6, THE CLOSE, IFOLD, BILLINGSHURST, RH14 0TP - £750,000

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.

6 THE CLOSE is a large extended detached house of 236m², built sometime between 1991 and 1995, which could now be worth an estimated £892,933. It was last sold for £750,000 in June 2018, which was around 25% above the average June 2018 detached price in the Chichester local authority area. The most recent EPC inspection was December 2017, where the current energy rating was D, and the potential energy rating was D.

6 THE CLOSE Sold Prices

Land registry data shows four sales for 6 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 6 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
2018 1 JUN	£750,000	£602,044	25% above HPI
2009 3 DEC	£650,000	£419,171	55% above HPI
2001 20 AUG	£425,000	£259,920	64% above HPI
1998 23 MAR	£250,000	£165,853	51% above HPI

6 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 6 THE CLOSE sales between March 1998 and June 2018 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 December 2009 sale was for 55% above the HPI. So the extrapolation line tracks at 55% above the HPI over time, until the June 2018 sale, where it falls to 25% above the HPI. The line then continues to track at 25% above the HPI.

What might 6 THE CLOSE be worth now?

6 THE CLOSE might now be worth an estimated £892,933.

This is based on house price inflation of 19.1%, between June 2018 and February 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 19.1% inflationary increase is applied to the most recent sale price for 6 THE CLOSE of £750,000 on 1st June 2018. For the value to have increased from £750,000 to £892,933 over the seven years and four months to February 2025, the following assumptions must hold true:

• The value of 6 THE CLOSE has moved in line with the HPI for detached houses in the Chichester local authority area.
• The June 2018 sale price of £750,000 represented a fair market value for the property.
• The size, condition, and specification of 6 THE CLOSE has not materially changed since June 2018.

How Large is 6 THE CLOSE?

6 THE CLOSE is 236m², which includes two extensions, according to the EPC inspection conducted in December 2017. This puts it in the largest 30% of detached houses houses in Ifold, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ifold, and where 6 THE CLOSE lies on this distribution: 77% of detached houses houses are smaller than 6 THE CLOSE, and 22% of houses are larger. Note that EPC data is not available for all properties in Ifold.

6 THE CLOSE: Plot and Title Map

6 THE CLOSE sits on a plot of roughly 0.241 of an acre, or 975m². The below map shows the location of 6 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 6 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 6 THE CLOSE?

6 THE CLOSE is located in IFOLD, in the RH14 postcode district. The below map shows the position of No. 6 on THE CLOSE.