FAIRACRES, LEVEL MARE LANE, EASTERGATE, CHICHESTER, PO20 3SA - £436,500

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.

FAIRACRES is a midsized extended semi-detached house of 136m², built sometime before 1900, which could now be worth an estimated £726,612. It was last sold for £436,500 in December 2012, which was around 106% above the average December 2012 semi-detached price in the Arun local authority area. The most recent EPC inspection was May 2010, where the current energy rating was E, and the potential energy rating was E.

FAIRACRES Sold Prices

Land registry data shows two sales for FAIRACRES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Arun local authority area for the corresponding sale date. Both of the two FAIRACRES 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
2012 10 DEC	£436,500	£211,934	106% above HPI
2008 6 MAR	£425,000	£227,158	87% above HPI

FAIRACRES Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Arun local authority area over time, sourced from the HPI. The two FAIRACRES sales from March 2008 and December 2012 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 2008 sale was for 87% above the HPI. So the extrapolation line tracks at 87% above the HPI over time, until the December 2012 sale, where it rises to 106% above the HPI. The line then continues to track at 106% above the HPI.

What might FAIRACRES be worth now?

FAIRACRES might now be worth an estimated £726,612.

This is based on house price inflation of 66.5%, between December 2012 and April 2026, for semi-detached 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 66.5% inflationary increase is applied to the most recent sale price for FAIRACRES of £436,500 on 10th December 2012. For the value to have increased from £436,500 to £726,612 over the fourteen years and eight months to April 2026, the following assumptions must hold true:

• The value of FAIRACRES has moved in line with the HPI for semi-detached houses in the Arun local authority area.
• The December 2012 sale price of £436,500 represented a fair market value for the property.
• The size, condition, and specification of FAIRACRES has not materially changed since December 2012.

How Large is FAIRACRES?

FAIRACRES is 136m², which includes two extensions, according to the EPC inspection conducted in May 2010. This puts it in the smallest 50% of semi-detached houses houses in Fontwell, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Fontwell, and where FAIRACRES lies on this distribution: 42% of semi-detached houses houses are smaller than FAIRACRES, and 58% of houses are larger. Note that EPC data is not available for all properties in Fontwell.

FAIRACRES: Plot and Title Map

FAIRACRES sits on a plot of roughly 0.457 of an acre, or 1,848m². The below map shows the location of FAIRACRES, 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 FAIRACRES). 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 FAIRACRES?

FAIRACRES is located on LEVEL MARE LANE in EASTERGATE, in the PO20 postcode district. The below map shows the position of FAIRACRES on LEVEL MARE LANE.