RYE COTTAGE, WESTERGATE STREET, WOODGATE, CHICHESTER, PO20 3SQ - £499,950

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.

RYE COTTAGE is a very large detached house of 147m², built in 2022, which could now be worth an estimated £473,870. It was last sold for £499,950 in October 2022, which was around 15% below the average October 2022 detached price in the Arun local authority area. The most recent EPC inspection was September 2022, where the current energy rating was B, and the potential energy rating was A.

RYE COTTAGE Sold Prices

Land registry data shows three sales for RYE COTTAGE 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. One of the three RYE COTTAGE sales was for below the average price, whilst two 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
2022 4 OCT	£499,950	£587,371	15% below HPI
2021 12 FEB	£540,000	£499,406	8% above HPI
2004 8 JUN	£450,000	£287,993	56% above HPI

RYE COTTAGE 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 RYE COTTAGE sales between June 2004 and October 2022 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 February 2021 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the October 2022 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might RYE COTTAGE be worth now?

RYE COTTAGE might now be worth an estimated £473,870.

This is based on house price deflation of 5.2%, between October 2022 and June 2025, 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 5.2% deflationary decrease is applied to the most recent sale price for RYE COTTAGE of £499,950 on 4th October 2022. For the value to have decreased from £499,950 to £473,870 over the three years and four months to June 2025, the following assumptions must hold true:

• The value of RYE COTTAGE has moved in line with the HPI for detached houses in the Arun local authority area.
• The October 2022 sale price of £499,950 represented a fair market value for the property.
• The size, condition, and specification of RYE COTTAGE has not materially changed since October 2022.

How Large is RYE COTTAGE?

RYE COTTAGE is 147m² according to the EPC inspection conducted in September 2022. This puts it in the largest 20% of detached houses houses in Westergate, based on EPC data. The below chart shows the distribution of detached houses houses by size in Westergate, and where RYE COTTAGE lies on this distribution: 82% of detached houses houses are smaller than RYE COTTAGE, and 16% of houses are larger. Note that EPC data is not available for all properties in Westergate.

RYE COTTAGE: Plot and Title Map

RYE COTTAGE sits on a plot of roughly 0.110 of an acre, or 446m². The below map shows the location of RYE COTTAGE, 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 RYE COTTAGE). 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 RYE COTTAGE?

RYE COTTAGE is located on WESTERGATE STREET in WOODGATE, in the PO20 postcode district. The below map shows the position of RYE COTTAGE on WESTERGATE STREET.