MILLRACE, BARNHAM ROAD, EASTERGATE, CHICHESTER, PO20 3RP - £319,500

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.

MILLRACE is a small extended detached house of 91m², built sometime between 1930 and 1949, which could now be worth an estimated £496,798. It was last sold for £319,500 in March 2014, which was around 10% below the average March 2014 detached price in the Arun local authority area. The most recent EPC inspection was June 2013, where the current energy rating was D, and the potential energy rating was B.

MILLRACE Sold Prices

Land registry data shows three sales for MILLRACE 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 MILLRACE 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
2014 4 MAR	£319,500	£356,674	10% below HPI
2006 18 JUL	£248,000	£306,500	19% below HPI
1997 20 JUN	£75,000	£110,825	32% below HPI

MILLRACE 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 MILLRACE sales between June 1997 and March 2014 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 2006 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the March 2014 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might MILLRACE be worth now?

MILLRACE might now be worth an estimated £496,798.

This is based on house price inflation of 55.5%, between March 2014 and April 2026, for 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 55.5% inflationary increase is applied to the most recent sale price for MILLRACE of £319,500 on 4th March 2014. For the value to have increased from £319,500 to £496,798 over the eleven years and eleven months to April 2026, the following assumptions must hold true:

• The value of MILLRACE has moved in line with the HPI for detached houses in the Arun local authority area.
• The March 2014 sale price of £319,500 represented a fair market value for the property.
• The size, condition, and specification of MILLRACE has not materially changed since March 2014.

How Large is MILLRACE?

MILLRACE is 91m², which includes one extension, according to the EPC inspection conducted in June 2013. This puts it in the smallest 30% of detached houses houses in Eastergate, based on EPC data. The below chart shows the distribution of detached houses houses by size in Eastergate, and where MILLRACE lies on this distribution: 29% of detached houses houses are smaller than MILLRACE, and 71% of houses are larger. Note that EPC data is not available for all properties in Eastergate.

MILLRACE: Plot and Title Map

MILLRACE sits on a plot of roughly 0.128 of an acre, or 517m². The below map shows the location of MILLRACE, 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 MILLRACE). 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 MILLRACE?

MILLRACE is located on BARNHAM ROAD in EASTERGATE, in the PO20 postcode district. The below map shows the position of MILLRACE on BARNHAM ROAD.