 5 THE CLOSE has moved in line with the HPI for detached houses in the Chichester local authority area.
• The July 2010 sale price of £223,000 represented a fair market value for the property.
• The size, condition, and specification of 5 THE CLOSE has not materially changed since July 2010.

How Large is 5 THE CLOSE?

5 THE CLOSE is 62m², which includes one extension, according to the EPC inspection conducted in March 2009. This puts it in the smallest 10% of detached houses houses in Selsey, based on EPC data. The below chart shows the distribution of detached houses houses by size in Selsey, and where 5 THE CLOSE lies on this distribution: 6% of detached houses houses are smaller than 5 THE CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Selsey.

5 THE CLOSE: Plot and Title Map

5 THE CLOSE sits on a plot of roughly 0.107 of an acre, or 432m². The below map shows the location of 5 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 5 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 5 THE CLOSE?

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