IVEL, MALTHOUSE PASSAGE, WICK, LITTLEHAMPTON, BN17 6JA - £236,000

IVEL is a very small detached house of 53m², built sometime between 1930 and 1949. It was last sold for £236,000 in December 2017, which was around 47% below the average December 2017 detached price in the Arun local authority area. The most recent EPC inspection was June 2012, where the current energy rating was E, and the potential energy rating was B.

IVEL Sold Prices

Land registry data shows three sales for IVEL since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Arun local authority area for the corresponding sale date. All of the three IVEL 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
2017 1 DEC	£236,000	£446,701	47% below HPI
2012 23 NOV	£169,000	£333,826	49% below HPI
1997 24 OCT	£65,950	£118,729	44% below HPI

IVEL Price Paid vs. HPI Average

The below graph shows the average detached house price in the Arun local authority area over time, sourced from the HPI. The three IVEL sales between October 1997 and December 2017 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 November 2012 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the December 2017 sale, where it rises to 47% below the HPI. The line then continues to track at 47% below the HPI.

How Large is IVEL?

IVEL is 53m² according to the EPC inspection conducted in June 2012. This puts it in the smallest 10% of detached houses in Wick, based on EPC data. The below chart shows the distribution of detached houses by size in Wick, and where IVEL lies on this distribution: 1% of detached houses are smaller than IVEL, and 99% of houses are larger. Note that EPC data is not available for all properties in Wick.

IVEL: Plot and Title Map

IVEL sits on a plot of roughly 0.072 of an acre, or 293m². The below map shows the location of IVEL, 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 IVEL). 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 IVEL?

IVEL is located on MALTHOUSE PASSAGE in WICK, in the BN17 postcode district. The below map shows the position of IVEL on MALTHOUSE PASSAGE.